Please login to the form below

Not currently logged in
Email:
Password:

Lilly chief: biopharma hampered by policies

Dr John C Lechleiter, CEO, Eli Lilly has called for greater involvement from the biopharma industry in transatlantic trade and economic discussions, with short-term government cost pressures 'hampering' the sector

Dr John C Lechleiter, CEO, Eli Lilly & Company, has called for greater involvement from the biopharmaceutical industry in transatlantic trade and economic discussions, with short-term cost pressures from governments 'hampering' the sector.

Lechleiter, speaking at the American Council on Germany's conference on The Transatlantic Partnership in the 21st Century, stated that greater co-operation would lead to technology advancement, job growth and societal benefit, with recent cost-cutting healthcare reforms, such as seen in Germany, having the potential to 'undermine' innovation.

He also encouraged the sector to be involved in the ongoing discussions and meetings concerning the Transatlantic Economic Council (TEC) – initially proposed by German Chancellor Angela Merkel to strengthen economic cooperation between the US and the EU.

"New medicines are one of the most cost-effective investments we can make to improve healthcare and enable more efficient use of healthcare budgets," said Lechleiter. "The whole world has a stake in policies in Europe and America that promote innovation and trade to address the vast unmet medical needs of growing and aging populations."

Lechleiter specified certain areas of trade discussion that the biopharmaceutical industry could benefit from, including consistent regulatory policies and intellectual property protection.

He also requested 'harmonised' systems to tackle issues such as counterfeiting, praising the recent Falsified Medicines Directive of the EU to prevent falsified medicines entering the legal supply chain.

Lechleiter's thoughts come the week following his speech to the Federation of German Industries Conference on July 7, 2011, where he made a similar request for greater collaboration and communication between Industry, the government and the healthcare system in Germany.

He said: "I see Germany as a place where the pharmaceutical industry can achieve a breakthrough — a fresh start if you will — to develop more constructive and collaborative relationships."

11th July 2011

Share

Featured jobs

Subscribe to our email news alerts

PMHub

Add my company
Star

Established in 2002, Star is a full service outsourcing and resourcing company that works with the best people and opportunities...

Latest intelligence

Beyond the event
...
Anthill Agency and Actando partnership to Transform Pharma's Digital Skills
Anthill Agency, a leading life sciences digital agency, today announced the launch of the Anthill Academy™ and partnership with Actando's PharmAcademy....
Is the pharma business model ready for precision medicine?
Precision medicine promises to revolutionise patient outcomes and reduce costs for industry but is pharma ready for it? Blue Latitude Health co-founder Head of Strategy Fred Bassett explores the challenges...

Infographics