Corporate Banner
Satellite Banner
Medicinal Chemistry
Scientific Community
 
Become a Member | Sign in
Home>News>This Article
  News
Return

€3B Medicines R&D Initiative Approved by EU

Published: Wednesday, April 16, 2014
Last Updated: Tuesday, April 22, 2014
Bookmark and Share
The second Innovative Medicines Initiative (IMI2) is a multi-billion Euro research programme run jointly by the European Commission and the pharmaceutical industry.

IMI is a public-private partnership between the European Commission and the European Federation of Pharmaceutical Industries and Associations (EFPIA). The objective is to improve the process of developing new drugs, and treatments by supporting cooperation in research and development.

The Parliament was only consulted for advice, as it did not have co-decision rights on this subject, which is left to the European Commission and the Council, representing the 28 EU member states.

The second initiative, spanning the period 2014-2024, will have a budget of approximately €3 billion. It will focus on the development of treatments that contribute to lifelong health and wellbeing, which are expected to gain in importance due to an aging population, and rising levels of chronic and degenerative diseases.

However, not everybody applauded IMI2, with the Green group voting against the initiative.

French MEP Michèle Rivasi said in a statement that she has met regularly with trade unions within the sector. Currently, there is an employment crisis within the pharmaceutical industry in France and in Europe, though the large companies continue to generate 'mind-boggling' profits from patents.

"In this context, SMEs are particularly vulnerable parties. The biggest companies set the research objectives which are then endorsed by the European Commission. They therefore have an actual advantage when funds for research are being distributed. If they want to have access to this public funding for research, SMEs have no choice but to play the game of outsourcing their R&D departments," Rivasi said.

The French MEP added that innovation objectives are not always linked to the real health needs of the population, but rather to the cost of the treatment of a particular disease.

The first IMI initiative, which took place between 2007-2013, funded 40 projects and developed new therapies for patients. According to its promoters, the iniative created nearly 1,500 jobs for a budget of €2 billion, with half of the funding coming from the Commission, and the other half from EFPIA.


Further Information
Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 2,500+ scientific posters on ePosters
  • More than 3,700+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.


Scientific News
Toxin from Salmonid Fish has Potential to Treat Cancer
Researchers from the University of Freiburg decode molecular mechanism of fish pathogen.
New Diabetes Drug has Unexpected Side Effect
A type of drug used to treat diabetes may reduce the risk of developing Parkinson’s disease, according to new research.
Researchers Develop Vaccine that Protects Primates Against Ebola
A collaborative team from The University of Texas Medical Branch at Galveston and the National Institutes of Health have developed an inhalable vaccine that protects primates against Ebola.
Cannabis May Be Used to Treat Fractures
TAU researcher finds non-psychotropic compound in marijuana can help heal bone fissures.
A Novel Drug to FIght Malaria
An international team of scientists has announced that a new compound to fight malaria is ready for human trials.
New Cell Structure Finding Might Lead to Novel Cancer Therapies
University of Warwick scientists in the U.K. say they have discovered a cell structure which could help researchers understand why some cancers develop.
Creating More Potent Vaccines
Yale researchers uncovered a new role for a type of immune cell, known as regulatory T cells, in promoting long-term immunity.
Potential Therapeutic for Blinding Eye Disease
NIH research points to microglia as potential therapeutic target in retinitis pigmentosa.
Potential New Class of Cancer Drugs
Scientists have found a way to stop cancer cell growth by targeting the Warburg Effect, a trait of cancer cell metabolism that scientists have been eager to exploit.
Global Search for Next Antibiotic
University of Queensland researchers have launched a global search to discover antibiotics capable of combating superbug bacteria that are resistant to current antibiotics.
Skyscraper Banner

Skyscraper Banner
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
2,500+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
3,700+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FREE!