The problem with such an approval given is that it will further accelerate the already unsustainable medical inflation in the US and add more financial devastation for normal middle class American citizens.
Currently, the US medical system is run almost exclusively by private sector hospitals whose revenue are heavily reliant on reimbursements by medical insurances.
It’s OK if this was some alternative therapy that is open solely for the rich who can afford to pay US$56,000 per year to give it a shot, but when it becomes a formally approved drug claimable by insurance, medical claims would escalate significantly impacting loss ratios and ultimately everyone ends up paying even higher medical premiums for something that has no evidence of working.
This whole unbridled “free market” medical system plus insurance is how the US healthcare came to the decrepit state it is today. While the very rich who can afford do get the best treatments the world has to offer, the vast majority of the middle and lower class are either paying through their noses for extremely exorbitant medical insurances and deductibles or worse still drop out of the system and have to give up treatment options.
Just as a rough comparison, in Singapore let’s say if you are a relatively healthy 40 year old adult without congenital conditions, you only pay around S$1.2-1.5k (Medisave + Ridershield) a year for a top end integrated as charged plan for private hospitals. The same plan in the US would cost approximately US$400 per month which works out to about S$6.5k a year. Most middle class PME Americans cannot afford that and usually go for lower end plans with lower limits, more restrictions and high deductibles. Even then they aren’t cheap ~US$200 – US$250 per month.