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Benzinga
Benzinga
Business
Ananya Gairola

Palantir Co-Founder Joe Lonsdale Wants A FDA Overhaul With Special Forces-Style AI Team Because China Is Racing To Outpace US In Biotech

Joe Lonsdale FDA United States China Special Forces Nasdaq Palantir Technologies Inc the Food and Drug Administration Sarepta Therapeutics
Silver,Spring,,Md,,Usa,-,June,25,,2022:,The,Fda

On Monday, Palantir Technologies Inc. (NASDAQ:PLTR) co-founder Joe Lonsdale urged a tech-driven transformation of the Food and Drug Administration, warning that bureaucratic inertia is putting the U.S. behind China in the biotech race.

What Happened: In a blog post, Lonsdale said the FDA's current systems are "sluggish" and outdated, slowing drug approvals and hampering innovation.

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