From DCAT Value Chain Insights (VCI)
The US Food and Drug Administration (FDA) is requesting a budget of $4.9 billion for fiscal year (FY) 2016, a 9% increased over the enacted budget for FY 2015. The overall request includes $147.7 million in budget authority for initiatives tied to several key areas, including the implementation of the FDA Food Safety Modernization Act and the management of critical medical products issues.
“This budget accurately reflects the challenges FDA faces in a global regulatory environment, which is becoming increasingly complex and scientifically demanding,” said FDA Commissioner Margaret A. Hamburg in an agency statement. “As FDA’s mission expands on several fronts––from the regulation of tobacco products to supporting the development of personalized medicine to ushering in a new era of food safety––we must possess the resources to run a modern agency that fosters innovation and ensures the safest possible drug and food supply for the American people.”
Highlights of the FDA FY 2016 budget include:
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