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Colombia Regulatory Drug Approval Process 80-160 days Colombia Drug Funding/Reimbursement Approval Process 160-280 business days* for approval†Funding approval timelines unknown Applicant submits application to National Institute of Drugs and Food Vigilance (INVIMA) Applicant submits reimbursement request to Ministry of Health Review Commission conducts pharmacological evaluation Institute for Health Technology Assessment (IETS) conducts technical assessment Directorate of Drugs conducts technical/legal evaluation Ministry of Health makes final funding decision 80-120 days INVIMA approves and grants market authorisation Applicant activity National Institute of Drugs and Food Vigilance (INVIMA) activity Review Commission activity Directorate of Drug activity Source: Country member contact, 2013 *Assuming 20 business days in a month †Approval times based on INVIMA guidelines October 1, 2013 Drug added to compulsory health plan (POS) Applicant activity Institute for Health Technology Assessment (IETS) activity Ministry of Health activity Source: Country member contact, 2013