Sequester could cut access to medicines, cost 20K jobs

02/7/2013 | Hill, The · Hill, The

FDA operations will be limited by budget sequestration if lawmakers don't move to stop an 8.2% automatic cut before March 1, the consulting firm Avalere Health warned. "An underfunded FDA could lead to FDA review clocks being reset or delayed, which would affect a sponsor’s ability to obtain product approval -- thus delaying patient access to cutting edge medical innovations," Avalere's report said. Cutting the NIH's budget could cost the nation 20,500 life science jobs and $3 billion in economic activity, advocacy group United for Medical Research said.

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