FDA Grants NIPTE $35 Million to Reform Drug Manufacturing Process

The U.S. Food and Drug Administration has awarded the National Institute for Pharmaceutical Technology and Education a grant worth up to $35 million over the next five years to improve drug manufacturing standards, according to a news release.

The goal of the grant is to cut healthcare costs, create jobs in the U.S. and improve drug safety. The current cost of bringing a drug to the market is upwards of $1 billion, and drugs and drug ingredients are increasingly imported. NIPTE is a non-profit organization with 10 member universities that conducts research and education in pharmaceutical product development and manufacturing.

Related articles on FDA:
3 Institutions Receive $5M From FDA to Develop Pediatric Devices
FDA Clearance of Pediatric Face Mask Earns Approval From Leading Healthcare Organizations
FDA Approves Wireless Version of Smiths Medfusion Syringe Pump


Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Whitepapers