Despite a decade of gradual growth, pharma R&D spending in Europe is being outpaced by the US and China and one of the continent’s leading industries needs to be careful it does not fall further behind.
Mind The Gap: Europe Pharma R&D Spend Loses Ground On US While China Climbs
While Europe and the US had similar levels of R&D expenditure until 2014, the gap is widening and China is coming up on the rails, according to a new report from EFPIA, which warns that a coherent life sciences strategy for Europe would help stop the decline.
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