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EFPIA, An Urgent Call to Action

4/6/24

🚀 Revitalizing Europe's Life Sciences Sector: An Urgent Call to Action 🌍

At this pivotal moment of political change in Europe, EFPIA - European Federation of Pharmaceutical Industries and Associations is urging EU leaders to collaborate with the industry to reclaim our region's status as a global leader in life sciences. The proposal? A robust Competitiveness Strategy and the establishment of a dedicated Office for European Life Sciences within the European Commission.

The aim is clear: align with the ambitions of European Heads of State and Government, restore Europe's competitive edge, and boost EU health resilience and strategic autonomy. 📈

Key Insights from EFPIA’s latest report: Global Competition: In 2023, China surpassed Europe in launching new active substances, highlighting the urgent need for action.R&D Investment Decline: Europe has lost 25% of its global R&D investment over the past 20 years.Clinical Trials: Europe's share of clinical trials has fallen by a quarter in the last decade.

EFPIA's Five Strategic Recommendations:

1️- EU Office for Life Sciences: Centralized leadership and policy coherence.

2️- Innovation Ecosystem: Foster biotech and pharma clusters, support start-ups, and strengthen venture capital.

3️- Competitive Manufacturing Hub: Enhance STEM education, develop agile clinical trials, and attract modern manufacturing investments.

4- Health Investment: Recognize health expenditure as future investment and support healthcare system enhancements.

5️- Resilient Biopharma Leadership: Secure robust funding for the EMA and align regulatory frameworks globally.

Let's unite for a competitive, healthier, and stronger Europe! 🌟