The FDA is holding a hearing to discuss the regulation of homeopathic medicine. What has spurred this interest by FDA in homeopathy? Homeopathy has been quietly treating and curing patients for over 200 years. What’s new is that homeopathy is now a billion dollar business, with Americans now spending $3 billion annually to purchase homeopathic remedies. With a growth rate reported to be 7%, the FDA has taken note with new documents outlining the ways that homeopathic remedies can now be marketed. While still claiming that homeopathic remedies have no medicinal effect, the FDA seeks to crack down on over the counter homeopathic remedies as well as prescription homeopathics and the manner in which they are marketed. The FDA states, “ The Federal Food, Drug, and Cosmetic Act (the Act) recognizes as official the drugs and standards in the Homeopathic Pharmacopeia of the United States and its supplements (Sections 201 (g)(1) and 501 (b), respectively).”
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