Astrazeneca’s boss has warned Europe is falling behind as it steps up investment in the United States.
Pascal Soriot said innovation in pharmaceuticals ‘has mostly been funded by the US’ as he doubled down on plans to grow the business in America – which already accounts for 40 per cent of revenues.
I thought it was something like 95% of actual pharmaceutical innovation comes from academia, and that most American pharma R&D spending was predominantly on taking the work of others and tweaking it so they can file a patent.
Before someone says clinical trials—every other country manages to do these without the ridiculous amount of money being consumed by the American pharmaceutical industry
Edit: typo