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      Posse Herrera Ruiz has extensive experience and specialized team of lawyers advising leading companies in the agro and forestry industries not only in transactional matters, but also in corporate, real estate and regulatory matters, projects structuring, investments and land acquisitions in this industry among others.

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      Posse Herrera Ruiz has advised leading hotel chains and companies in the industry in corporate, real estate and transactional matters, project development, hotel operation, construction and tax planning among others.

      Posse Herrera Ruiz regularly represents local and international financial institutions, borrowers, arrangers, lenders and participants, in their establishment in Colombia, in the largest syndicated loans granted by national and international financial institutions to the private sector. Our clients include local and international commercial banks, multilateral and export credit agencies, investment banks, financial corporations and pension funds.

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      Posse Herrera Ruiz has a leading role in all key segments in the oil and gas industry in Upstream Offshore, the firm represents some of the largest player in the basin. Upstream Onshore, and in conventional the firm retains long standing clients. Regarding Unconventional we represent clients with frack shale gas well activities in the Magdalena Valley. We are also very active advising clients in Midstream and Downstream activities.

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      Posse Herrera Ruiz has advised leading pharmaceutical companies and health care providers in mergers and acquisitions, corporate law, consumer protection, international commerce, and financing among others.

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      Posse Herrera Ruiz has an experienced team of lawyers in all areas of the power industry, allowing us to provide specialized advice to clients.

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      Posse Herrera Ruiz has an experienced team of lawyers in all areas of the mining industry, allowing us to provide specialized advice to clients.

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COLOMBIA

Legal bulletin
August 30, 2016

COLOMBIA

CLEAR RULES FOR PHARMACEUTICAL MARKETING AUTHORIZATIONS

The Colombian Regulatory Authority (INVIMA), demands the submission of bioequivalence and bioavailability studies in order to grant marketing authorizations. Said studies seek to demonstrate the quality, efficacy and safety of one type of drug in comparison to another one containing the same principle and dose, and to analyze the drug’s capability to act in a particular time frame and site.

Before the existence of INVIMA’S Resolution No. 1124, all people or entities seeking to obtain a marketing authority for a drug, had to provide the bioequivalence and bioavailability report without the possibility of validating the studies already approved by foreign competent authorities. With today’s regulation it is possible for applicants to use reports approved by foreign authorities in Colombia.

The mentioned resolution applies to institutions that carry out bioavailability and bioequivalence studies, as well as to chemical synthesis products that require said studies (namely, those that contain at least one of the active ingredients included in the list of said resolution). Therefore, not all generic drugs must have the corresponding studies.

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Posse Herrera Ruiz
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