European Medicines Agency
Definition - What does European Medicines Agency mean?
The European Medicines Agency (EMA) is a union agency responsible for protecting the health of humans and animals by evaluating and studying medicines using scientific methods. The EMA is roughly equivalent to the U.S. Food and Drug Administration (FDA). The EMA was set up in 1995 with funding from the European Union and the pharmaceutical industry in an attempt to harmonize the established practice of medical regulatory bodies already in operation.
Safeopedia explains European Medicines Agency
The EMA provides scientific advice to pharmaceutical companies to support research and development, as well as general advice to help companies comply with Community legislation. Companies pay administrative fees for these activities and others. Before a medical product can be available for use, it must undergo a series of tests to determine whether it meets quality and safety requirements as set by legislation. This includes complex and lengthy toxicology, pharmacology and clinical tests. Veterinary products must comply with additional requirements, which are to stop residues from remaining in food produced by animals.