In the dynamic landscape of pharmaceutical regulations, data privacy and security stand as formidable pillars of compliance. With the growing emphasis on safeguarding sensitive information, pharmaceutical companies face the dual challenge of meeting stringent regulatory requirements while ensuring data integrity and confidentiality.
The global race to bring new drugs and medical devices to market has fuelled the rise of parallel submissions – a strategy where companies file applications with Regulatory agencies in multiple countries concurrently. A recent study by Tufts Center for the Study of Drug Development found that parallel submissions for new drugs can reduce approval timelines by an average of 9 months. While this approach offers faster approvals and wider reach, navigating the unique landscape of each region is crucial.
The life sciences industry is ever-changing and evolving. It’s the same in the year 2018. A lot of mandatory changes have been made to the regulations, and a lot of guidance documents have been released pertaining to the best Regulatory practices of consumer healthcare, medical devices, pharmaceuticals, which are expected to impact the industry in a positive way.
