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Drug approvals slump hits pharmaceutical industry in 2016
The United States approved 22 new medicines last year, the fewest in six years, as FDA rejections increased and companies submitted fewer applications. In 2015 approvals reached 45, the highest in nearly two decades, signaling a shift in innovation, with investors cautious about 2017 amid pressure on prices and uncertain pipeline catalysts.
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United States
U.S. Food and Drug Administration
FDA