The EMA was set up in 1995 with funding from the European Union and the pharmaceutical industry, as well as indirect subsidy from member states, in an attempt to harmonise (but not replace) the work of existing national medicine regulatory bodies.
EMA je oformljena 1995 uz finansiranje Evropske unije i farmaceutske industrije, kao i indirektnih subvencija država članica, u pokušaju da se harmonizuje (mada ne i zameni) rad postojećih nacionalnih medicinskih regulatornih tela.