LOS ANGELES, Nov. 8, 2011 /PRNewswire/ -- The School of Pharmacy at the University of Southern California has established the International Center for Regulatory Science to help assure that promising new medical products reach the marketplace faster—while also maintaining proper safety standards. The new Center's research is aimed at meeting the challenges caused by increasingly complex regulations that result from rapid changes in technology and economic globalization.
"During my recent visit to universities in Asia, several academic leaders noted USC's preeminent reputation in the study of healthcare management and regulatory policy, specifically the regulatory science program and the USC Schaeffer Center for Health Policy and Economics," notes USC provost and senior vice president for academic affairs Elizabeth Garrett. "The new International Center for Regulatory Science further solidifies USC's commitment to transnational collaboration focused on the safety and effectiveness of medical products, practices, and devices that enhance the well-being of our global community."
Many pharmaceutical and medical device companies face cost constraints that have only been tightened by the economic crisis. And, unfortunately, agencies such as the FDA are threatened with budget cutbacks. Although the FDA collects fees from the pharmaceutical and medical device industries to review their products for approval, it also receives federal funding. Cutbacks to the FDA might have the perverse affect of worsening the agency's response time for reviewing much-needed products.
"The Center's main goal is to help ensure medical products are made faster, safer and better," explains Frances Richmond, the Center's director and a USC School of Pharmacy professor. "We're concerned with the successful transition from laboratory discoveries to the ultimate outcome of a patient's treatment."
Dr. Richmond and her collaborative team at USC believe the International Center for Regulatory Science's mission is vital, and the timing for its launch critical. The Center will work with companies to understand and improve best practices to help their FDA submissions proceed more quickly. The Center also will facilitate communication between industry and such government regulators.
"We'll work to understand the problems facing both sides—the regulator and the industry—that could become bottlenecks to product development," says Dr. Richmond.
Since the marketplace is now global, the Center will work not only with the FDA and U.S. companies, but with their counterparts around the world in increasing speed while ensuring safety for medical product marketplace. Memoranda of understanding with programs in China and Korea, as well as visiting scholar opportunities, complement exchange programs for students who are pursuing education in regulatory, quality and clinical sciences.
"The Center promises to be a proactive voice impacting how pharmaceutical and medical device products are brought to market," said School of Pharmacy Dean R. Pete Vanderveen. "The university offers tremendous collaborative opportunities, including our own Leonard D. Schaeffer Center for Health Policy and Economics that will surely work with Dr. Richmond and her group."
The Schaeffer Center will house the School's Quintiles Chair in Pharmaceutical Development and Regulatory Innovation which has been made possible by a gift from Quintiles. A search for the holder of this chair is currently underway, and collaboration with the eventual chair and the International Center for Regulatory Science presents unique opportunities for research.
The USC School of Pharmacy is well suited for such an enterprise, as the Center will build upon the School's longstanding leadership in regulatory science education. The School established the world's first doctorate in regulatory science and has a longstanding history of innovative educational programs, including a master's degree and several certificate programs.
About the USC School of Pharmacy
Founded in 1905, the University of Southern California School of Pharmacy pioneered the doctor of pharmacy degree, established the nation's first clinical pharmacy program, launched the first doctorate in regulatory science and remains an innovator in pharmacy education, research and patient care. Consistently the top-ranked private school of pharmacy by U.S. News and World Report, the School is second in the nation in total National Institutes of Health funding for pharmacy schools. The School also has helped transform the pharmacist's role from a traditional dispenser of medicines to a direct provider of patient care. The USC School of Pharmacy's three research centers serve to help further re-shape the future of the profession and the quality and cost-effectiveness of the nation's health care system.
|SOURCE USC School of Pharmacy|
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