KingDings [Michigan] on Nostr: EU proposal may accelerate pharma innovation decline, industry group says ...
EU proposal may accelerate pharma innovation decline, industry group says
https://www.reuters.com/business/healthcare-pharmaceuticals/eu-proposal-may-accelerate-pharma-innovation-decline-industry-group-says-2023-11-06/
Medication was the single biggest contributor to the EU’s trade surplus, with 235 billion euro ($252 usd) worth of exports in 2021.
"Everyone, going forward, will start conducting trials in the U.S....In some cases, they (the medicines) are not going to developed in Europe," Jorgensen said, adding that the U.S. offers a major market after one approval process versus country-by-country in the EU.
https://www.reuters.com/business/healthcare-pharmaceuticals/eu-proposal-may-accelerate-pharma-innovation-decline-industry-group-says-2023-11-06/
Medication was the single biggest contributor to the EU’s trade surplus, with 235 billion euro ($252 usd) worth of exports in 2021.
"Everyone, going forward, will start conducting trials in the U.S....In some cases, they (the medicines) are not going to developed in Europe," Jorgensen said, adding that the U.S. offers a major market after one approval process versus country-by-country in the EU.