U.S. House Approves Bill to Speed New Drugs to Market

Jul 14, 2015

Reuters

The U.S. House of Representatives passed a bill on Friday to speed new drugs to market, according to a Reuters article. The House voted 344 to 77 in favor of the 21st Century Cures Act, which states the FDA has to streamline its drug approval process, consider more flexible forms of clinical trials and incorporate patient experience into its decision-making process.

Developed by the House Energy and Commerce Committee, the program would be funded by the sale of 80 million barrels of crude oil from the Strategic Petroleum Reserve over eight years.

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