FDA Sees Nanotech Challenges In Every Product Category 21
An anonymous reader writes "The Food and Drug Administration's Nanotechnology Task Force has passed on its first report into the ever-growing field of nanotech products. As a result, the FDA is implementing changes that will allow it to oversee nanotech products in every category withinin its purview. Nanotech products are 'estimated to grow to $2.6 trillion in manufactured goods globally by 2014. As the Task Force report highlights, nanotechnology impacts every area of FDA responsibility--drugs, drug delivery systems, cosmetics, medical devices, and food products. Overall, the agency regulates products that are worth nearly $1.5 trillion annually and that account for almost 25 percent of US consumer spending.'"
Re:Nanotech == Molecular == Already regulated (Score:2, Interesting)
Precautionary Principle (Score:2, Interesting)
The first is FDA or whatever Administration who has to approve it in other countries. The FDA in some way set the precedent so thats something you consider when you are testing a product to be approved in your country. "
Oh!! It was approved by FDA!! so it must be good"
As "maggard" said
In Europe they have something called "precautionary principle" is a moral and political principle which states that if an action or policy might cause severe or irreversible harm to the public, in the absence of a scientific consensus that harm would not ensue, the burden of proof falls on those who would advocate taking the action. http://en.wikipedia.org/wiki/Precautionary_princi
So this leads us to the second problem. Nanotechnologies are a trillion dollars industry, not bad for a newcommer. So what could happend if they they present false data or they put some pressure to the guys of the FDA or even to some congress men, to try to be a little more permisive on that matter. So it sets a precedent so any other Nanotech company will use to pushit even further. The company prefer to pay some millions in indemnification in the future to loose a trillion dollars market NOW.
The efect of the Nanotech are unknown as well as GMO. And not only in human beings, but any other living creature including vegetables.
It is a difficult choice but the peoples health must be first.
Re:Nanotech == Molecular == Already regulated (Score:3, Interesting)