New drugs will soon be available to patients

The Ministry of Health is proposing a reference mechanism to speed up the drug circulation registration process, while maintaining safety standards. This initiative is part of an amendment to the Pharmacy Law, which is expected to be reviewed and approved during the 8th National Assembly session in October 2024.

The Vietnamese population currently faces challenges in accessing new medicines compared to other countries, with only a small fraction of newly introduced drugs available locally. This limited access hampers treatment options, particularly for severe conditions like cancer, where only a few approved therapies are available.

To address this issue, the Ministry of Health is recommending a reference mechanism that can expedite the approval process for new drugs without compromising safety standards. This model has already been successfully implemented in several countries and has shown positive results in reducing approval times.

The proposed amendments also include provisions to streamline administrative procedures and regulate the operations of domestic and foreign enterprises in the pharmaceutical sector. These measures aim to ensure stable drug supply, reasonable prices, and quality standards, while incentivizing businesses to introduce innovative medications to Vietnam sooner.

Overall, the Ministry of Health’s proposed amendments seek to enhance access to advanced medicines, reduce treatment costs, and promote a robust pharmaceutical market in Vietnam that will attract medical tourism by enhancing the availability of advanced treatments.

By Sophia Gonzalez

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