{"id":98965,"date":"2021-10-20T07:11:00","date_gmt":"2021-10-20T05:11:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=98965"},"modified":"2021-10-19T15:20:57","modified_gmt":"2021-10-19T13:20:57","slug":"europabio-life-science-needs-future-proof-approach-to-become-innovation-powerhouse","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/europabio-life-science-needs-future-proof-approach-to-become-innovation-powerhouse\/","title":{"rendered":"Europabio: Life science needs future-proof approach to become innovation \u2018powerhouse\u2019"},"content":{"rendered":"\n\n\n<p>The EU\u2019s policy priorities are a once-in-a-generation change to the regulatory framework that can offer the industrial biotech and healthcare sectors an opportunity to set a direction for the next decades and become \u201ca powerhouse for innovation\u201d, says the newly appointed chairman of EuropaBio.<\/p>\n\n\n\n<p>In an interview with EURACTIV, the new boss of Europe\u2019s largest biotech association, Andrew Topen, spoke about the impact on the bioindustry sector of a number of flagship policy initiatives recently put forward by a \u2018very active\u2019 EU executive.<\/p>\n\n\n\n<p>\u201cWe have a unique opportunity with all of these policy proposals to really become a powerhouse for innovation in the future,\u201d he said.<\/p>\n\n\n\n<p>He referred to several of the EU\u2019s policy priorities, ranging from the industrial strategy to the environmental ambition in the Green Deal, not to mention the pharmaceutical strategy and the new approach on digital.<\/p>\n\n\n\n<p>\u201cWe are working very closely with all the stakeholders to ensure that our industry\u2019s interests are understood,\u201d he stressed, adding that his association wants to ensure a robust regulatory framework that can actually be a catalyst for growth.<\/p>\n\n\n\n<p>Topen mentioned a recent&nbsp;<a href=\"https:\/\/www.wifor.com\/uploads\/2021\/03\/201215_WifOR_EuropaBIO_Economic_Impact_Biotech_FINAL.pdf\">study<\/a>&nbsp;published by the WifOR Insitute, where the biotech industry has been considered one of the fastest-growing innovative industries in Europe, with an average annual growth rate of 4.1% from 2008 to 2018.<\/p>\n\n\n\n<p>\u201cBiotech impacts everyone\u2019s lives on a daily basis and we have in Europe all those key components to be successful,\u201d he said.<\/p>\n\n\n\n<p>However, without the right ecosystem to support such innovation, there could be problems in scaling up the potential impact of biotech along the whole value chain.<\/p>\n\n\n\n<p>The study depicted biotechnology as a high-value sector for employment as well, as it pointed out that for each job in life science three jobs are created elsewhere in the European economy.<\/p>\n\n\n\n<p>\u201cThis means that those jobs can go elsewhere. But if the general public understands more the importance of that, perhaps they would be more in favour of locating those opportunities within the EU,\u201d he said.<\/p>\n\n\n\n<p>For Topen, there is already a very vibrant ecosystem in Europe that should be kept supported to remain highly competitive at the global level and attract clinical trials and investments.<\/p>\n\n\n\n<p>This ecosystem is made of strong academic clusters as well as SMEs, start-ups, and global multinational companies, all with a European focus and headquarters on the continent.<\/p>\n\n\n\n<p>\u201cEurope has a proud heritage of being an innovator and supporting innovative industries,\u201d he said, adding that public support programmes like the recovery and resilience fund can act as a massive catalyst to make the system resilient and moving forward.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u2018Future-proof\u2019 policies<\/strong><\/h3>\n\n\n\n<p>Another risk for the sector comes from the fact that science is continuously evolving and the regulatory framework needs to evolve in step.<\/p>\n\n\n\n<p>Likewise, ensuring the Green Deal commitments requires that EU regulation \u201cshould reflect where we are today and where we need to be tomorrow.\u201d<\/p>\n\n\n\n<p>A key point on EuropaBio\u2019s agenda is, for instance, the modernisation of the genetically modified organisms (GMOs) legislation \u2013 adopted more than 20 years ago \u2013 in a way that could include also microorganisms, which are considered by association as the backbone of biological systems manufacture.<\/p>\n\n\n\n<p>A \u2018future-proof\u2019 approach goes hand in hand with the evolutionary process of science, according to Topen: \u201cInnovation comes on in leaps and bounds and we obviously need a framework to get a predictable environment for investments which are often at high risk.\u201d<\/p>\n\n\n\n<p>Like jobs, these investments risk going elsewhere and this is why Europe needs to remain competitive in a global landscape. \u201cIt is clear that other geographies are highly competitive for the flow of capital, intellectual capacities, and they also value the biotech industry,\u201d he warned.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Risks of fragmentation<\/strong><\/h3>\n\n\n\n<p>The EuropaBio chairman also stressed that an imperfect single market with a different implementation of EU legislation at the national level can create weaknesses for the system as a whole.<\/p>\n\n\n\n<p>\u201cWe saw in the early days of the COVID-crisis national governments acted in a very nationalistic way,\u201d Topen said referring to national emergency policies more focused on single countries rather than the European environment<\/p>\n\n\n\n<p>The crisis offered to the sector many learnings about these bottlenecks and their detrimental impact when it comes to the security of supply.<\/p>\n\n\n\n<p>\u201cWe are working in an environment where supply chains are truly global and they need to be resilient,\u201d he said.<\/p>\n\n\n\n<p>Bottlenecks inevitably led to short term interruptions of those supplies with a downstream effect on the availability of things like medicines, but also other essential goods at the time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Digital opportunities<\/strong><\/h3>\n\n\n\n<p>The forthcoming creation of a common European data space also offers a great potential for the biotech and the single market but it also bears risks of fragmentation.<\/p>\n\n\n\n<p>\u201cThe flip side [of a European data space] is that if you don\u2019t get it right, then you will have 27 different approaches, making the whole thing just overly complicated and a missed opportunity.\u201d<\/p>\n\n\n\n<p>The COVID crisis and the vaccine race showed that both the research and the manufacturing sector are able to shorten timelines significantly by following the procedures and without cutting corners.<\/p>\n\n\n\n<p>According to Topen, the global society managed to bring a healthcare intervention like vaccines in a short time thanks to a 24\/7 approach where data across different geographies has been shared quickly and in real-time.<\/p>\n\n\n\n<p>\u201cWe can take those learnings and apply them to other areas of non-communicable diseases, for example, using the data interoperability of healthcare systems and regulators to advance as quickly as possible,\u201d he concluded.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><em>This article is part of our special report\u00a0<a href=\"https:\/\/www.euractiv.com\/section\/health-consumers\/special_report\/the-future-of-biotech-in-europe\/\">The future of biotech in Europe<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EU\u2019s policy priorities are a once-in-a-generation change to the regulatory framework that can offer the industrial biotech and healthcare sectors an opportunity to set a direction for the next decades and become \u201ca powerhouse for innovation\u201d, says the newly appointed chairman of EuropaBio. In an interview with EURACTIV, the new boss of Europe\u2019s largest [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"According to a recent study, the biotech sector is among the fastest-growing innovative industries in Europe with an average annual growth rate of 4.1% in a time period from 2008 to 2018","footnotes":""},"categories":[5572],"tags":[5838,5796],"supplier":[1829,18206],"class_list":["post-98965","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioeconomy","tag-biotechnology","supplier-europabio","supplier-wifor-institute"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/98965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=98965"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/98965\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=98965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=98965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=98965"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=98965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}