false positive rate 27.9% means: if the drug is not effective (at all), there is 27.9% probability that the drug would be approved by FDA.
Per the paper, for drug application to treat pancreatic cancer, the threshold should be lowered to 27.9%. In other words, if a company wants to make money, it can randomly pick 4 non toxic compounds, and apply for FDA…
Without FDA, consumers would be flooded with misleading drug ads and waste lots of money on ineffective drugs. US is really lucky to have FDA.
false positive rate 27.9% means: if the drug is not effective (at all), there is 27.9% probability that the drug would be approved by FDA.
Per the paper, for drug application to treat pancreatic cancer, the threshold should be lowered to 27.9%. In other words, if a company wants to make money, it can randomly pick 4 non toxic compounds, and apply for FDA…
Without FDA, consumers would be flooded with misleading drug ads and waste lots of money on ineffective drugs. US is really lucky to have FDA.