I know little about the work that goes on behind the scenes in creating new substances to help us when something goes wrong with our bodies or minds. I know even less about how they work. So that's where I'll start, with some numbers to give us a little perspective.
The pharmaceutical industry today is huge any way it can be measured. The following is from the U.S. Bureau of Labor Statistics:
- In 2004 the industry provided 291,000 jobs at 2,500 locations throughout the U.S.
- Jobs are growing. The industry will increase jobs by 26 percent from 2004 to 2014 compared with a 16 percent employment increase in other industries.
- For every 5,000 to 10,000 chemical compounds undergoing strict screening to determine their potential as drugs, only one will make it to market.
- What is going on today in the world of pharmaceuticals?
- How is foreign competition affecting quality, prices, and availability of drugs?
- Is the FDA shortening the time needed to approve of new drugs? Why or why not?
- Why are prices climbing higher and higher for drugs we need for health?
- What are generic drugs? What is their effect on the drug industry?
- Will psychotropic drugs some day eliminate mental illness?
- What is the next break-through in cancer therapy?
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