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Innovative Drug Policy

Meaning

A forward-looking, regulatory, and legislative framework designed to accelerate the development, review, and market access of novel therapeutic agents, particularly those addressing unmet medical needs or representing significant advancements in treatment. This policy often includes mechanisms like fast-track designation, conditional approval pathways, and incentives for research and development in complex areas such as personalized medicine and hormonal therapeutics. Its purpose is to foster innovation while maintaining rigorous standards of safety and efficacy.