FDA broke monthly generic drug approval record in July

The Food and Drug Administration approved or tentatively approved a record 126 generic drugs in July, the agency reported Thursday, an indication that Republicans are getting the faster approvals they have sought.

The agency approved 96 generic drugs and gave a tentative approval to 30 more in July, according to monthly data. Greater generic competition with pricier brand-name drugs is often thought to be a critical factor in improving drug prices.

FDA Commissioner Scott Gottlieb tweeted on Thursday that the total was the highest monthly amount ever in the history of the generic drug program.

[Previous coverage: FDA to call out brand name drug companies that block generics]

The Trump administration and congressional Republicans often argue that greater generic competition will lower prescription drug prices.

[Also read: Trump teases announcement that will lower prescription drug prices]

Generic approval times have lowered in recent years in part due to the installation of a user fee program through which generic drug companies pay the FDA every time they submit a new application for approval. The FDA in turn uses that money to hire new staff and improve the drug approval process.

The FDA has a goal to review all generic drug applications within 10 months of submission to the agency. Before the first user fee program was implemented in 2012, the agency previously had a backlog of more than 10,000 applications awaiting approval.

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