OTC labeling regs packaging changes would cost industry over $1 bil., NDMA estimates.
This article was originally published in The Tan Sheet
Executive Summary
OTC LABELING PACKAGING CHANGES WOULD COST INDUSTRY OVER $1 BIL., NDMA estimates in comments on FDA's proposed labeling requirements for OTC drugs submitted to the agency Oct. 6. Citing the "substantive" labeling requirements being proposed, the Nonprescription Drug Manufacturers Association says in addition to labeling changes, physical alterations to the packaging of a large number of products would be necessary to comply with the reg. Based on a survey of its members, NDMA estimates the total cost to industry of changing packaging to accommodate the proposed rule would surpass $1 bil.