Pharmaceutical policy refers to the guidelines and regulations that govern the development, approval, distribution, and pricing of medications. It aims to ensure that safe and effective drugs are accessible to the public while balancing the interests of patients, healthcare providers, and pharmaceutical companies. This policy encompasses various aspects, including drug approval processes, patent laws, and healthcare funding. Effective pharmaceutical policy also addresses issues like drug affordability and public health. By establishing frameworks for clinical trials and market access, it seeks to promote innovation while ensuring that essential medications are available to those in need. Ultimately, these policies play a crucial role in shaping healthcare systems worldwide.