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FDA Reauthorization Act aims to lower costs of ‘overpriced’ generic drugs

13:41 EDT 22 Aug 2017 | Healio

The long-term effects of the FDA Reauthorization Act of 2017 — signed into law by President Donald J. Trump on Monday — may include savings in drug-related Medicare expenses due to increased competition encouraged by the FDA by fast-tracking generic competitor approvals, according to an expert.“All things considered, this bill is mostly a good thing,” David Gortler, PharmD, FCCP, a professor of pharmacology and biotechnology at the George Washington School of Medicine & Health Sciences and a pharmacology and drug safety expert with the consulting group FormerFDA.com told Healio.com. “It has been praised by several long time FDA officials and seems to give the FDA more power in several areas. Even President Trump's most vigilant detractors will be hard-pressed to find faults with the FDA Reauthorization Act.”

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