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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 n…

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.