Volume 95 Issue 2 | p. 10 | News of The Week
Issue Date: January 9, 2017 | Web Date: January 6, 2017

New drug approvals plummet in 2016

Cyclicality cited as the main driver in a 50% drop-off
Department: Business
Keywords: pharmaceuticals, drug approvals, price, research and development

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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