The US Food and Drug Administration, at a public meeting on Friday, issued a document that contains the performance goals and procedures for the Prescription Drug User Fee Act (PDUFA) reauthorization for fiscal years (FYs) 2018-2022, known as PDUFA VI. It is commonly referred to as the “goals letter” or “commitment letter.”
The current legislative authority for PDUFA expires in September 2017. Without new legislation, the FDA will no longer be able to collect user fees for future fiscal years to fund the human drug review process.
The new proposal aims to make the FDA’s funding more predictable, and is expected to slow the rate of increase on user fees. As a result of changes in the way the FDA's workload and costs are measured, the annual increase in user fees is expected to slow to 2%-4% during PDUFA VI from about 11% in FY2016.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze