Nathalie Moll, EFPIA Director General, wrote to the Financial Times in response to their article
“US subsidies for green technology ring alarm bells in EU capitals” (Report, November 21).
"Your article resonated with the European research-based pharmaceutical industry.
Competition from the US for high-tech investment is not new. In the 1990s, while half of all new treatments originated from Europe, that figure is now just one in five. In 2002, the US spent $2bn more than Europe on pharmaceutical R&D — today it is spending $25bn more. (...)"