Obama Proposes Funding Boost To Drug, Tobacco Oversight

Law360, New York (April 10, 2013, 8:16 PM EDT) -- President Barack Obama unveiled a budget on Wednesday that increases funding for the oversight of drugs, medical devices and tobacco products and nearly doubles the tax on cigarettes.

The budget allots $4.7 billion to the U.S. Food and Drug Administration for fiscal year 2014, a $821 million increase over fiscal year 2012, the agency said. More than half of that total, $2.6 billion, is reserved for drugs, devices and biologics, an increase of $456 million over 2012.

The budget includes the drug and device user fees...
To view the full article, register now.