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May 22, 2015 at 07:15 AM
(Bloomberg View) — The process for approving new drugs in the U.S. takes a long time and costs a lot of money. But in trying to speed things up too much, Congress runs the risk of allowing drugs to reach the market that aren’t necessarily safe.
Some lawmakers — led by Energy and Commerce Committee Chairman Fred Upton, a Republican from Michigan, and Diana DeGette, a Colorado Democrat — assert that drugs are slow in coming because the Food and Drug Administration (FDA) has been failing to innovate quickly enough.
But last year the agency approved more new drugs than in any other year in almost two decades. In 2013, the median approval time for a new drug was about a year, an improvement over prior years and faster than that of the FDA’s counterparts in Europe or Japan. Most new drugs in the U.S. now qualify for some form of expedited review. And two-thirds of drugs approved worldwide last year were first approved in the U.S.
See also: VIP drug-approval pass costs $125 million and climbing
That doesn’t mean the FDA can’t be improved. The agency says it could do its job better if it had greater authority to hire staff directly. It also wants greater freedom from congressional rules that cap executive salaries at about a third of what drug companies pay. A bill that may soon come up for a vote in the House would give the FDA both, as well as push to create still more avenues for expedited drug reviews.
But changing how the FDA operates can do nothing to shorten the long time — almost 13 years — that it takes a new drug to arrive at the FDA’s doorstep. The discovery and development phase lasts an average of six and a half years, and clinical trials take six more.
