The Pharmaceutical Industry in Figures

The pharmaceutical industry is a key partner in Europe’s fight against disease, developing new treatments and cures for patients across Europe. It continues to invest in European research and development but there is significant competition from other regions. It is imperative that Europe remains a competitive destination for medical research and development by maintaining, sustaining and developing a predictable, robust regulatory and innovation-supportive incentives environment. Medicine spending is under control but greater collaboration is needed to manage the introduction of new treatments and cures. The industry plays a key role in Europe’s economic growth. As an industry, we are committed to working with policy makers to create an environment that supports the development of new treatments and cures, that supports patients’ access to those treatments and helps drive the European economy.