Mexico, Colombia and Cuba, are moving ahead with plans to create a new Latin American and Caribbean Medicines Agency that would work towards regulatory convergence as a means of improving access to medicines and stimulating innovation, said regulators from the three countries. The pharmaceutical industry is in support of a new agency and says it would like to see a new regional body follow in the model of the European Medicines Agency.
Cofepris, Invima and Cecmed, the respective regulatory agencies from Mexico, Colombia and Cuba, made the announcement in a recent statement following a meeting between the directors of the three bodies