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Obama signs FDA user fee bill

Mon, 07/09/2012 - 7:20pm
Mass Device

President Barack Obama signs the Food & Drug Administration Safety & Innovation Act, enacting the doubling of the user fees medical device companies pay to have the FDA review their products.

MassDevice.com news

President Barack Obama put his pen to the Food & Drug Administration Safety & Innovation Act today, making it the law of the land that the user fees medical device companies pay to have the FDA review their products more than doubles.

The med-tech industry and the federal watchdog agency spent months hashing out the terms of the deal, which ultimately boosted the user fees from $295 million over 5 years to $595 million, in exchange for the FDA meeting performance goals.

The White House signed off on the agreement in March, setting the stage for wrangling in and between the House and Senate before the upper chamber approved a reconciled bill June 25.

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