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FDA Backlog Leaves Biotech Stocks in Limbo

Stock quotes in this article: CRME , CEPH , GILD , AMAG , DSCO , IDEV , BIIB , JNJ , DNA  

The most important thing coming out of the U.S. Food and Drug Administration these days is what's not coming out of the agency.

I'm talking about on-time delivery of drug approval decisions.

Top brass at the FDA have given drug reviewers permission to slow down decisions on new drugs. The move comes after the FDA has already missed drug approval deadlines because of a lack of resources -- i.e., too few drug reviewers handling too many drug reviews. ...

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