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Lilly CEO Says Biopharmaceuticals Should Be Included in Transatlantic Trade and Economic Discussions
Date:7/11/2011

novation, Lechleiter called for: 

  • consistent regulatory policies
  • intellectual property protection, and 
  • harmonized systems to deal with common issues such as counterfeiting.   

He noted a positive step is the recent Falsified Medicines Directive of the EU, which aims to create a comprehensive anti-counterfeiting system across the full length of the supply chain in Europe.

Lechleiter said the Transatlantic Economic Council (TEC) is a very positive step forward and pressed for inclusion of biotech/biopharmaceutical industries in the ongoing TEC discussions and meetings.  The TEC was initially proposed by Chancellor Angela Merkel in 2007 to strengthen transatlantic economic cooperation between the U.S. and the EU.

"The TEC is an additional important forum which we should use to foster the growth of biotechnologies and promote biopharmaceutical innovation," said Lechleiter.  "An increased focus on biotech and innovative pharmaceuticals would complement the TEC's existing efforts to advance the transatlantic harmonization of regulatory regimes affecting key future growth industries."

"Other industries – such as auto and green energy – are already working closely with the U.S. and European governments to advance discussions through the TEC," concluded Lechleiter. "Transatlantic cooperation in biopharma would not only lead to technological advancement and job growth on both sides of the Atlantic, but also benefit society through faster/broader access to life-saving medical therapies."

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