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New Drugs Approved In June The process of drug development is challenging. Some drugs pass the FDA muster easily, while some face a host of hurdles before getting the official stamp of approval. As of this writing, 21 novel drugs have been approved by the FDA. Novel drugs are new molecular entities (NMEs) having chemical structures that have never been approved before. Now, let's have a look at the full list of drugs, including novel drugs, to have gained the regulatory nod in the U.S. in June.

Biotech Stocks Facing FDA Decision In July Updated

New drugs approved in May The bench to bedside journey of drugs is no easy task. Some drug candidates fail to complete the journey while many make it to the finish line only after undergoing numerous obstacles.

Growin' Like A Weed: These Are The World's 10 Biggest Marijuana Companies The marijuana industry is growing by leaps and bounds, making it one of the fastest growing industries on the planet. According to cannabis research firm ArcView and its research partner BDS Analytics, spending on legal cannabis worldwide is expected to reach $57 billion by 2027. The adult use, or recreational market, is expected to cover 67 percent of the spending, while medical marijuana will account for the remaining 33 percent. Canada legalized medical cannabis way back in 2001 and is home to many of the largest cannabis companies in the world. The federal government has announced plans to legalize adult use later this year, which would make Canada the first G7 country to federally legalize adult use.