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Drugmakers Urge EU Investment as R&D Share Falls

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Story summary
  • European drugmakers’ chairs urged the EU and member states to boost medicine investment.
  • Their share of pharma R&D in Europe fell to 31% from 43% in 1990.
  • Approved medicines now take an average 600 days to reach European patients.
  • The United States and China announced over $600 bn of pharma investment in the past two years.