Drug Approvals – Healthcare Economist

Drug approval times around the world

2023-11-15Jason Shafrin

How long does it take different countries/regions to approve new medications? The US is the fastest and Europe is the slowest among selected major pharmaceutical markets according to a report by EFPIA. Moreover, while a majority (7 out of 10) of therapies in the US rely on expedited approval, in Europe less than 1 in…

Trends in Drug Approvals: 1987–2011

2013-08-072013-10-07Jason Shafrin2 Comments

Many individuals have claimed that new drug approvals are declining over time. A recent article by Lanthier et al. (2013) finds the following trends. Courtesy of Health Affairs. Drug approvals seem to be fairly steady over time, except for a decline in addition-to-class drugs. Why is this? The authors hypothesize as follows: Today we see…