Article | July 17, 2024

Bringing A Product To Market In The EU: PV Considerations For Non-EU Companies

Source: Cencora
GettyImages-1132960495 EU European Union flag

Navigating the European Union’s pharmaceutical market presents a unique challenge for non-EU biopharmaceutical companies seeking to launch their products. Unlike the streamlined regulatory processes they may be accustomed to, entering the EU demands a nuanced understanding of pharmacovigilance (PV). While centralized approval from the European Medicines Agency (EMA) is pivotal, compliance with varied local safety reporting requirements across the EU’s 30 countries can be intricate and demanding. Each member state operates under its own regulatory agency, complicating the landscape for market authorization and ongoing PV obligations.

For companies versed in single-agency frameworks like the FDA or PMDA, the EU’s decentralized approach can be unexpected. Successful market entry hinges on meticulous planning, from selecting the appropriate authorization pathway—be it Centralized, Mutual Recognition, or National Procedures—to establishing robust PV systems tailored to local nuances.

This article explores key considerations and strategic approaches essential for navigating these complexities, ensuring compliance, and optimizing market access in this critical global arena.

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