from Part IX - Analysis of Particular Fields
Published online by Cambridge University Press: 07 May 2021
Abstract: The global pharmaceutical market is projected to approach $1170 billion by the year 2021; the US market alone currently accounts for 45 percent of the market, at nearly $500 billion. International legal frameworks share fundamental characteristics governing the development, evaluation, and approval of drugs and biological products, including clinical trials demonstrating safety and efficacy; good laboratory, clinical, and manufacturing practices; appropriate labeling; and robust reporting and post-market surveillance. This chapter explores regulatory compliance in the pharmaceutical industry drawing from recent scholarship, federal agency reports and materials, and publicly available corporate resources. Coverage will focus specifically on the US market, with general discussion of international trends as well.
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