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To ensure safety and efficacy, the Food and Drug Administration regulates the medicines that pharmacies are allowed to sell in the United States. Sometimes this means a company must test a drug for years before it can reach the market. We can easily identify the winners in this system as those who are protected from unsafe drugs that might otherwise harm them. Who are the more anonymous losers who suffer from strict medical regulations?

Short Answer

Expert verified

Drug manufacturers & sellers are the anonymous losers suffering from strict medical regulations.

Step by step solution

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01

Medical Regulation - Concept & Introduction

Medicines & drug regulation should be stringent for safeguarding the health interests of consumers.

This develops need of intense medical research & development, before selling medicines in market.

02

 Explanation

As evident, the gainers from this are consumers as they are protected & saved from risky medicines.

However, the losers are medical researchers & sellers, who have to spend immense time & energy in adhering to regulations led down by the authorising body.

This also leads to huge difference between time of investment initiation and realisation of sale revenue, due to high accreditation time.

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