H.R.6 to Rock the World of Life Sciences
On July 10th, 2015, the U.S. House of Representatives passed a new piece of legislation, H.R.6 (by a vote of 344 to 77). H.R.6, or the 21st Century Cures Act, was received by the Senate on July 13th, 2015. The Act was then referred by the Senate to the Committee on Health, Education, Labor, and Pensions (HELP) and is still under review.
So you might be asking, “What is the 21st Century Cures Act?”. In addition to other initiatives, the main goal of the 21st Century Cures Act is to expedite the rate at which the U.S. FDA approves new medications and devices for ailments that currently lack known cures. One of the largest functions of the Act is to provide several billion additional dollars in funding to NIH over the next few years. The Act also proposes changes to the way that protected health information and biomarkers can be used in the FDA's approval processes.
The 21st Century Cures Act appears to be causing... Read more
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