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The Boston Globe

Business

FDA chief wary of US budget cuts

CAMBRIDGE — Food and Drug Administration Commissioner Margaret Hamburg told biotechnology executives Friday that her agency is working to speed up reviews of new drugs. But she said federal budget cuts could make that more difficult.

Hamburg said it was too soon to gauge the full impact of the mandatory US budget cuts under the sequestration process, which took effect March 1. But the FDA, like other federal agencies, is certain to be “significantly under the budget knife,” she said in a keynote address to an audience of more than 300 at the annual meeting of the Massachusetts Biotechnology Council.

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