EDUDORM ACADEMIC SERVICES

This chapter argues that the FDA faces an incentive to delay the approval of new drugs, whereas pharmaceutical firms face an incentive to accelerate the introduction of new drugs. Explain some market realities that may force pharmaceutical firms to introd

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This chapter argues that the FDA faces an incentive to delay the approval of new drugs, whereas pharmaceutical firms face an incentive to accelerate the introduction of new drugs. Explain some market realities that may force pharmaceutical firms to introduce new drugs at a more efficient pace.

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