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Colombia
Fast Facts
Capital: Bogotá
Economy: free market economy. Nominal GDP US$283.109 billion
Health Expenditure: 5.9% of GDP, 2008
Population: 49 million, 2017
Average Life Span: 75.2 years, 2010
Languages: Spanish
Adult Literacy Rate: 93%
Health Trends
Major Infectious Diseases: HIV/ AIDS, Hepatitis A, Hepatitis C, Typhoid Fever, Malaria, Dengue Fever, Yellow Fever, Meningococcal Meningitis
Healthcare system divided into two groups: Private & public
Clinical Trial Landscape
4th largest Latin American pharmaceutical market
325 clinical trials to date (Phase I, II and IIIb)
Opportunities in metabolics, hypertension and oncology
Majority of the market is supplied by the relatively well-developed domestic industry
• To date, five national regulatory authorities have been recognised by PAHO/WHO as National Regulatory Authorities of Regional Reference, one of them being the National Institute of Food and Drug Monitory of Colombia (INVIMA).
• Clinical Investigation Sites are certified by INVIMA in GCP compliance
Total awarded studies: 43 (2008 - YTD 2012), and currently participating in 20 studies in various therapeutic areas including Oncology, Diabetes, Cardiovascular, HIV, Gastric Disorders, Psoriasis and Transplants
Majority of studies in Oncology, Cardiovascular, Metabolics and Dermatology
Services Offered
Clinical Monitoring
Study start-up and Feasibility
Medical & Safety Services
Late Phase Research (Ph IV)
Coverage of other Central American countries (recent examples including Panama, Costa Rica & Dominican Republic)