Shorouk Express
With the publication of the Biotech Act, the EU sets out how it intends to boost the sector’s competitive position in the face of China’s rapid rise.
The Biotech Act Regulation sets out a broad framework that combines investment, regulatory reform, artificial intelligence, and biosecurity safeguards, all aimed at ensuring that biotechnology breakthroughs are not only discovered in Europe but also developed and manufactured here.
At its core, the Act responds to Mario Draghi’s stark analysis that, despite Europe’s scientific excellence, global leadership in biotech innovation is increasingly shifting elsewhere.
Presenting the initiative, Health Commissioner Olivér Várhelyi, set out the scale of the challenge…
