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Friday, April 21, 2023 12:14:50 AM
MHRA to receive £10m from HM Treasury to fast-track patient access to cutting-edge medical products
HM Treasury has announced that the Medicines and Healthcare products Regulatory Agency (MHRA) will receive £10 million to help bring innovative new medicines and medical technologies to UK patients more quickly.
15 March 2023
A total of £10 million has been awarded to the Medicines and Healthcare products Regulatory Agency (MHRA) to help bring innovative new medicines and medical technologies to UK patients more quickly, HM Treasury has announced today. The funding will be used to accelerate routes for bringing innovative medical products developed in the UK onto the market, as well as those made and approved by other trusted regulatory partners globally.
The funding over the next two years will support development of a thorough but shortened process to speed up the approval process for cutting-edge treatments developed in the UK with the greatest opportunity to meet the UK’s healthcare priorities, such as cancer vaccines and AI-based therapeutics for mental ill-health.
It will also support the establishment of an international recognition framework, allowing the MHRA to?capitalise on the expertise and decision-making of trusted regulatory partners and provide patients?with fast-track access to best-in-class medical products that have been approved in other countries. . . .
https://www.gov.uk/government/news/mhra-to-receive-10m-from-hm-treasury-to-fast-track-patient-access-to-cutting-edge-medical-products
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