00:00The Food and Drug Administration of the FDA shared their successes in 2024 and plans for 2025. Here are the details.
00:12Cheap medicine, cooperation with micro, small, and medium enterprises, and ease of doing business.
00:17These are just a few of the things that the Food and Drug Administration shared in the Bagong Pilipinas Ngayon program
00:21for their successes in 2024 and plans for 2025.
00:26According to the FDA Director General, Dr. Samuel Zacate,
00:29one of the biggest agencies is the ones that are more controlled by the police,
00:33such as expanding the validity of the license to operate,
00:36where the previous 3 years initial and 5 years renewal is now 6 years initial and 12 years renewal for distributors,
00:42manufacturers, and importers, while the MSMEs can apply for 3 years initial and 6 years renewal for their businesses.
00:49We will give more stability for the stakeholders and the company for their product and for their operations
00:55to be more continuous on top of our mandate to safeguard the public health through post-marketing survey because we are inspecting that.
01:02These are the initiatives of the agencies for micro, small businesses, local governments,
01:08academies, and cooperatives across the country.
01:10According to the orders of President Ferdinand R. Marcos Jr. and his marching order to the FDA
01:15to promote the existence of their own hub for the medical manufacturers of pharmaceutical and medical devices.
01:24We also top one of the PESA declared zone which is in Victoria, Tarlac.
01:28We also have the office there and laboratory that is ongoing construction.
01:33It will be built for this year. It will be completed hopefully by this year.
01:37And we will launch eventually the ribbon cutting of the first ever Pharma Dev Zone.
01:42And that will only happen during the time of President Marcos.
01:45The FDA has also increased the speed of the regulatory process for pharmaceutical exports and active pharma ingredients
01:51to speed up the approval of safe drugs.
01:54Meanwhile, the FDA is now pushing the implementation of counterfeit drugs along with its initiatives
01:59to make the cosmetic industry in the country more vulnerable.
02:02From PTV, Joshua Garcia for Panbansa News.
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