Question

comments on this statement “The FDA should require pharmaceutical companies to conduct economic research to show the market value of products prior to their approval.”

500 words no plagiarism thanks

Answer 1

Pharmaceuticals are separate and they have government control and economic control due to high cost and cost production. The food and Drug Administration(FDA) is a government agency that protects safety medicine. Medication market control by the govenment. many people unaware of medications, combinations they use whether it is approved by the FDA or not. Duplicate FDA approval drugs like off-label drugs have some therapeutic effect. So FDA made pharmaceutical companies for providing such an appilcation for their products. FDA needs evidence before drugs are marketed legally. Economist decisions made for the concern on public FDA continue to evaluate and approve the new drugs.FDA requires to pharmacutical companes to make test carefully. Pharmaceutical companies hep for poor people with low cost because the fedral government needs drug companies to provide medicaid program in low cost.main reason for high-cost drugs due to inadequate FDA approval. drug companies must price their drugs for their production costs. market value is high and the production value is low. drugs must be priced well for their production cost.