FDA Seeks $87.4M Hike In Prescription Drug User Fees

Law360, New York (January 11, 2007, 12:00 AM EST) -- The U.S. Food and Drug Administration revealed Thursday that it intends to ask Congress to authorize an $87.4 million increase to its prescription drug user fee program in order to upgrade its drug safety program and increase the development of new medications in the coming years.

Prescription drug user fee programs, which require drug and medical technology firms to pay certain fees to the FDA, have to be reauthorized by Congress every five years. The current version is set to expire September 30, 2007.

If the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.