FDA Drug Approvals low in 2008

At the end of June, only nine drugs had been approved by the FDA. According to this article at CNN Money, this slow pace could result in the lowest drug approval year since 2003. Some of this has to do with the FDA’s harsher rules that have the safety of the public in mind. The FDA cites faltering research as a reason for fewer approvals. However there have been 18 molecular entities approved that have not yet been used in an FDA approved drug.