
Industry and the American public have lost faith in the federal agency in charge of overseeing the country’s drug and medical device industry, according to an annual survey by PricewaterhouseCoopers LLP.
PWC and Biocom, a trade association representing 550 California life science firms, interviewed 1,000 individuals and executives at 50 medical device, drug and diagnostic companies. The pollsters found that slightly more than half (51 percent) expressed a favorable opinion of the Food & Drug Administration’s performance, but that high-profile drug recalls had damaged confidence in the watchdog agency.