FDA Unveils New Fee Proposal For Drug Reviews

Law360, New York (September 1, 2011, 8:23 PM EDT) -- The U.S. Food and Drug Administration published a draft proposal Thursday promising it would review new drugs more quickly under a reauthorized Prescription Drug User Fee Act in exchange for a reported 6 percent increase in fees on drugmakers.

An FDA spokeswoman said the proposal would boost drugmakers' user fees by about 6 percent, which would create an estimated additional $40.4 million in revenue for fiscal year 2012, The Associated Press reported.

Enacted in 1992, the PDUFA allows the FDA to charge fees to manufacturers of...
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