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Some U.S. biotech companies are considering moving clinical trials overseas because of U.S. FDA budget cuts and staff layoffs.

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Some U.S. biotech companies are considering moving clinical trials overseas because of U.S. FDA budget cuts and staff layoffs.

Upheaval at FDA pushes some biotech firms to move early trials out of US

 

LONDON, May 14 (Reuters) - Some U.S. biotech companies are considering moving early-stage trials of new medicines outside the United States as worry grows that layoffs and policy changes at the drugs watchdog under the Trump administration may delay regulatory reviews, executives, investors, and consultants told Reuters.
The U.S. Food and Drug Administration is seen as the global gold standard for drug regulation and companies typically seek American approval first because it provides access to the world's most lucrative drug market.But mass layoffs, leadership exits and the restructuring of the FDA under President Donald Trump are prompting some smaller biotechs to rethink traditional pathways for bringing new medicines to market.
But mass layoffsfs, leadership exits and the restructuring of the FDA under President Donald Trump are prompting some smaller biotechs to rethink traditional pathways for bringing new medicines to market.
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