Revised: 18 April 2013
18 April 2013
Hon Tony Ryall
Minister of Health
A new streamlined process for assessing medicines sold over the counter takes effect this week marking a major step towards establishing a single Trans-Tasman regulatory agency for therapeutic products.
New Zealand Health Minister Tony Ryall and Australian Parliamentary Secretary for Health and Ageing,
Shayne Neumann made the announcement today.
"For the past 18 months regulators, industry and consumers on both sides of the Tasman have been working together to streamline and harmonise processes for approvals for over-the-counter (OTC) medicines,” Mr Ryall said.
“The common approach to processing applications for medicines sold over the counter signals a significant step towards establishing the new agency."
“These reforms introduce more predictability for companies wishing to supply OTC medicines in Australia and New Zealand,” Mr Neumann said.
“The new processes are largely administrative but will lead to greater transparency and a faster process without compromising the level of scrutiny applied to ensure OTC medicines meet the exacting standards expected by all consumers.”
Other progress towards the joint Australian and New Zealand Therapeutic Products Agency includes: