Pharma Can Expect Slow Reviews if FDA Budget Falls Off Fiscal Cliff

The FDA’s fiscal 2013 budget could be reduced by $318 million if Congress fails to agree to a deficit reduction plan by Dec. 31. The cuts would be implemented through a process known as sequestration, which automatically goes into effect if an alternative isn’t found to reduce the total government deficit by at least by $1.2 trillion as mandated by the Budget Control Act of 2011.
Drug Industry Daily