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Singapore moves to accelerate healthcare innovations in push to be regional clinical research hub
SINGAPORE: Singapore aims to become one of the most trusted and efficient places in the region for clinical research and evidence generation, said Minister for Health Ong Ye Kung on Monday (Oct 12) as he announced several moves to speed up regulatory processes for drug development and trials. To this end, Mr Ong said the Health Sciences Authority’s (HSA) efforts will span the healthcare value chain, connecting areas such as clinical development, regulation, health technology assessment and patient access. Among several moves, he announced a new HSA-Agency for Care Effectiveness (ACE) priority track that will allow selected health products to undergo regulatory evaluation and health technology assessment at the same time. Another initiative involves a collaboration with the United Kingdom for a new "regulatory innovation corridor" to consider breakthrough therapies, including those that use artificial intelligence (AI) in drug development and clinical trials. These initiatives, including HSA's plan to streamline regulatory review processes, could halve approval times for selected lower-risk Phase 3 clinical trials from 30 days to 15 days, as well as shorten the time for the first health technology assessment decision from about one year to between six and nine months after regulatory approval. Mr Ong said that...