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The process should take six months for the most important drugs and 12 months for the rest.
Taxol, an important anticancer drug is found in this group.
"This seems like an appropriate way to bring a potentially important drug to market," he said.
But he expressed frustration that some important drugs were missing.
The purpose is to get important new drugs to the patient earlier.
There is a risk that people will become resistant to important drugs if they eat products treated with growth promoting agents.
An important new drug can generate several hundred million dollars a year.
"In about three years, many important drugs are coming off patent," he said.
This is not the time to give up on this important drug.