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Industry News
Pharmaceutical Industry NewsEuro pharma initiative setting new standardsThe European Union/pharma industry Innovative Medicines Initiative (IMI) is setting new standards for sharing collaborative research and intellectual property (IP), allowing problems to be addressed which no individual company or institute can tackle alone, industry leaders said this week.The Initiative is, uniquely, providing access to world-class research consortia across Europe, enabling those consortia to access new technologies, tools and knowledge, and establishing models for collaborative research that will be critical for future progress, Roch Doliveux, chief executive of UCB and IMI board member, told the Initiative’s annual Stakeholder Forum in Brussels this week. Set up by the European Commission and the European Federation of Pharmaceutical Industries and Associations (EFPIA) to make the drug discovery and development process in Europe more efficient and enhance the region's pharma competitiveness, the IMI is, by a wide margin, the world’s biggest public-private partnership (PPP) in the field of life sciences R&D. It supports projects which focus on unmet needs common to the pharmaceutical industry and patients - the key concepts being pre-competitive research, open innovation and patient-tailored therapies.
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