Sunday, November 23, 2014

Follow us:
Follow us on Facebook Follow us on Twitter Subscribe to this news feed 

News

McCaul's 'Creating Hope Act' signed into law

  • Text size: + -
TWC News: McCaul's 'Creating Hope Act' signed into law
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.


Congressman Michael McCaul is celebrating President Obama’s signing of a law he authored to help sick children.

McCaul co-sponsored the “Creating Hope Act." The law creates federal incentives for pharmaceutical companies that develop drugs to treat rare childhood diseases like sickle cell anemia and cancer.

According to McCaul, the drug industry has stalled its creation of these medicines because other, more widely used drugs are more profitable.

"We do a lot of stuff up here that quite honestly doesn't mean a whole lot. This is something that I think will make a difference in the lives of children," McCaul said.

McCaul says that since 1980, the Food and Drug Administration has approved only one new drug to treat childhood cancer.

Under the law, companies that develop drugs to treat pediatric illnesses will receive vouchers to help speed up the approval process for their more profitable drugs.

The law will go into effect in 90 days.

10.11.12.248 ClientIP: 54.167.179.48, 23.15.9.60 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP