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That was when the FDA had a deadline, under the Prescription Drug User Fee Act, to let Pfizer know its decision on the drug.
FORBES: Pfizer Plays A Guessing Game
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Dyax submitted its reply on June 1, 2009, and the FDA set a decision deadline of December 1 under the Prescription Drug User Fee Act (PDUFA).
FORBES: How Long Will It Take For Arena's Obesity Drug To Be Approved?
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Instead, the Senate is going to vote soon on a bill that reauthorizes the Prescription Drug User Fee Act (PDUFA), which is set to expire later this year.
FORBES: PDUFA: One of Congress' most important health policy votes in 2012
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Since the advent of the Prescription Drug User Fee Act in 1992, biotech investors have come to expect the agency to be far more predictable than it actually is.
FORBES: Blindsided
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Drug safety legislation could be coupled to the re-approval of the Prescription Drug User Fee Act, a 1997 law that sped up drug approvals by getting drug firms to help pay for the process.
FORBES: Magazine Article
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Last time FDA had its budget clipped (by a much smaller amount) it used the shortfall as reason to back off some of its commitments under the Prescription Drug User Fee Act (PDUFA) to review applications on pre-determined timetables.
FORBES: Will Sequester End Drug Approvals? Not Unless White House Wants it to
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For several years, drugmakers have been paying fees when they file new drug applications that the FDA uses to pay its reviewers, under a law called the prescription drug user fee act, or PDUFA. In return, the FDA promises to deliver some decision--even if it's just "needs more data"--by a given date, called the PDUFA date.
FORBES: Medicine's Two-Headed Watchdog