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Cato Podcast

FDA's Overcaution Carries Deadly Consequences

Cato Podcast

Cato Institute

Cato, Peace, Policy, Politics, Markets, Defense, Government, News, News Commentary, 424708, Immigration, Libertarian

4.5979 Ratings

🗓️ 11 December 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

When the FDA sets out to evaluate a potential new drug, the agency's overcaution makes the exercise more expensive and potentially deadly from patients who might benefit. Mark Flatten of the Goldwater Institute comments.

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Transcript

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0:00.0

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0:25.5

The website again is Cato.org slash podcast sponsor and thank you.

0:36.1

This is the Kator Daily Podcast for Monday, December 10th, 2018.

0:40.0

I'm Caleb Brown.

0:41.2

The FDA's pursuit of safety puts patients willing to take on more risk

0:45.1

at a potentially fatal disadvantage. Mark Flatten is the National Investigative

0:49.5

reporter at the Goldwater Institute. We spoke in November about what he calls the deadly consequences

0:54.6

of FDA's over caution.

0:58.1

You argue that the regulatory process at the FDA for new drugs is broken and it's sort of just this patchwork of

1:08.3

pieces of regulation that have been altered and tweaked over time. What is the single biggest problem

1:14.4

with FDA's regulatory process for approving new drugs?

1:17.8

Well, the single biggest problem at the FDA

1:19.8

is really risk aversion.

1:22.3

FDA regulators know that if they,

1:25.0

their biggest fear is that they'll approve a drug that's later

1:29.0

going to come out to have some unseen side effect.

1:33.0

And so in their quest for sort of absolute statistical certainty,

1:38.0

they've added more testing requirements, more tests, more time, more delays, and frankly more cost.

...

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