For drug applications, third-quarter submissions appear to fare far better than those made in Q4.
Employee-compensation incentives may be driving the "sloppier" fourth-quarter applications, say presenters at the Regulatory Affairs Professionals Society conference in Philadelphia, which tend to include a higher rate of errors and omissions in clinical data leading to FDA questions and delays.
An analysis of first-cycle reviews by consultancy Booz Allen Hamilton shows that of fourth-quarter applications from 2002 to 2007, only 38 percent were approved, compared with a 70 percent first-cycle approval rate for third-quarter applications. Nearly half of all applications made in those years came in the final quarter, according to a Dow Jones report.
An FDA official at the conference advises "letting internal corporate deadlines slide if an application isn't ready for prime time."
- here's the report [1]
Related Articles:
FDA picking up the pace on '08 approvals [2]
2007 FDA approvals [3]
2008 NME approvals no better than last year? [4]
Dry spell or parched desert for NME approvals? [5]
Links:
[1] http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200909161112dowjonesdjonline000516&title=drug-companies-rushing-to-file-with-fda-may-want-to-reconsider
[2] http://www.fiercebiotech.com/story/fda-picking-up-the-pace-on-08-approvals/2008-05-15
[3] http://www.fiercepharma.com/special-reports/2007-fda-approvals
[4] http://www.fiercepharma.com/story/2008-nme-approvals-no-better-than-last-year/2008-03-12
[5] http://www.fiercepharma.com/story/dry-spell-or-parched-desert-nme-approvals/2008-01-07