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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.