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Regulatory Cooperation in TTIP

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Presentation on theme: "Regulatory Cooperation in TTIP"— Presentation transcript:

1 Regulatory Cooperation in TTIP
Sergio Napolitano EGA Legal Affairs & Trade Director 2 July, Brussels

2 EGA Vision 2020

3 Regulatory Cooperation to Spur Trade & Investments
Global markets but local policies and rules Reinforce regulatory cooperation to stimulate jobs & growth Reduce scientifically unjustified burdens / duplications / divergences Apply good regulatory practices

4 TTIP Chapter on Regulatory Cooperation
Regulatory Compatibility: Early info on planned acts Planned stakeholders consultation Regulatory Cooperation Body Involvement of stakeholders, also sectoral International regulatory cooperation Joint approaches in Int’l fora Promote highest regulatory standards globally Need coherent EU trade policy

5 TTIP & Generic and Biosimilar Medicines
Alignment on Biosimilar Medicines Results already tangible First Biosimilar approved in US 75% EU Biosimilar applications Alignment on Complex Generic Medicines Mutual Recognition of GMP Inspections

6 The Benefits: Patients – Industry – Regulators - Govts
Removal of unethical duplication of unnecessary clinical trials Reduction of development costs for the industry Opportunity to invest potential savings into new medicines Faster & increased access to high quality generic & biosimilar medicines for patients More sustainability of healthcare systems Promotion of the highest standards globally Sharing of scientific knowledge between regulators More power to regulators: legal authorisation (not obligation) to use/share data and requirements when assessing medicines or inspecting sites Reduction of duplicative workload for industry and regulators More efficient use of resources Potential for global cooperation

7 Thank you ! Contacts: Sergio Napolitano


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