ISPE Glossary of Pharmaceutical and Biotechnology Terminology

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Federal Trade Commission (FTC)

Set up in 1915 to restrain monopoly, the FTC monitored drug advertising from its inception until 1962, when the regulation of advertising of prescription drugs matter was transferred to the FDA. The FTC still regulates the advertising of over-the-counter drugs, with a few exceptions, notably aspirin. On food products, the FDA and the FTC have split responsibilities, with the FDA regulating food labeling and the FTC regulating food advertising.

Publication Source: Committees on Human Research

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