FDA Food and Drug Administration Definition & Meaning | Health Care Term | CSIMarket
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Glossary

FDA Food and Drug Administration

Health Care Term

The Food and Drug Administration (FDA) is a regulatory agency of the U.S. federal government that is responsible for protecting public health by ensuring the safety, efficacy, and security of human and veterinary drugs, vaccines, medical devices, and other products.

The FDA is primarily concerned with the regulation of products that are marketed for human consumption or use, including prescription drugs, over-the-counter drugs, medical devices, biological products, and foods. The agency also oversees the safety and security of tobacco products, cosmetics, and dietary supplements.

In the healthcare industry, the FDA plays a vital role in ensuring that drugs and medical devices are safe and effective before they can be marketed to the public. The agency reviews new drug applications and conduct clinical trials to determine the safety and efficacy of drugs. In addition, the FDA sets standards for the manufacturing, labeling, and distribution of medical products.

The FDA also conducts inspections of manufacturing facilities to ensure that products are produced under safe and sanitary conditions and that they meet the agency*s standards for quality and safety. The agency has the authority to take regulatory action against manufacturers that fail to meet these standards.

Overall, the FDA is an important regulatory entity in the healthcare industry that ensures the safety and efficacy of drugs, vaccines, medical devices, and other products, ultimately protecting public health.


More Glossary Terms Beginning with F
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    A new order is a communication of an intention to buy for immediate or future delivery. Orders data are not collected from industries that have mostly immediate deliveries.
    Economy Term Letter: F
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    Manufacturers? shipments measure the dollar value of products sold by manufacturing establishments and are based on net selling values, f.o.b. (free on board) plant, after discounts and allowances are excluded. Freight charges and excise taxes are excluded. Where the products of an industry are customarily delivered to distributors or consumers by the manufacturing establishment (such as in certai
    Economy Term Letter: F
  • Factory Unfilled Orders
    Generally, unfilled orders at the end of an accounting period are equal to unfilled orders at the beginning of the period, plus new orders net of cancellations received during the period, less net sales. This includes orders that have not yet passed through the sales account and funded orders (or portions of orders) for which the value of work done has not been reported as sales.
    Economy Term Letter: F
  • Facultative Reinsurance
    The reinsurance of all or a portion of the insurance provided by a single policy. Each policy reinsured is separately negotiated.
    Insurance Term Letter: F
  • Fair Access to Insurance Requirements FAIR Plan
    The reinsurance of all or a portion of the insurance provided by a single policy. Each policy reinsured is separately negotiated.
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  • Fair Value
    The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
    Financial Term Letter: F
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    Federal National Mortgage Association
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    Financial Accounting Standards Board.
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  • Fast Track
    Fast track designation is granted to expedite the review process of applications for approval of new drugs intended to treat serious or life-threatening conditions where potential to address an unmet medical need is demonstrated.
    Health Care Term Letter: F
  • FDA Food and Drug Administration
    The Food and Drug Administration of the United States, which, among other functions, regulates medical devices and other therapeutic products used in the United States. The U.S. FDA ensures that medicines, medical devices, and radiation-emitting consumer products are safe and effective. Authorized by Congress to enforce the Federal Food, Drug, and Cosmetic Act and several other public health laws,
    Health Care Term Letter: F
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