Trade body illustrates value of European pharma investment
A new report from European pharma trade group EFPIA finds that around 2.5 million jobs in Europe are supported by the sector, with an average “Gross Value Added” per employee of 156,000 euros ($177,000), significantly higher than that of other key sectors.
EFPIA - The European Federation of Pharmaceutical Industries and Associations - commissioned PwC to complete the analysis, which assesses the economic and social footprint of the pharmaceutical industry in Europe.
With the USA pacing ahead on new drug approvals, and with increasing competition from China, the EFPIA is concerned that Europe may be falling behind in the global race for talent and investment.
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