NEW MOLECULAR ENTITY AVERAGE APPROVAL TIME IN 1994 IS 19.7 MONTHS; PhRMA PRAISES FDA REVIEW SPEED BUT WANTS MORE APPROVALS GIVEN FACT OF USER FEES
FDA's new molecular entity average approval time in 1994 was 19.7 months, a 26% decrease from the average approval period for the 25 NMEs cleared in 1993, according to the agency's adjusted figures.
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