FDA Approved 17 New Prescription Drugs In 2006, Lowest Approval Rate Since New Drug Approvals Peaked At 53 A Decade Ago (Medical News Today)
FDA approvals of new medications, which have decreased in recent years, by 2010 likely will increase as pharmaceutical and biotechnology companies seek approval for about 2,000 compounds currently in early stage clinical trials, according to a study released on Wednesday by the Tufts Center for the Study of Drug Development, the Newark Star-Ledger reports. [click link for full article]

Pharma industry frowns on formation of the Central Drugs Authority of India (PharmaBiz)
In what could be landmark decision for the Union government's with creation of the Central Drugs Authority of India (CDAI) on lines of US FDA, the pharma industry in the country has turned around to vehemently criticize it.