Final answer:
The claim that a pharmacy can handle expired controlled substances if the FDA has not received the pharmacy registration renewal is false. The FDA's regulatory role ensures medication safety but may also lead to delayed access to new drugs for patients and high compliance costs for pharmaceutical companies.
Step-by-step explanation:
The statement about a pharmacy's authority regarding controlled substances past their expiration date is false. Pharmacies are required by law to maintain current registration with the Food and Drug Administration (FDA) in order to handle controlled substances. If the registration renewal has not been received by the FDA, it doesn't give the pharmacy license to handle expired controlled substances. The expiration date of a controlled substance is an indicator of the substance's safety and efficacy, and using medication past this date is not advisable nor legal.
Regarding the regulation of medicines, the FDA plays a critical role in ensuring that medicines are safe and effective for public consumption. The winners in this regulatory system are consumers who are safeguarded from potentially harmful drugs. However, the losers could be patients who may experience delayed access to new therapies due to the lengthy and rigorous process of drug approval, as well as pharmaceutical companies who incur high costs and potential losses associated with in-depth testing and regulatory compliance.