An awful lot of funding comes from pharmaceutical companies.
About 45% of the FDA's budget, or $2.7 billion, comes from industry user fees, according to a fact sheet released by the FDA in November 2020. The other 55%, or $3.2 billion, comes from federal funding.
A further breakdown of the agency's total budget does show, depending on the department, industry fees can account for most of the funding, however.
For regulatory activities involving human drugs (which account for a third of the agency's total budget), 65%, or about $656 million, is funded by industry user fees.
For biologics, which includes vaccines and represents 7% of the FDA's total budget, industry fees pay about 40%, or around $337 million.
A post circulating on social media distorts how much funding the FDA receives from the companies whose products it approves.
www.usatoday.com
There is a clear conflict of interest in pharmaceutical companies funding the approvals of the drugs they will profit from. This study shows that when a study is funded by a pharmaceutical company, it is more likely to yield favorable results than those studies that are independently funded.
57 publications were included for evaluation in Parts 1 and 2 of this article. Published drug trials that were financed by pharmaceutical companies, or whose authors declared a financial conflict of interest, were found to yield favorable results for the drug manufacturer more frequently than independently financed trials whose authors had no such conflicts. The results were also interpreted favorably more often than in independently financed trials. Furthermore, there was evidence that pharmaceutical companies influenced study protocols in a way that was favorable to themselves. The methodological quality of trials financed by pharmaceutical companies was not found to be any worse than that of trials financed in other ways.
Then there is the revolving door between regulatory agencies that go on to work for pharmaceutical companies.
More than a quarter of the Food and Drug Administration employees who approved cancer and hematology drugs from 2001 through 2010 left the agency and now work or consult for pharmaceutical companies, according to research published by a prominent medical journal Tuesday.
Our regulatory agencies are in dire need of reform.