Care to share any thoughts on the Trump FDA appointee wanting to fast track drugs by not needing proof of efficacy before they hit the market?
http://www.forbes.com/sites/patrick...-progressive-approval-for-drugs/#14aa519a1c34
"The first potential FDA chief appointee leaked by the Trump transition team is Jim O’Neill. Managing director of Peter Thiel’s Mithril Capital, O’Neill has publicly supported proposals to do away with the FDA’s requirement for phase 2 and 3 trials. Instead, he favors “progressive approval” of drugs and other medical technologies.
O’Neill would not be the first FDA head to favor progressive drug approval.
Andrew von Eschenbach developed this system when he served as FDA chief. But during his tenure, Eschenbach was not able to put such a far-reaching reform into practice in the US. The Japanese, though, saw the value of Eschenbach’s plan. They now use it for regenerative medicine. Japan legalizes therapies following proof of safety.
Once a drug is in use, companies can move to phase 4. This means they monitor their patients and disclose efficacy data regularly."
So does this mean
zero placebo controlled/double blind efficacy data?
At least it increase the ability of smaller companies to bring drugs to market as well as increases the ability of drugs for small populations to be brought to market, but do you have faith that the general efficacy of drugs won't take a huge fall?