Europe's share of global medicines R&D shrinking
In what should be a wake-up call for the European pharma sector, a new report published today by Charles River Associates for the European Federation of Pharmaceutical Industries and Associations (EFPIA) paints a challenging picture of falling competitiveness in Europe, with the global share of pharmaceutical R&D investment, clinical trials and manufacturing output all decreasing.
Europeans are facing decreased access to new medicines and the ability to take part in ground-breaking clinical trials, as research and development of new treatments increasingly moves to more ambitious life science sectors in the USA and Asia, the report warns.
The situation is most acute for what are called advanced therapies medicinal products (ATMPs) – tissue, gene and cell therapies - used to prevent, treat and cure rare conditions including some cancers, where the USA and China dominate.
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