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  • Writer's pictureGeorgi Staykov

COVID-19 and the Pharma Industry in Europe

The world is now facing a new public health challenge – the COVID-19 pandemic. The news and messages from all over the world imply that concentrated efforts, a focused approach, and a new way of perceiving collaborations are required to find and enable solutions together. As one planet, as one single unit. Together.

The impact of the virus continues to change the world’s economical, pharmaceutical, and even geographical landscape. During these times, the bio-pharmaceutical industry in Europe seems to be fully dedicated to unite cross-country healthcare communities and their research powers. There is a single goal that lies ahead, and this is to find a way to tackle the outbreak by pulling together people, their resources, and the advantages of world-leading science discoveries.

According to The European Federation of Pharmaceutical Industries and Associations (EFPIA), all its members – 36 national associations and 39 leading pharmaceutical companies, including an increasing number of small and medium-sized enterprises (SME) – are heavily focused on developing diagnostics and treatments for COVID-19. Most of the key players in the pharma industry believe that vaccines are the only way to approach the problem and the thing that can help the human population move on. There is perhaps no greater purpose at this moment that unifies humanity than leaving the COVID-19 pandemic behind. The words “global pandemic” inevitably evoke the thoughts that a rapid response is not only required, but also a necessity. Researchers are conducting parallel development phases and the pharma manufacturing has been booming. This is the moment when Real-World Data (RWD) and Real-World Evidence (RWE) become invaluable. You can learn more about RWD and RWE here. It appears that the research and development sectors, health authorities, regulatory agencies, and funding entities have all hands on deck to speed up the process but make sure that no compromises are made when it comes to abiding by health and safety protocols and standards.

You can always find more information about vaccines on Vaccines Europe official website.

There has been a lot of talk about vaccines lately and doing a proper research is important. Make sure to check all the facts and avoid shady forums conspiracy theories. Science is about long hours of research, testing, and results-oriented data. That being said, everyone should utilise their critical thinking abilities and look around. If you want to read a statement on the safety of COVID-19 vaccines, you can check this one, made by global vaccine developers.

How did the COVID-19 pandemic change the way people look at pharmaceutical companies? You can read more about it here.

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