Tag: HIV
Ending of a Needle Exchange Program Shows How Government is Addicted to Failure
In 2015 Scott County, Indiana made headlines for all the wrong reasons. With a population of fewer than 10,000 people, the county was the center of an HIV outbreak of more than 230 cases. Most of those infected were individuals who engaged in intravenous drug use. Recognizing the public health emergency, officials acted and...
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The Decline in R&D Efficiency in the Drug Industry
Panel “a” in the graphic below shows that the number of new drugs approved by the U.S. Food and Drug Administration (FDA) per billion U.S. dollars spent on research and development (R&D) in the drug industry has halved about every nine years since 1950, in inflation-adjusted terms. This represents a decline in drug R&D...
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