Regulatory Oversight and Compliance

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On July 9, 2012, Congress passed the Generic Drug User Fee Act in an effort to expedite the process of bringing generic drugs to market. The Act authorizes the collection of user fees from generic-drug manufacturing companies for the first time in the industry's history.

Careful attention to detail will help to prevent valuable assets from "melting" away.

The European Medicines Agency's Committee for Orphan Medicinal Products made recommendations for nine orphan drug designations during its June 2012 meeting. Included in COMP's recommendations were four designation applications for rare forms of lipodystrophy.

New price-control policy has domestic and global firms waiting on the sidelines to launch products.

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All Eyes Alert

It's better to catch costly mistakes in the laboratory before they reach the accounting department.