A strong and supported pharma industry is central to Ireland's economic recovery, says trade body

Citing the Irish Pharmaceutical Healthcare Association's (IPHA) latest edition of its Pharmaceutical Healthcare Facts and Figures 2010, Gerald Farrell, the IPHA's president stated: 'It is clear...that the international research-based pharmaceutical industry's footprint spans the entire island of Ireland.'

Speaking at the launch of the publication, which presents an overview of health care in Ireland and the pharmaceutical industry both nationally and globally, Dr Farrall said: 'Every day the industry plays a vital role in the lives of Irish patients and consumers. When they fall ill - whether it's with a cold or something more serious - it is likely that they will take a medicine or treatment to help them get better. Not only that, our industry has key role to play in helping the Irish economy get better too.'

He noted that the Irish government has spoken of its desire to create an 'Innovation Island' and how this is central to the nation's economic recovery. 'The international research-based pharmaceutical industry has been a key driver of our economy over the last 40 years. This sector sees, in Ireland, a country which is open for our business and responsive to our needs. That's why right now we employ more than 24,500 people directly and as many again indirectly. It also explains why we are the largest contributors to corporation tax and why pharmaceuticals, along with chemicals and medical products, account for over 50% of Irish exports,' the IPAH president pointed out.