That's essentially what the FDA is doing with regards to most medical devices. The 'stamp' is allowing you to make certain claims about a device's ability to have some medicinal effect.
As already demonstrated, Bose was able to sell what was effectively a hearing aid in this new category, but without making any claims about assisting with hearing loss.
I guess what you're suggesting is that manufacturers should be able to make any claims they please with the FDA being relegated to a position of endorsing those claims.
Nothing that has happened in the past few years has given me any confidence that such a system would work (see: Ivermectin, Hydroxychloroquine, Bleach, intravenous UV light, Chelation, et al.).
> If we simply went back to pre-1962 law, the FDA could still require proof of safety, but would not be able to require evidence on efficacy. This one change would allow drugs to be developed faster–often as much as 10 years faster. Market success would establish efficacy. Could there be ineffective drugs? Sure. But as doctors and patients learn, such drugs would disappear over time. This is nothing new; doctors and patients regularly evaluate drugs for efficacy. Clinical trials often show that perhaps only 20 percent, 40 percent, or 60 percent of patients benefit. Even when the FDA finally approves the drug as “safe and efficacious,” doctors must still evaluate the drug to find out how efficacious it is for each particular patient. In practice, an FDA certification of efficacy is just a starting point.
Btw Ivermectin is FDA approved. I am not sure why you bring that up?
In the meantime, patients will be switching from drugs with known efficacy to wonder drugs with potentially no clinical evidence of having a medicinal effect.
> Could there be ineffective drugs? Sure. But as doctors and patients learn, such drugs would disappear over time.
Trying to do that piece meal won't work. You need controlled statistical studies to establish such things.
> doctors must still evaluate the drug to find out how efficacious it is for each particular patient.
Generally informed by subsequent clinical trials. They don't just go with their gut.
> Btw Ivermectin is FDA approved. I am not sure why you bring that up?
You know very well why. In fact it kind of makes my point. Patients are attempting to switch from a treatment regime with known efficacy (vaccines) to one with highly questionable efficacy (Ivermectin). If you follow through with your plans to deregulate the pharmaceuticals industry, you'll see a lot more of that.
Who suggested that?
The original comments suggestion was to improve the regulatory process to the following ideal:
> They are a labeling agency. Ie they confirm and enforce something is what the manufacturer says it is.
> That’s the level of consumer protections I want. If it says it’s heroine that’s good, don’t want fentanyl laced heroine.