How The FDA Approves New Drugs

The Food And Drug Administration is one of the most strict regulators in the world. It covers all kinds of products, but it’s main focus is arguably drugs. For example, in order to be considered for approval, the company would be responsible for testing the product themselves. So they bear all the risk and costs. But in case you’re wondering about the possible bias from being in charge of testing the product yourself. Well, there is very little room for bias and cheating in these tests. Since the company testing the product must follow strict guidelines with the relevant supervision.

Centre for drug evaluation and research will inform the company what kind of tests are necessary and how many are required for FDA approval to be given to a product.

As you can see, the process is not simple, and it certainly isn’t easy. It’s an expensive, very long and difficult process. But this process does ensure the consumer is kept safe.

Recently there have been reports of drugs being sold without FDA approval, but that have been approved in different jurisdictions. This could potentially leave consumers more exposed to more dangerous drugs, since the tests may not have passed the strict
guidelines imposed by the FDA.

To give you an idea of just how difficult it is to get a drug certified,

The below video explains the FDA approval process for new drugs in more detail and also explains how this agency is ensuring we are protected from foreign imported drugs.

Do You Understand Your Consumer Rights?

undestand your consumer rightsA consumer spots a commercial on television. A car dealer is selling a specific model car for a very low price. The consumer rushes to the dealer to purchase that model car. However, upon arriving the consumer is told that the car is not available, but that another higher priced model is available. He tries to force the buyer to purchase the higher priced automobile. He purchases the vehicle and it is a lemon. In another scenario, a collection agency is calling an individual at various times during the day and night. They even contact the individual’s employer. The consumer is totally frustrated and does not know what to do. Both consumers should be aware that they have  specific consumer rights to fight back against misleading advertising and abusive behavior by a business.

Consumer Rights

There is a consumer law in place that protects individuals from being abused by certain business practices that are deemed illegal. For example, misleading advertising, bad products, or abusive business practices. These laws are designed to punish a business that takes advantage of a consumer in order to profit. The government enforces these laws. Victims are allowed to file a lawsuit against the company, as individuals or join a class action suit with others against the same business. It certainly pays for an individual to understand that they do have legal rights and that a company does not have the right to take advantage of an individual in order to profit.

Filing Consumer Rights Claims

Anyone that feels that a company or business has violated their rights should act immediately. The first course of action is to seek legal advice Find out if there are others in the same situation. It might be appropriate to join a class action suit against the company. In other circumstances, it might be more appropriate to file an individual claim against the business.