Changes in laws have a big effect on how new treatments are created. Here’s how:
Faster Approval: There’s a special program called the Accelerated Approval pathway by the FDA. This program helps new treatments get to people quicker. Since 1992, over 300 drugs have been approved through this system.
Biologics Regulation: More than half of the new treatments are biologics, which are medicines made from living things. New laws help speed up the process of checking and approving these treatments. In fact, the number of applications for these treatments goes up by about 20% every year.
Orphan Drug Designation: This is a program that focuses on helping rare diseases. Because of this, more than 700 orphan drugs have been approved, encouraging more research in these areas.
Good laws can cut down the time it takes to develop new treatments by as much as 40%.
Changes in laws have a big effect on how new treatments are created. Here’s how:
Faster Approval: There’s a special program called the Accelerated Approval pathway by the FDA. This program helps new treatments get to people quicker. Since 1992, over 300 drugs have been approved through this system.
Biologics Regulation: More than half of the new treatments are biologics, which are medicines made from living things. New laws help speed up the process of checking and approving these treatments. In fact, the number of applications for these treatments goes up by about 20% every year.
Orphan Drug Designation: This is a program that focuses on helping rare diseases. Because of this, more than 700 orphan drugs have been approved, encouraging more research in these areas.
Good laws can cut down the time it takes to develop new treatments by as much as 40%.