Issue Date: January 9, 2017 | Web Date: January 6, 2017
New drug approvals plummet in 2016
Pharmaceutical industry doomsayers have been licking their chops for months watching the roster of drug approvals for 2016 limp to a weak total of 22, following a record of 45 approvals in 2015. The roughly 50% drop comes after five years of generally increasing Food & Drug Administration approvals.
Seeing the low numbers coming, industry watchers have been waxing leery regarding a possible industry downturn. Questions about whether drug . . .
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