Close

The European Parliament Calls On The Commission To Boost Manufacturing And Export Of Eu Generic And Biosimiar Medicines

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Related stories

Novo Nordisk and AWS Enter Strategic AI Partnership to Accelerate Drug Discovery

Novo Nordisk has announced a strategic partnership with Amazon...

Trump Administration Preparing New Round of Medicaid Drug-Pricing Deals

The Trump administration is preparing to announce a new...

Huawei Expands AI Drug Discovery Ambitions Amid Domestic Chip Push and Policy Support

Huawei intends to deepen its artificial intelligence partnerships with...
- Advertisement -

Launched on 28 October 2015 , the European Commission’s new strategy ‘A Single Market Strategy for Europe – Analysis and Evidence’ proposes a manufacturing waiver during the SPC period to allow the EU generic and biosimilar medicines industries to create up to 64.000 high-tech jobs in the EU and dozens of new companies, with a €3.3 billion business value[1].

The measure would also bring pharmaceutical R&D back to Europe as R&D and manufacturing are often conducted on the same sites for pharmaceuticals. The export of generic and biosimilar medicines to non-EU countries during the SPC period will increase access to high quality medicines in third countries without changing the equilibrium between the originator and the generic & biosimilar medicines industries in the EU.Today the Committee on Internal Market and Consumer Protection (IMCO) of the European Parliament adopted its report on the “Single Market Strategy” calling on the Commission to stimulate manufacturing and early export of generic and biosimilar medicines to countries where no patent or supplementary protection certificates (SPC) exist.

Adrian van den Hoven, Medicines for Europe Director General commented: “The Parliament has once again voted for more manufacturing jobs for Europe by calling for an SPC manufacturing waiver. The Commission should now move forward without delay to make a formal legal proposal to deliver on this tremendous development opportunity for the European pharmaceutical manufacturing industry”.

Never miss a pharmaceutical headline

The pharmaceutical industry moves fast – stay on top of it with our must - read briefings.

  • The top pharma and life sciences stories, straight to your inbox
  • The biggest news, features, interviews, and analysis
  • Dedicated coverage of the key developments driving the global pharmaceutical sector

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Latest stories

Related stories

Novo Nordisk and AWS Enter Strategic AI Partnership to Accelerate Drug Discovery

Novo Nordisk has announced a strategic partnership with Amazon...

Trump Administration Preparing New Round of Medicaid Drug-Pricing Deals

The Trump administration is preparing to announce a new...

Huawei Expands AI Drug Discovery Ambitions Amid Domestic Chip Push and Policy Support

Huawei intends to deepen its artificial intelligence partnerships with...

McKesson to Acquire Precision Medicine Group for $2.25 Billion

US-based healthcare services provider McKesson has agreed to acquire...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access theMedia Pack Now

– Book a Conference Call

Leave Message for Us to Get Back

Translate »