HCM CITY – Greater convergence among APEC members’regulatory systems for medical products is expected to improve public safety and patient access to life-enhancing medical products, experts said at a forum at the APEC Senior Officials Meeting (SOM-3) held in HCM City on Friday. A strategic framework for regulatory convergence for medical products by 2020 is expected to achieve greater uniformity within APEC. It would facilitate exchange of information among regulators to improve safety and efficacy of medical products, create more efficient regulatory processes, and align regulatory requirements to promote public health and innovation. Each economy will determine the level of convergence it desires, develop specific strategies to promote regulatory convergence, and set a timetable in the context of its own regulatory system and socio-cultural objectives. While each economy may adopt each phase in its own timeframe, the ultimate aim is for APEC economies to achieve maximum regulatory convergence by 2020.

Source: Viet Nam News August 18, 2017 14:03 UTC