Market Authorization
/ˈmɑːrkɪt ɔːθəraɪˈzeɪʃən/
Definitions
- (n.) Official approval granted by a regulatory authority allowing a product, especially a pharmaceutical or medical device, to be marketed and sold.
The company obtained market authorization before launching the new drug in the European Union.
Forms
- market authorization
Related terms
See also
Commentary
Often synonymous with "marketing authorization" in various jurisdictions. Clarity in documents requires specifying the granting authority and scope.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.