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The more funding for review scientists there is, the more scientists are on staff, and more work gets completed at a faster rate. The study found that the decrease in turnover time from application submission to completed review began a few years before the passage of the Prescription Drug User Fee Act, thus before the collection of those user fees started (Carpenter et al., 2003).
The question for us to consider is whether the increased efficiency observed by Carpenter et al. means that the FDA is moving back toward a Type I error orientation from the Type II orientation observed by Miller et al. Viewing the drug review process along the dimension of rate of review alone might suggest that a Type I error orientation is taking hold again in the agency. Drugs are being approved faster, suggesting less examination for potentially harmful side effects. However, if the number of qualified review scientists is increasing due to greater resources being put toward staffing, then there is an increase along the manpower/man-hour dimension to take into consideration. Increased manpower results in higher man-hours of work per...
If there are more scientists handling more reviews, thus speeding up the process for each review, then the error orientation has shifted toward Type I. On the other hand, if the staff were used in a manner that performs multiple analyses of the same drug concurrently, then there would still remain a Type II error orientation, yet now achieved with a smaller investment of time. From a consumer's perspective, one would prefer the latter scenario.
References
Carpenter, D., Chernew, M., Smith, D.G., & Fendrick, a.M. (2003, December 17). Approval
times for new drugs: does the source of funding for FDA staff matter? Health Affairs, w3
- 618-623.
Miller, R.L., Benjamin, D.K., & North, D.C. (2005). Terrible trade-off. In R.L. Miller, D.K.
Walk Down Wall Street Stock Valuation from the Sixties through the Nineties Malkiel notes that there were a number of speculative trends from the 1960s to 1990s, and that they all mended up in the same way. Every few years, the stock market has another bubble or speculative mania which soon crashes and levels off, such as overvalued food stocks in the 1980s or the Nifty Fifty blue chips in the 1970s,
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" "We tried to call you." "Why didn't you return my call?" For some reason, not for lack of trying, I nearly always forget to charge my cell phone. It is not that I am anti-technology. I spend too much time on my computer and Internet. There is something psychologically taking place with me and that cell phone. And, it gets me into trouble. When I need to make a