India Pharma Outlook Team | Friday, 19 January 2024
The Union Cabinet has adopted separate memoranda with Ecuador, the Dominican Republic, and the Netherlands regarding cooperation in the area of medicinal product regulation. The three Memorandums of Understanding (MoU) signed by the Central Drugs Standard Control Organization (CDSCO) of the Health Ministry and the corresponding regulatory bodies of the three nations were reported to the cabinet, which is presided over by Prime Minister Narendra Modi.
The MoU between the CDSCO and the Directorate General for Medicine, Foods and Sanitary Products Organizations of Ministry of Public Health and Social Assistant of Dominican Republic was signed on October 4 last year, as per economic times.
The Memorandum of Understanding (MoU) reportedly facilitates communication between regulatory organizations and addresses the problem of expired and counterfeit medications being sold internationally.
Convergence in regulatory norms may contribute to an increase in the export of medications from India and, as a result, job prospects for educated individuals in the pharmaceutical industry. On November 7, 2023, the CDSCO and the Dutch Ministry of Health, Welfare, and Sport signed a Memorandum of Intent (MoI).
The MoI aims to create a framework for collaboration and information sharing in areas pertaining to the regulation of medical products. Based on the release, the Memorandum of Understanding (MoI) between the regulatory bodies of the two nations will promote a better understanding of medical product regulation with relation to pharmaceuticals, biological products, medical devices, and cosmetics.
On November 7 of last year, the CDSCO and Doctor Leopoldo Izquieta Perez of Ecuador's Agencia Nacional de Regulaction, Control Y Vigilancia Sanitria, or ARCSA, signed a memorandum of understanding.