Big Pharma

China's Drug Regulator Accelerates Innovation and Access to Novel Treatments

China's Drug Regulator Prioritizes Domestic Innovation and Faster Access to Foreign Drugs

China's National Medical Products Administration (NMPA), the country's top drug regulator, has announced its commitment to accelerating the development and market access of innovative drugs, both domestically produced and foreign. This initiative aims to address public demand for novel treatments while fostering domestic innovation in the pharmaceutical industry.

The NMPA reported approving 31 innovative drugs and granting market clearance to 46 innovative medical devices between January and August 2023. This represents a significant increase compared to the same period last year, demonstrating the agency's focus on promoting domestic research and development. Additionally, Chinese-developed novel medicines are gaining recognition in the global market, with some achieving market registration overseas.

Recognizing the importance of international collaboration, the NMPA is also expediting the introduction of novel foreign drugs to the domestic market. This includes streamlining the review process for innovative medications, reducing the approval time from 60 to 30 working days in select regions. Furthermore, the agency is promoting international multi-center clinical trials and facilitating simultaneous research and review of global drugs in China.

The NMPA is actively exploring segmented production of biological products and encouraging international drugmakers to transfer manufacturing capacity of novel and high-end medical products to China. This will further strengthen the domestic pharmaceutical industry and ensure access to cutting-edge treatments. Additionally, the agency continues to prioritize strict supervision of drug production, conducting over 21,000 spot checks on drug manufacturers in the first eight months of 2023, with a high pass rate of 99.43%.

Overall, the NMPA's initiatives demonstrate a comprehensive approach to fostering innovation, improving access to novel treatments, and strengthening the Chinese pharmaceutical industry.

Read-to-Earn opportunity
Time to Read
You earned: None
Date

Post Profit

Post Profit
Earned for Pluses
...
Comment Rewards
...
Likes Own
...
Likes Commenter
...
Likes Author
...
Dislikes Author
...
Profit Subtotal, Twei ...

Post Loss

Post Loss
Spent for Minuses
...
Comment Tributes
...
Dislikes Own
...
Dislikes Commenter
...
Post Publish Tribute
...
PnL Reports
...
Loss Subtotal, Twei ...
Total Twei Earned: ...
Price for report instance: 1 Twei

Comment-to-Earn

5 Comments

Avatar of Barrakuda

Barrakuda

Promoting research and development within China has the potential to yield groundbreaking discoveries.

Avatar of Evgen II

Evgen II

Stricter regulations are needed to prevent unethical production practices and ensure that animal testing standards are upheld.

Avatar of Barrakuda

Barrakuda

Faster access to foreign drugs should be the main focus, especially for life-threatening conditions where domestic equivalents don't exist.

Avatar of Evgen II

Evgen II

Promoting international multi-center clinical trials should not replace national safety assessments of foreign drugs.

Avatar of Barrakuda

Barrakuda

Supporting domestic innovation will ultimately decrease dependence on foreign medications and boost Chinese scientific progress.

Available from LVL 13

Add your comment

Your comment avatar