William Looney
|
The end of another year is an appropriate time to highlight the march of time—and the transitions that accompany it. This
broad theme of passage helps bind our editorial offerings this month, in which we present the valedictory musings of one of
the world's leading drug regulators as well as our annual update on the state of circulation in pharma's drug pipeline. We
round things off with a profile of key market trends in China. The country too big to ignore is entering an era of flux as
the government struggles to finance universal healthcare coverage while carving out a stake as a global player in life sciences
innovation.
Pharm Exec is written for top managers in the "C suite," where the ability to drive large group performance is a fundamental part of
the job description. Hence why the profile of outgoing Executive Director of the European Medicines Agency, Thomas Lonngren,
is a useful lesson in proving that, despite all the negatives imposed by the politicization of science, one person can still
shape the culture of an entire organization.
Hubris is not associated with the Nordic model of governance, so Lonngren's background as a Swedish regulator was well suited
for a time when the Agency had a shaky hold on power. Gradually, however, by pursuing an approach that married dour certitude
and technical competence with an awareness of the densely layered politics behind European integration, Lonngren has been
able to create what is today a world-class regulator—one that many drug companies now prefer to the FDA.
Lonngren is probably leaving at the right time. His successor is going to have to face a more assertive European Parliament
as well as fresh concerns among the 27 member countries that European patients are not getting a fair deal under the centralized
approval process because of sharp country-to-country variances in drug prices and level of access. Involvement of the Agency
in this debate is not going to be a reputation enhancer. As Pharm Exec columnist Ansis Helmanis put it recently, "the next few years will determine to what extent those who hold the public purse
strings will dictate priorities as to new drug development, clinical trial design, conditions for market approval, and patient
access to new therapies. A perfect storm is brewing—and industry, patients, and the regulator should prepare for the sea change."
Our second feature, the annual tour d'horizon on new drugs in development, reveals another, perhaps more positive, transition is under way, with prospects progressing
for the approval of medicines that promise real gains in the standard of care. The survey shows there is still life left in
the blockbuster model and that discoveries linked to mapping of the human genome may finally be bearing fruit in the form
of commercially viable drug candidates.
Finally, Pharm Exec's third installment in its series on the expanding Chinese pharmaceutical market documents a heady mix of opportunities and
challenges facing both foreign-based and domestic firms. What is clear is that the pricing premiums foreign companies long
enjoyed due to the link to product quality and originator innovation are being targeted. That's one way to help defray the
associated costs of universal health coverage, but it also puts China in the forefront of a larger trend—the growing ability
of emerging market governments to apply Western cost containment tools to limit investor returns from drugs sales. With government
intervention to milk the industry on the rise, are the emerging markets still the industry's golden calf?
William Looney
Editor-in-Chief
wlooney@advanstar.com
PharmExec Blog
Follow Us
RSS
Bookstore
