In September 2022, the US President re-authorized the Generic Drug User Fee Amendments (GDUFA). This new iteration is known as GDUFA III and takes effect from October 2022 to September 2027.1
Originally signed in 2012, the GDUFA was created to improve both accuracy and efficiency in drug development, while providing innovative methodologies and improving communication between industry, regulators, and the public. All generic drug manufacturers, including those manufacturing active ingredients only, are required to submit tiered user fee(s) to the US Food and Drug Administration (FDA) that will in turn support critical program functions, research, regulatory assessment and education via public workshops, online education, and other modalities.
In the fiscal year 2023, fee revenue amount for GDUFA III is $582,500,000.2 One of the uses of this revenue is to fund the science and research program for generic drugs, which provides critical insights to enable drug manufacturers to move their products faster from drug development to obtaining regulatory approval.3
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