Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • fx
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home»pharma

    Future direction of EU policy: innovation

    inadimBy inadim30 June 2009 pharma No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    — last modified 09 July 2009

    Research and development (R&D) in life sciences is a precondition to pharmaceutical innovation. The Commission recognises the key role pharmaceutical R&D plays. Consequently, it is currently implementing various sector-specific initiatives to restore Europe’s leading role as the natural home for pharmaceutical innovation.


    Advertisement


    In 2006, the 7th Research and Development Framework Programme (FP7) and the Competitiveness and Innovation Programme (CIP) were adopted to support not only the development of new technologies, but also to ensure the early commercialisation of scientific findings.

    The Innovative Medicines Initiative (IMI) is a unique partnership between the European Community and the European Federation of Pharmaceutical Industries and Associations (EFPIA). The aim of IMI is to to support the faster discovery and development of better medicines for patients and to enhance Europe’s competitiveness by ensuring that its biopharmaceutical sector remains a dynamic high-technology sector.

    The IMI is a crucial element of the Commission’s innovation policy. The objective of this new instrument, a public-private partnership involving the industry and the Commission, is to enhance and accelerate the development process of medicines so as to make new treatment options available to patients earlier.

    The IMI addresses the issue of Europe’s relative decline in pharmaceutical research by focussing on the main challenges to:

    ·       improve prediction of the safety and the efficacy of new drug candidates in the early development phases, i.e. prior to costly clinical trials;

    ·       tackle the current multiplication of research efforts, both in the private and public sector, by jointly developed knowledge management systems;

    bridge gaps in training of professionals to ensure a more skilled workforce in Europe for this sector.

     

    2008 European Commission (adapted)

    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    inadim

    Related Content

    Medicine Shortages in the EU – guide

    EU Commission agreement with BioNTech-Pfizer on the delivery of vaccines – guide

    Supplementary Protection Certificates – guide

    Proposal to ensure continued supply of medicines to Northern Ireland, as well as Cyprus, Ireland and Malta

    A Pharmaceutical Strategy for Europe – guide

    Supplementary protection certificate for medicinal products

    LATEST EU NEWS

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    EU artificial intelligence factories set for 2025

    13 November 2024
    BRIEFING

    Agenda

    This week, COP29 begins in Azerbaijan; finance ministers discuss the EU's annual budget for 2025; and MEPs hold a plenary session on EU-US relations, EU summits, deforestation and COP 29...

    EUbusiness Week

    This week competitiveness and environment ministers will hold informal meetings…

    Eurozone Economic Calendar

    Key economic calendar events for the week 11 to 16 November 2024

    The Week's Top Stories

    This week competitiveness and environment ministers will hold informal meetings…

    Advertisement

    Subscribe to EUbusiness Week

    Get the latest EU news

    Latest Posts

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Tems
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025
    Design and developed by : Dotsquares

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok