[flumpcakes]

Drugs and healthcare products should definitely be regulated so people get quality products with provable efficacy. Saying that, how the hell does an application for a new drug with the FDA cost $1Bn?! Clearly something is wrong there.

[terminalshort]

I costs $1 billion because the FDA requires an enormously expensive 3 phase trial program before you are even allowed to submit the application. There is no way to make this cheaper without relaxing the requirements.