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Spotlight On Israel: Market Challenges Stunting Biopharma Growth

 
• By Lucie Ellis-Taitt

Scrip investigates the big issues Israel's biopharma sector need to overcome in order to maintain momentum and achieve sustainable success.

Aharon Aharon,CEO IsraelInnovationAuthority
Aharon Aharon, CEO of the Israel Innovation Authority • Source: Israel Innovation Authority

In its 70th anniversary year, Israel can rightly celebrate the boom in its high-tech sector over the last couple of decades. But while ICT companies lead the country's economy the Israeli government is set on promoting advancement in other high-tech fields, including biopharma – currently, a less developed industry.

Despite a wealth of promising research spilling from the country's universities and establishments like the Weizmann Institute of Science, Israel has three key hurdles to overcome to facilitate a biopharma ecosystem that can compete on a global scale: its big pharma void; limited

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