President signs FDA Reauthorization Act

President Trump Friday signed into law the FDA Reauthorization Act (H.R. 2430). The bill reauthorizes and amends four FDA user fee programs under which companies that develop drugs and medical devices partially pay for premarket review of their products. The bill also includes provisions intended to improve generic drug development and help lower prescription drug costs; improve the medical device inspection process; and improve communication about abuse-deterrent opioid products, among other changes.