FDA's Regulatory Authority as a percent (%) of the Consumer Dollar ($USD)
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100% of US Consumers are impacted by food ingredient review and pre-market approval.
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FDA's Regulatory Authority as a percent (%) of the Consumer Dollar ($USD)
- 1. FDA Regulatory Authority in Perspective • Consumers spend twenty-five cents of every consumer dollar on products regulated by the FDA. Of this amount, approximately 75% is spent on foods.1 • 100% of US consumers are impacted by food ingredient review and pre- market approval. • A food ingredient review or pre- market approval can cost upwards of $300,000 USD and take anywhere from 3 months to 15 years in total. Food Drugs, Medical Devices, Other FDA Regulated FDA Regulatory Authority as % of Consumer Dollar 1 http://www.fda.gov/AboutFDA/CentersOffices/OfficeofFoods/CFSAN/WhatWeDo/ © 2016 Burdock Group all rights reserved | www.burdockgroup.com
Editor's Notes
- As you can see from this quote I’ve taken from the FDA’s website, [bullet] And each of us here that are US residents know that … In fact, as I stand here, in the company of all these regulatory professionals, you’re all probably considering that given these numbers, the regulatory job market in food must be ripe! No, really, look away! Stick to devices and drugs—we’ll just be over here working on the food…