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Sanofi CEO: ‘Europe’s lead in life sciences R&D is eroding–but co-localized hubs could allow it to keep up’ – Fortune

Sanofi CEO: ‘Europe’s lead in life sciences R&D is eroding–but co-localized hubs could allow it to keep up’ – Fortune

Europe has some of the world’s top scientists–and 43 of the world’s top 100 schools for life sciences. Europe outputs twice the number of scientific publications than the United States–and three times that of China. However, Europe’s global share of research and development dropped from 39% to 28% (and to just 25% in oncology) in just five years. According to McKinsey, the total volume of funding in healthcare is four times higher in the U.S. than in Europe.Looking more broadly, Europe only accounted for a 19.3% share of global clinical trials activity in 2020, a decrease of 6.3%, compared with the… 

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