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FDA drug approvals reached 18-year high in 2014
Modern Healthcare

The Food and Drug Administration approved 41 first-of-a-kind drugs in 2014, including a record number of medicines for rare diseases, pushing the agency’s annual tally of drug approvals to its highest level in 18 years.

FDA drug approvals are considered a barometer of industry innovation and the federal government’s efficiency in reviewing new therapies. Last year’s total was the most since the all-time high of 53 drugs approved in 1996.

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