In addition to the many pharmaceutical products available to treat various diseases, there are also many “natural remedies” that may treat the same diseases, though they do not have FDA approval. For example, Dramamine was developed to treat nausea, but many tout ginger as an effective remedy for nausea. Despite the potential of these natural remedies, pharmaceutical companies do not invest in the development of these natural remedies to obtain FDA approval. Explain why this is the case, and what might be a potential solution to this underinvestment.

Phlebotomy Essentials
6th Edition
ISBN:9781451194524
Author:Ruth McCall, Cathee M. Tankersley MT(ASCP)
Publisher:Ruth McCall, Cathee M. Tankersley MT(ASCP)
Chapter1: Phlebotomy: Past And Present And The Healthcare Setting
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In addition to the many pharmaceutical products available to treat various diseases, there are also many “natural remedies” that may treat the same diseases, though they do not have FDA approval. For example, Dramamine was developed to treat nausea, but many tout ginger as an effective remedy for nausea. Despite the potential of these natural remedies, pharmaceutical companies do not invest in the development of these natural remedies to obtain FDA approval. Explain why this is the case, and what might be a potential solution to this underinvestment.

 

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