Ladies and gentlemen,
This is a pivotal moment for the European health industry. Europe can either maintain its world leadership or lose it. The biotechnology sector is crucial for the future of European healthcare. We need you to develop new technologies and innovations and expand your activities in Europe.
The biotechnology revolution is happening everywhere with significant scientific advancements. We see accelerations in artificial intelligence, computing, and data processing. Biotechnology is a key industry for the European economy and contributes to our competitiveness and growth.
The sector is growing faster than the entire EU economy and outperforms other sectors like finance and ICT. Biotechnology generates significant economic growth and employment in Europe.
The European Commission intends to adopt an ambitious Biotech Act in 2026 to harness the potential of biotechnology. We aim to simplify legislation and improve access to capital. Additionally, we must invest in infrastructure and human capital to create a competitive ecosystem.
We invite you to contribute to the upcoming consultations on the Biotech Act. Europe should be the place where biotechnology can thrive and prosper. Thank you very much.