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Venezuela Regulatory Drug Approval Process 120 business days* for approval † Applicant submits application and dossier to National Health Institute (INHRR) INHRR conducts evaluation Ministry of Popular Power for the Health (MPPS) makes final decision and grants market authorisation Applicant activity National Health Institute (INHRR) activity Ministry of Popular Power for the Health (MPPS) activity Source: Country member contact, 2013 *Assuming 20 business days in a month †Approval times based on INHRR guidelines October 1, 2013 Venezuela Drug Funding/Reimbursement Approval Process Funding decision timelines unknown Applicant submits funding request to Venezuela Institute of Social Insurance (IVSS) Therapeutic Committee conducts review and assessment IVSS makes final decision and drug is included in the formulary list Applicant activity Therapeutic Committee activity Venezuela Institute of Social Insurance (IVSS) activity Source: Country member contact, 2013