EFPIA welcomes Mario Draghi EU competitiveness report

The research based pharmaceutical industry has welcomed Mario Draghi’s report, published by the European Commission, outlining proposals on how Europe can regain its competitive edge and the critical role of innovative industries in achieving this.

In summary, Mr Draghi, former President of the European Central Bank and former Italian Prime Minister, identifies four broad areas for improving productivity in the pharma sector.

He wants faster and fitter authorization processes for medicines and medical devices, ways to improve joint purchasing to support more advanced treatments, a lot more funding to help more cutting-edge research, as well as support for small and medium-sized enterprises (SMEs), and special attention paid to how data and AI, can ensure Europe keep apace with the US and Chinese markets.