Reports: Administration budget seeking $4.7 billion for the Food and Drug Administration

WASHINGTON — The administration is seeking $4.7 billion for the Food and Drug Administration, representing a 6.8% increase, according to a report published Tuesday by the Washington Post. 

According to the report, the budget includes $25 million to register and inspect large-scale compounding pharmacies.

“This is really quite a positive outcome for the FDA in this tight budget environment,” said FDA Commissioner Margaret A. Hamburg the Post reported. “I consider the additional funding for the agency to be a tribute to the important work the FDA performs on behalf of the American people, the hard work and dedication of FDA employees, and our ability to meaningfully demonstrate the value of our work to stakeholders.”