Europe Rides on U.S. Pharm Research Coattails

Here is one to bear in mind as you work the pharmaceutical industry.

Europe is getting a "free ride" on US lab coattails where pharmaceutical research and development is concerned. That's the argument being made by US government and business leaders. They complain that pharmaceutical R&D spending has largely shifted to the US, where Americans pay the lion's share of drug development costs. Meanwhile, they argue, consumers in Europe's largest markets enjoy the fruits of that investment-at prices 25-35% lower than those Americans pay.

More here.