Reference no: EM133393629

Question

Feel Good Pharmaceutical is a licensed drug manufacturing company that performs research and supports policies that advance medical innovation and access. In their annual meeting with the board, the regulatory think tank group reported that the research and development department requires a new strategy to reduce patient mortality and at the same time increase market share.

One approach is for the R and D department to target investigative therapies to patients. As part of this new proposed strategy, Feel Good Pharmaceutical needs to engage with patient communities to conduct research and drug testing. However, the current regulations mandated by Public Health include elaborate processes and guidelines that is very time consuming and can delay drug testing, research and can cost a lot of money before final approval is granted for testing on patients. Please answer one of the following questions in an essay format:

What are the impacts and constraints of regulations on Feel Good Pharmaceutical?