China to reform approval system for drugs and medical instruments

19 August 2015

According to a guideline issued by China’s State Council on August 18, China aims to set up a more scientific and efficient system to ensure the safety and quality of medicines and medical instruments that come into the market, by reforming its appraisal and approval system for such products.

The relevant authorities will make efforts to strike a balance between the number of registration applications received and those that are approved by the end of 2016. They will also ensure that, by 2018, every application will be approved or rejected within a certain time limit.

“Our attitude is very clear, we welcome innovative drugs to China, to come early, the sooner the better,” Wu Zhen, vice minister of the China Food and Drug Administration, said at a press conference in Beijing reported by Bloomberg.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK





Today's issue

Company Spotlight





More Features in Pharmaceutical