Life expectancy and quality of life throughout the world is increasing, thanks in large part to the discovery of innovative drugs by the global pharmaceutical industry. The World Health Organization says the worldwide average life expectancy is 70 years, with a range of 60 years in developing countries to 80 years in developed nations.
To continue to innovate, the global pharmaceutical industry has the dual mission of developing effective life-saving medicines in a timely manner and making sure that those drugs are safe. Various regulatory agencies throughout the world provide oversight to the pharmaceutical industry to ensure public safety.
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