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FDA to Collect $1.2 Billion in User Fees

FDA to Collect $1.2 Billion in User Fees

WASHINGTON—President Bush has signed legislation that reauthorizes the Prescription Drug User Fee Act (PDUFA), first enacted in 1992 to speed up the FDA’s processing of new drug applications. PDUFA III is the second 5-year extension. It authorizes collection of $1.2 billion in user fees in the next 5 years from companies submitting NDAs.

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