Faster ap­proval process for in­no­va­tive drugs

China Daily (Canada) - - BUSINESS -

Drug reg­u­la­tors will speed up ap­provals for in­no­va­tive drugs for ma­jor diseases as well as those on the list of theN­ational Science and Tech­nol­ogy Re­search Pro­gram, ac­cord­ing to the 28th Chi­naMedicine In­dus­try De­vel­op­ment Sum­mit Fo­rum. In the next fewyears, the phar­ma­ceu­ti­cal in­dus­try’s growth will likely slow to around 10 per­cent. But, de­mand for drugs won’t slow, ex­perts said. So, faster ap­provals and pro-in­dus­try poli­cies can help make in­no­va­tive medicine the main in­vest­ment area in medicine, they said.

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