The pharmaceutical industry has submitted almost 2,000 drugs per year to the U.S. Food and Drug Administration between 1995 and 2005, and the approval rate is close to:

Question

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The approval rate is close to 3.3% because the pharmaceutical industry has submitted almost 2,000 drugs per year to the U.S. Food and Drug Administration between 1995 and 2005, and only about 66 drugs were approved each year.

The Pharmaceutical Industry Has Submitted Almost 2,000 Drugs Per Year