Global Perspective: The Importance of Understanding Regional Pharmaceutical Practices

The pharmaceutical industry is constantly evolving to combat persisting and newly occurring diseases worldwide, and the process to take life-saving drugs to market is complex.

Good business practices demand a working knowledge of regional processes, the efficacy of drug development requires, and a deep understanding of all influences on the industry.

But with new drugs hitting the market, the rise of new diseases, and changing regulations, it’s important that you stay up to date with the latest information and best practices.

In this article, we’ll touch on the basics you need to know when it comes to regional pharmaceutical practices.

Same Diseases, Different Approaches

It seems confusing and counterintuitive to address the same disease differently from country to country. However, understanding the nuance and variation in clinic approaches from companies at the country level is imperative.

Pharmaceutical training highlights how important it is to recognize one’s knowledge of available drugs and treatments only scratches the very surface of this industry. 

Regionally, there are specific health threats. However, more often than not, we see illnesses previously believed to be refined to certain areas transcend and become widespread.

Chagas is a great example of this. This disease was originally found in South America, Central America, and Mexico, but is now reaching as far as Japan, Australia, and the United States. 

Chagas is just one example of a disease that continues to spread. And when you consider the frequency of global travel and rising emigration rates from the most densely affected areas, it’s clear why regional information is critical to the process.

Dynamics of Healthcare in Top Markets

There is no way to fully separate socio-economic elements intertwined with the pharmaceutical industry regardless of location, but knowing what subtle differences processes have cannot be undervalued. 

Consider government relationships with medical companies in the EU versus the United States. Having a regulated universal health care system means that the government has a considerable say in what medical efforts receive the majority of funding for research and drug development (R&D).

Europe’s equivalent of the Food and Drug Administration (FDA) is the European Medicines Agency (EMC). The EMC does not have an autonomous say in approving the last stages of any given drug before it reaches commercialization, whereas the FDA does.

Possessing an understanding of healthcare systems in major markets is arguably the best way to provide insight into emerging healthcare trends.

Improve Industry Knowledge With Online Pharmaceutical Training 

Possessing knowledge of regional norms and regulations is imperative for success in the pharmaceutical industry. After all, the knowledge you know today may not be relevant in the future.

Online pharmaceutical training courses are a great way for companies to ensure staff is up to date on the latest trends, regional knowledge, and best practices. These courses are taught by experienced industry professionals and provide specialized knowledge and training on a wide variety of topics.

Keep Your Knowledge Up to Date With CfPIE

Are you looking for additional training for your teams? Whether you want to learn the latest FDA regulations, specialized regional information, or anything related to the pharmaceutical, biotech, medical device, and skin & cosmetics industries, CfPIE can help.

Recommended Courses

• The Drug Development Process from Concept to Market
• Comprehensive Overview of FDA Regulatory Compliance for Drug and Biotech Products
• Basic GMP Training for the QC Laboratory
• European Regulatory Procedures - EMA & National Requirements

CfPIE is the leader in life-science training courses, with over one hundred courses available worldwide. We offer our courses both in-person and virtually across North America and Europe. 

Gain the industry knowledge you need, bolster your preexisting knowledge, or learn new subject material with our CfPIE’s industry-specific programs. Sign up today to get started.