[CDER head, Janet] Woodcock explained the agency meets more than 90% of deadlines that are part of the drug-review process. She also said so-called first cycle approvals are at a 20-year high with and said more than two-thirds of new drugs being approved within the six-to-10-month time frames given to new drug applications.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”