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As Japan's drug market widens, government eases restrictions

  • 1.  As Japan's drug market widens, government eases restrictions

    Posted 17-Apr-2019 14:36

    The Japanese government is beginning to ease restrictions on drug imports – speeding the review and approval of new products, improving the transparency of the process and widening access to medical data.

    A streamlined Ministry of Health, Labor and Welfare (MHLW) approval review system will mean that certain advanced pharmaceuticals will be subject to an abbreviated <g class="gr_ gr_24 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling multiReplace" id="24" data-gr-id="24">six month</g> approval process.

    The change is designed to address the needs of a pharmaceuticals market growing at <g class="gr_ gr_26 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-del replaceWithoutSep" id="26" data-gr-id="26">a breakneck</g> <g class="gr_ gr_27 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-del replaceWithoutSep" id="27" data-gr-id="27">speed,</g> and to hasten innovation in an aging society. Several recent reports project the 2019 pace of growth in Japan as faster than any other mature market in the world for solid dose drugs, and the second fastest for biologicals growth.

    About Pacific Bridge Medical

    Pacific Bridge Medical (PBM) was founded in 1988 to help international medical companies solve their most complex problems while doing business in Asia. Since then, PBM has assisted hundreds of healthcare companies with regulatory issues in Asia. We provide our services to all types of medical firms, including medical device, IVD, pharmaceutical, and API.

    Ames Gross
    Pacific Bridge Medical
    Bethesda, MD