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‘Usually everybody loves money’: Trump’s FDA chief to start giving bonuses for faster drug reviews

Fortune Crypto|Catherina Gioino|March 5, 2026 at 03:43 PM

Image via Fortune Crypto

🤖AI Summary

Trump's FDA chief plans to implement bonuses to accelerate drug approval processes, aiming to reduce approval times from up to 29 months to as low as 6 months. This comes after the FDA lost approximately 20% of its workforce following Trump's presidency.

Key Takeaways

→The FDA experienced a 20% workforce reduction after Trump took office last year.
→New bonus incentive system aims to motivate faster drug review processes.
→Target is to reduce drug approval timeframes from 29 months to potentially 6 months.
→The initiative represents a significant shift in FDA operational approach under Trump's administration.
→Faster approvals could accelerate pharmaceutical industry development cycles.

#fda #trump #drug-approval #healthcare #regulation #pharmaceutical #government-policy

Read Original →via Fortune Crypto

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