WASHINGTON—President Donald Trump on Monday signed an executive order aimed at boosting domestic production of prescription drugs and reducing America’s dependence on foreign pharmaceutical supply chains.
The order directs the Food and Drug Administration (FDA) to streamline the approval process for domestic manufacturing facilities by eliminating unnecessary regulations and accelerating reviews. A key focus is cutting red tape within the permitting process of the Environmental Protection Agency (EPA).
Trump called the order “very important,” stating that he will make “a big announcement next week” related to pharmaceuticals.
According to a White House fact sheet, the EPA has been directed to expedite the construction of facilities involved in producing prescription drugs, active pharmaceutical ingredients (APIs), and other critical raw materials. The goal is to shorten the timelines for building new domestic pharmaceutical plants by reducing regulatory barriers….