This document provides an overview of key topics related to data, knowledge, and wisdom in the context of drug regulation and pharmaceutical quality. It discusses trends seen in drug approvals and post-market safety events in the US from 2001-2010. It also covers challenges in understanding variability between individuals. Additional sections describe the integration of various data sources and knowledge management approaches at regulatory agencies. Priority review programs for innovative drugs are also summarized. The talk concludes with discussions of opportunities and challenges for generic drug approvals, including for complex products.