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USC School of Pharmacy Establishes International Center for Regulatory Science
Date:11/8/2011

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 ul
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SOURCE USC School of Pharmacy
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