The Readout Loud
330: How a Trump presidency could affect the FDA, the biotech industry, and its stocks
Nov 7, 2024
Lizzy Lawrence, STAT’s FDA reporter, joins biotech experts Brian Skorney and Daphne Zohar to discuss the impact of a potential Trump presidency on the FDA and the biotech industry. They delve into concerns over regulatory changes, FDA leadership stability, and investor sentiments regarding vaccines and antivirals. The conversation also explores how immigration policies may affect talent acquisition in biotech. Finally, they analyze the Inflation Reduction Act’s effects on drug development and pricing, shedding light on innovation in a politically charged landscape.
39:22
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Quick takeaways
- Trump's presidency may instigate significant shifts at the FDA, raising concerns about regulatory stability and job security for employees.
- The biotech industry expresses cautious optimism about navigating regulatory changes, focusing on drug pricing and seeking innovative pathways for adaptation.
Deep dives
Impact of Trump's Election on the FDA
Trump's election raises significant concerns regarding potential shifts at the FDA, particularly with Robert F. Kennedy Jr.'s involvement. Kennedy's agenda includes reducing corporate influence within regulatory agencies and addressing chronic diseases, which could lead to a significant reshaping of the FDA’s operations. His promises, which involve firing departments and focusing on public health, have sparked apprehension among career employees about their job security and the direction of the agency. The uncertainty surrounding who will lead the FDA and the potential for chaos in regulation have financial analysts and industry professionals on high alert.
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