I was honored to speak at the 30th anniversary of Medicines for Europe, held at the Annual Conference in Dublin under the theme "Breaking Barriers: Building the Off-Patent Medicines Sector of the Future."
Fresenius Kabi has been a proud member of Medicines for Europe for over a decade, sharing its mission to improve health and wellbeing of people by providing better access to high-quality medicines. The members’ portfolios cover 80% of therapy areas and supplies 70% of all medicines in Europe, and together we are deeply committed to adding to the sustainability of Europe’s healthcare systems for future generations.
During my panel, I addressed a critical challenge our industry faces: the need to balance the increasing demand for medicines with the pressure of declining prices. This contradiction needs resolution. Making pharmaceutical production in Europe more flexible and attractive requires action to strengthen supply chains and enable better solutions to help more patients.
We are at a crossroad with the need for policy makers to identify the right framework conditions which will strengthen the industry while considering the interlinkages which exist across the individual components of the pharmaceutical industry, i.e., R&D, manufacturing, and commercialization. Additionally, it is important to consider that our industry is global in nature hence resource allocation decisions are taken considering the relative attractiveness of the different continents and countries.
I also emphasized the transformative potential of digitalization and data processing. AI will accelerate the future of our industry. It will give health care professionals more time to focus on patient care and help us develop better medicines faster and more affordably.
A heartfelt thank you to Elisabeth Stampa, Adrian van den Hoven and to the entire organization for hosting such a meaningful summit. And my thanks also to Rebecca Guntern as well as my fellow panelists Markus Sieger, Stephan Eder, and Steffen Saltofte.
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