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Biotech Stocks Facing FDA Decision In December 2020

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Introduction
Introduction

December, the last month of the year and the first month of winter, is all set to begin.

So far, 46 *novel drugs have secured the official stamp of FDA approval compared to 41 during the same period 2019. *Novel drugs are new molecular entities (NMEs) having chemical structures that have never been approved before.

With 59 approvals, the year 2018 holds the record for the maximum number of novel drug approvals. The only other time when the approval tally was above 50 was in 1996 – with 53 approvals.