Gottlieb to run the FDA

Modern Healthcare: Dr. Scott Gottlieb, who has often said red tape hampers competition in the pharmaceutical market, has been nominated to be the nation's top federal regulator of drugs and devices.

The White House Friday announced that President Donald Trump was choosing Gottlieb, who has strong ties to Wall Street and the pharmaceutical industry, to lead the U.S. Food and Drug Administration.

Trump has said he wants to expedite what he calls the "slow and burdensome" approval of drugs and devices at the FDA, which regulates everything from pharmaceuticals to electronic cigarettes. Gottlieb has generally supported loosening the agency's oversight of wearable devices and smartwatches.

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