Paper: Strong FDA supports strong economy

The Alliance for a Stronger FDA – a coalition of consumer, patient, research and industry groups – released a white paper today detailing the importance of a strong Food and Drug Administration to the economy.

How important? The paper finds:

1. FDA-regulated industries account for nearly 25 percent of consumer spending in the United States.

2. The bioscience industry, which depends on FDA for regulation of its products, directly employed 1.42 million people in the United States in 2008 and generated an additional 8 million related jobs.

3. The FDA oversees approximately 167,000 registered domestic food establishments, as well as monitoring an additional 254,000 sites overseas involved in the production and processing of the food Americans eat.

4. FDA plays a critical role in protecting the United States against agro-terrorism and bio-terrorism.

The paper is intended to demonstrate to policymakers the need for a well-funded, strong FDA – a belief shared by AstraZeneca.

“AstraZeneca favors a well-funded and scientifically world-class FDA that has the resources it needs to bring safe, effective and innovative medicines to patients in the United States," said Rich Fante, President, AstraZeneca U.S. & CEO North America. "Developing and making new medicines available not only helps improve peoples’ health, it helps grow the American economy.”

– By Tony Jewell