World harmonization of drug approvals

Development of harmonized requirements for world drug registrations would be of considerable benefit to pharmaceutical companies and to patients for whom many drugs would be available much more quickly. 

The drug discovery and development process is a long and expensive one. A wide range of strategies may be adopted in the quest for identifying new therapeutic substances. Most biopharmaceuticals, however, have been discovered directly as a consequence of an increased understanding of the molecular mechanisms underlining how the body functions, in both health and disease. 

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