R&D offsets a small step in the right direction, Greek pharma says

16 September 2019

The government in Greece has announced support for the pharmaceutical sector, indicating that companies will be able to offset a portion of R&D costs, including for clinical trials.

Firms that undertake such investments will be able to reclaim up to 50 million euros ($55 million) in 2019, the Greek Prime Minister said.

Leading pharma trade body SFEE called the incentive “at least a token accommodation in the face of the continually increasing mandatory clawbacks the State has imposed over the last eight years.”

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