FDA chief warns U.S. is losing ground to China in early drug development, calls for faster trial approvals

FDA chief warns U.S. is losing ground to China in early drug development, calls for faster trial approvals

Food and Drug Administration Commissioner Marty Makary warned that the U.S. is falling behind China in early-stage drug development and called for reforms that could streamline the process for starting trials on new treatments.  In an interview with CNBC on Wednesday, Makary specifically pointed to three bottlenecks that he said cause the U.S. to fall…

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FDA chief Marty Makary says 'everything should be over-the-counter' unless drug is unsafe or addictive

FDA chief Marty Makary says ‘everything should be over-the-counter’ unless drug is unsafe or addictive

Food and Drug Administration Commissioner Marty Makary told CNBC that he believes “everything should be over-the-counter” unless a drug is unsafe, addictive or requires monitoring – doubling down on a push that some in the pharmaceutical industry have questioned.  In an interview on Wednesday in Washington, D.C., Makary said the FDA’s aims to make changes…

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CVS tops quarterly estimates, reaffirms profit outlook as turnaround plan takes effect

CVS tops quarterly estimates, reaffirms profit outlook as turnaround plan takes effect

A pedestrian walks by a CVS store in Greenbrae, California, on July 31, 2025. Justin Sullivan | Getty Images CVS Health on Tuesday reported fourth-quarter earnings and revenue that beat estimates and reaffirmed the 2026 profit guidance that impressed investors, signaling steady progress in the health-care giant’s turnaround plan.  “’24 was a tough year for…

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