This document summarizes a seminar presentation on the role of pharmacogenetics and pharmacogenomics in drug development and regulatory review. It discusses how genetic differences can impact how individuals metabolize and respond to drugs in terms of pharmacokinetics and pharmacodynamics. Factors like ethnicity, age, organ function, and genetics were presented as influencing a drug's effects. The role of metabolizing enzymes and transporters encoded by polymorphic genes in contributing to variability in drug responses and adverse events was emphasized. The importance of considering such genetic data during clinical trials and including relevant information in drug labels to allow for personalized dosing was also stressed.