Anavex Life Sciences Corp (AVXL)

[Steady_T]

My state's DMV is 90% funded by DL and vehicle registration fees. Does that mean that it is coopted by the driving public?

The FDA charges a user fee for services i.e. the costs of evaluating a drug application. The fee is paid up front. It is not contingent on approval.

It's not like BP can take their business elsewhere if they don't like the service or results from the FDA.

The FDA is the gateway to the US market which is one of the largest and most lucrative drug consuming markets in the world.

IMHO the argument that the FDA is corrupt because it charges user fees that make up 70% of its budget is bogus.