EU policies "have negative" R&D impact
Despite the emphasis placed by the European Union on innovation and competitiveness since the 2000 Lisbon strategy, many regulations penalize research-based businesses, including in the pharmaceutical industry, according to a new report by the France-based think-tank, the Institut economique Molinari. The paper, titled Risks and regulatory obstacles for innovating companies in Europe, draws attention to the importance of investment risks that are inherent in the R&D process, noting for example, that it takes 10,000 molecules to generate one successful drug.
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