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Article: FDA ANNOUNCES INITIATIVE TO BOLSTER GENERIC DRUG PROGRAM
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 5, 2007
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The U.S. Department of Health & Human Services' Food & Drug Administration issued the following press release:
The U.S. Food and Drug Administration today outlined a program aimed at increasing the number and variety of generic drug products available to consumers and health care providers. Generic drugs generally cost less than their brand-name counterparts and competition among generics has been a key factor in lowering drug prices. The Generic Initiative for Value and Efficiency, or GIVE, will help the FDA modernize and streamline its generic drug approval process.
The agency approved or tentatively approved a record of 682 generic drugs products in fiscal year 2007, over 30 ...