News Focus
News Focus
Followers 0
Posts 139
Boards Moderated 0
Alias Born 01/08/2006

Re: zip512003 post# 347

Saturday, 01/14/2006 8:54:46 AM

Saturday, January 14, 2006 8:54:46 AM

Post# of 6500
FDA agrees to rule changes allowing “preclinical” human trials
WASHINGTON - The US Food and Drug Administration (FDA) announced new guidelines for human testing that are intended to make promising drugs reach the market in a speedy manner. The FDA feels that this step is warranted since the lengthy process of approval is seeing a less number of new drugs coming on to the market.

The FDA said under the new guidelines, researchers will be allowed to give minute doses of the experimental drug to human subjects to see if the results are promising enough to warrant fast forwarding the process and thus making sense of costly clinical trials.

FDA acting director Andrew von Eschenbach said that drug development "is expensive and too often uses technologies of the last century to evaluate cutting-edge, 21st century treatments." Hence the change in rules would allow investigators to quickly analyze the effect of a compound and enable them to "more rapidly establish whether a new compound truly has a clinical benefit for people."


Health and Human Services Secretary Mike Leavitt said that nine out of ten drugs that undergo costly clinical trial ultimately fail and hence this step was designed to expedite the whole process. This means that drugs that are slated for clinical trials, but do not work can be consigned to the bin in the earlier stage itself, thus saving millions of dollars. The number of drugs that the FDA approved last year was only 20 as compared to the 36 in the previous year.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y