The pharmaceutical sector in ireland
This presentation is the property of its rightful owner.
Sponsored Links
1 / 7

The Pharmaceutical Sector in Ireland PowerPoint PPT Presentation


  • 104 Views
  • Uploaded on
  • Presentation posted in: General

The Pharmaceutical Sector in Ireland. SSDC Chemical Industry Plenary Meeting 9 th April 2013 Eurofound Dublin. Pharma Sector in Ireland. One of the premier global locations for pharmaceutical and chemical product manufacture

Download Presentation

The Pharmaceutical Sector in Ireland

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


The pharmaceutical sector in ireland

The Pharmaceutical Sector in Ireland

SSDC Chemical Industry Plenary Meeting

9th April 2013

Eurofound Dublin


Pharma sector in ireland

Pharma Sector in Ireland

  • One of the premier global locations for pharmaceutical and chemical product manufacture

  • Nine of top ten global pharma companies have a facility in Ireland

  • Exports of €55.1bn* = 50% of total value of Irish exports

  • Contribution of €1bn in corporation tax to the state

  • Sector employs 50,000 people directly and indirectly

  • Ireland is the second largest development and manufacturing location in the world for biopharmaceuticals

  • Largest net exporter of medicines in the world

    * CSO - 2011


Challenges

Challenges

  • Patent expiry – expected loss of $29bn in 2013*

  • Global over-capacity – 300,000 jobs cut since 2000*

  • Significant R&D costs – global R&D funding by large pharma to drop by 5.7% in 2012**

  • Product failure at late stage clinical trials

  • Declining pipelines

  • Downward pressure on healthcare costs due to budget pressures

  • Cost optimisation

    *Deloitte 2013**Forbes 2011


Opportunities

Opportunities

  • Talent – Highly skilled Irish workforce critical to the success of the sector. Global functions based out of Ireland increasing year on year

  • Taxation – 12.5% corporation tax rate in addition to 25% R&D tax credit

  • Compliance – Global quality standards falling while remaining very high in Ireland

  • OPEX – Irish sites accruing huge benefits from optimisation of OPEX best practice

  • D&M – Development plus Manufacturing model


Workforce

Workforce

  • Direct employment has grown from 5200 in 1988 to 24,000 in 2012 (additional 24,500 employed providing services)

  • 50% of employees have a university qualification

  • Exemplary compliance record – no warning letters have been issued to any Irish facility in last 10 years

  • Proven track record of manufacturing excellence

  • Strong local management (with global functions)

  • Flexible and adaptable workforce


Broader environment

Broader environment

  • Irish economy has stabilised with GDP growth of 0.9% in 2012

  • 85% of austerity has been delivered

  • Substantial improvement in unit labour costs

  • Private sector protocol renewed to end 2013

  • 39% of firms planning increase to basic pay in 2013*

    However:

  • Pensions – 90% of DB plans in deficit

  • Health Insurance costs increasing year on year

    *IBEC Study Q4 2012


The future is now

The future is now

  • Focus is to sustain and create jobs

  • Talent development of a flexible workforce willing to embrace and facilitate change–key to delivering economic recovery and growth

  • Highly efficient, cost – effective manufacturing employing fully optimised operational excellence

  • Irish site - Site of choice for all new entities to market

  • Strong collaboration between industry partners

  • Industry working in close collaboration with government and academia


  • Login