U S Drug Approvals Plummet In 2016
US drug approvals are on track to drop by more than half in 2016 compared to 2015, according to a December 14 presentation by the US Food and Drug Administration (FDA). The agency had approved 19 new drugs this year as of December 9, putting it on track for its lowest yearly tally since 2007. The decline is made more dramatic by 2015’s bumper crop of approvals. The FDA approved 45 new drugs last year — the highest total in nearly 20 years....