FDA Announces Prescription Drug User Fee Rates for Fiscal Year 2002

Summary

The Food and Drug Administration (FDA) has set the rates for prescription drug user fees for fiscal year 2002, following the Prescription Drug User Fee Act of 1992 (PDUFA) and the Food and Drug Administration Modernization Act of 1997 (FDAMA). The fees are calculated to approximate FDA's estimated revenues from applications, with total revenues fluctuating based on the number of fee-paying applications received.