7 Key Challenges in Regulatory Affairs in Pharmaceutical Industry in Hong Kong & Practical Solutions
Hong Kong's pharmaceutical industry operates under a well-established but complex Regulatory framework. As companies strive to introduce innovative therapies and maintain compliance, they often encounter multiple hurdles in the realm of pharmaceutical industry Regulatory affairs. Below are some of the key pharmaceutical Regulatory challenges faced by companies in Hong Kong—along with practical solutions to help navigate them effectively. 1. Lengthy Registration Process Challenge: The process of registering pharmaceutical products can be time-consuming, with companies often waiting several months for a "change of particular" approval. This can delay the introduction of new drugs to the market and the updating of existing product information. Solution: Engage local regulatory consultants early to streamline documentation and pre-empt common approval delays. Partnering with firms experienced in Regulatory affairs in the pharma industry can help avoid bottle...