1 00:00:06,333 --> 00:00:07,967 Uh welcome to all of our 2 00:00:07,967 --> 00:00:09,134 Uh welcome to all of our audience. Thank you very much 3 00:00:09,134 --> 00:00:10,667 audience. Thank you very much for tuning in to our discussion 4 00:00:10,667 --> 00:00:12,066 for tuning in to our discussion today is today we will discuss 5 00:00:12,066 --> 00:00:14,567 today is today we will discuss the future of European value 6 00:00:14,567 --> 00:00:16,000 the future of European value chains in medical goods. Um I 7 00:00:16,000 --> 00:00:17,900 chains in medical goods. Um I think we’ve all been shocked uh 8 00:00:17,900 --> 00:00:19,400 think we’ve all been shocked uh in the beginning of the year 9 00:00:19,400 --> 00:00:20,801 in the beginning of the year when we seen the pictures in 10 00:00:20,801 --> 00:00:22,400 when we seen the pictures in Italy, where Italian doctors 11 00:00:22,400 --> 00:00:23,900 Italy, where Italian doctors had to perform surgeries had to 12 00:00:23,900 --> 00:00:25,967 had to perform surgeries had to assist the coveted patients 13 00:00:25,967 --> 00:00:28,000 assist the coveted patients with without proper equipment 14 00:00:28,000 --> 00:00:30,533 with without proper equipment and this is quite uh this was a 15 00:00:30,533 --> 00:00:31,800 and this is quite uh this was a massive problem. It’s quite a 16 00:00:31,800 --> 00:00:34,234 massive problem. It’s quite a debate on whether we are too 17 00:00:34,234 --> 00:00:36,099 debate on whether we are too dependent on foreign supplies. 18 00:00:36,099 --> 00:00:37,867 dependent on foreign supplies. are we too dependent on? On 19 00:00:37,867 --> 00:00:40,467 are we too dependent on? On supply chains going abroad our 20 00:00:40,467 --> 00:00:41,733 supply chains going abroad our supply chains for medical 21 00:00:41,733 --> 00:00:43,333 supply chains for medical schools that we need really 22 00:00:43,333 --> 00:00:43,967 schools that we need really urgency, especially in the 23 00:00:43,967 --> 00:00:45,700 urgency, especially in the moment right now, are there too 24 00:00:45,700 --> 00:00:47,333 moment right now, are there too fragile and we need to improve 25 00:00:47,333 --> 00:00:48,667 fragile and we need to improve resilience. This is what the 26 00:00:48,667 --> 00:00:49,867 resilience. This is what the question kind of I want to 27 00:00:49,867 --> 00:00:51,367 question kind of I want to discuss today and I’m really 28 00:00:51,367 --> 00:00:52,500 discuss today and I’m really happy that I have an excellent 29 00:00:52,500 --> 00:00:54,967 happy that I have an excellent panel with me to make sense of 30 00:00:54,967 --> 00:00:57,433 panel with me to make sense of this question. Um first of all 31 00:00:57,433 --> 00:00:59,299 this question. Um first of all I have who is the secretary 32 00:00:59,299 --> 00:01:01,366 I have who is the secretary General in Chief Medical 33 00:01:01,366 --> 00:01:02,800 General in Chief Medical officer of the Italian Health 34 00:01:02,800 --> 00:01:04,933 officer of the Italian Health ministry. Um I think you’re an 35 00:01:04,933 --> 00:01:06,334 ministry. Um I think you’re an internal where you work on uh 36 00:01:06,334 --> 00:01:08,400 internal where you work on uh and uh. He has is he is a 37 00:01:08,400 --> 00:01:09,900 and uh. He has is he is a physician he has experienced in 38 00:01:09,900 --> 00:01:11,067 physician he has experienced in medical so himself, but he’s 39 00:01:11,067 --> 00:01:12,234 medical so himself, but he’s also managing in the management 40 00:01:12,234 --> 00:01:14,000 also managing in the management board of the European uh food 41 00:01:14,000 --> 00:01:15,199 board of the European uh food safety authorities. so we also 42 00:01:15,199 --> 00:01:17,867 safety authorities. so we also say it’s a lot of experience on 43 00:01:17,867 --> 00:01:19,267 say it’s a lot of experience on site. then my second guest I 44 00:01:19,267 --> 00:01:21,800 site. then my second guest I have Gonzales to the trade 45 00:01:21,800 --> 00:01:23,033 have Gonzales to the trade folks in our audience she they 46 00:01:23,033 --> 00:01:24,934 folks in our audience she they will all know her. um she is a 47 00:01:24,934 --> 00:01:25,967 will all know her. um she is a senior fellow Peter Institute 48 00:01:25,967 --> 00:01:28,233 senior fellow Peter Institute for International Economics 49 00:01:28,233 --> 00:01:29,834 for International Economics host the excellent discussion 50 00:01:29,834 --> 00:01:30,933 host the excellent discussion series trade winds that can 51 00:01:30,933 --> 00:01:32,334 series trade winds that can warmly recommend to anyone 52 00:01:32,334 --> 00:01:33,933 warmly recommend to anyone interested in trade matters. Um 53 00:01:33,933 --> 00:01:35,000 interested in trade matters. Um she has been senior director of 54 00:01:35,000 --> 00:01:38,367 she has been senior director of the global practice. Uh for for 55 00:01:38,367 --> 00:01:38,700 the global practice. Uh for for trading competition at the 56 00:01:38,700 --> 00:01:40,833 trading competition at the World Bank, I mean she’s also 57 00:01:40,833 --> 00:01:41,933 World Bank, I mean she’s also been trade Minister of Costa 58 00:01:41,933 --> 00:01:44,800 been trade Minister of Costa Rica and my last guest is Cohen 59 00:01:44,800 --> 00:01:47,167 Rica and my last guest is Cohen burden. Um he is the executive 60 00:01:47,167 --> 00:01:48,634 burden. Um he is the executive director for International 61 00:01:48,634 --> 00:01:49,967 director for International Trade of the European 62 00:01:49,967 --> 00:01:50,500 Trade of the European Federation of Pharmaceutical 63 00:01:50,500 --> 00:01:52,700 Federation of Pharmaceutical Industries and Associations. so 64 00:01:52,700 --> 00:01:54,300 Industries and Associations. so use someone that brings us some 65 00:01:54,300 --> 00:01:56,866 use someone that brings us some experience from the medical 66 00:01:56,866 --> 00:01:58,466 experience from the medical industry and what they’re uh. I 67 00:01:58,466 --> 00:02:00,201 industry and what they’re uh. I hope we can also, but also we 68 00:02:00,201 --> 00:02:00,867 hope we can also, but also we can also bring us some 69 00:02:00,867 --> 00:02:02,433 can also bring us some experience personally. He’s an 70 00:02:02,433 --> 00:02:04,567 experience personally. He’s an associate professor at the US. 71 00:02:04,567 --> 00:02:06,367 associate professor at the US. um he’s he has done work. 72 00:02:06,367 --> 00:02:07,800 um he’s he has done work. Management Board of the world 73 00:02:07,800 --> 00:02:09,867 Management Board of the world for so I’m really happy to have 74 00:02:09,867 --> 00:02:11,233 for so I’m really happy to have like this kind of really broad 75 00:02:11,233 --> 00:02:12,833 like this kind of really broad uh panel here to discuss this 76 00:02:12,833 --> 00:02:15,400 uh panel here to discuss this important matter. um let me 77 00:02:15,400 --> 00:02:18,000 important matter. um let me start with you mister Roku um 78 00:02:18,000 --> 00:02:19,767 start with you mister Roku um so Italy, Italy has been one of 79 00:02:19,767 --> 00:02:21,667 so Italy, Italy has been one of the first and hardest countries 80 00:02:21,667 --> 00:02:23,266 the first and hardest countries in Europe and I think you you 81 00:02:23,266 --> 00:02:24,066 in Europe and I think you you will face the brand of the 82 00:02:24,066 --> 00:02:26,433 will face the brand of the first wave, especially of the 83 00:02:26,433 --> 00:02:27,834 first wave, especially of the footage that we experience can 84 00:02:27,834 --> 00:02:29,900 footage that we experience can you tell us a little bit about 85 00:02:29,900 --> 00:02:30,434 you tell us a little bit about what you experience being in 86 00:02:30,434 --> 00:02:32,667 what you experience being in the in Italy at the time being 87 00:02:32,667 --> 00:02:33,800 the in Italy at the time being an and also in the health 88 00:02:33,800 --> 00:02:35,000 an and also in the health ministry. What are the problems 89 00:02:35,000 --> 00:02:37,533 ministry. What are the problems in? Medical goods where you’re 90 00:02:37,533 --> 00:02:41,234 in? Medical goods where you’re patient. First of all, thank 91 00:02:41,234 --> 00:02:44,467 patient. First of all, thank you for the invitation good 92 00:02:44,467 --> 00:02:47,900 you for the invitation good morning everybody and uh yes um 93 00:02:47,900 --> 00:02:50,000 morning everybody and uh yes um we were the first company to 94 00:02:50,000 --> 00:02:54,834 we were the first company to have the way uh of the in the 95 00:02:54,834 --> 00:02:56,634 have the way uh of the in the Europe in Europe and uh 96 00:02:56,634 --> 00:02:58,867 Europe in Europe and uh generally speaking outside the 97 00:02:58,867 --> 00:03:03,966 generally speaking outside the a count so we cannot teach from 98 00:03:03,966 --> 00:03:06,834 a count so we cannot teach from others we have to teach by side 99 00:03:06,834 --> 00:03:09,401 others we have to teach by side uh and this was obviously 100 00:03:09,401 --> 00:03:11,967 uh and this was obviously difficult uh also because uh 101 00:03:11,967 --> 00:03:15,066 difficult uh also because uh um. 102 00:04:18,767 --> 00:04:23,399 And then to use um uh test for 103 00:04:23,399 --> 00:04:26,800 And then to use um uh test for the PR specifically for a 104 00:04:26,800 --> 00:04:28,600 the PR specifically for a diagnosed with other province 105 00:04:28,600 --> 00:04:33,301 diagnosed with other province with agents and uh and uh so on 106 00:04:33,301 --> 00:04:37,267 with agents and uh and uh so on so I thought we adopted a lot 107 00:04:37,267 --> 00:04:40,200 so I thought we adopted a lot of measures to mitigate this 108 00:04:40,200 --> 00:04:43,001 of measures to mitigate this program first of all about the 109 00:04:43,001 --> 00:04:48,300 program first of all about the um the PP we made some specific 110 00:04:48,300 --> 00:04:54,000 um the PP we made some specific groups that were um. 111 00:04:54,366 --> 00:04:55,934 Give us the possibility to use 112 00:04:55,934 --> 00:04:59,266 Give us the possibility to use uh products that are equivalent 113 00:04:59,266 --> 00:05:02,267 uh products that are equivalent to the European one without the 114 00:05:02,267 --> 00:05:03,900 to the European one without the sea mark. I’m speaking for 115 00:05:03,900 --> 00:05:06,434 sea mark. I’m speaking for instance of the n ninety-five 116 00:05:06,434 --> 00:05:11,967 instance of the n ninety-five mass mass that are similar to 117 00:05:11,967 --> 00:05:15,733 mass mass that are similar to um PD uh for uh for protection 118 00:05:15,733 --> 00:05:19,301 um PD uh for uh for protection uh without having the C mark um 119 00:05:19,301 --> 00:05:20,633 uh without having the C mark um then we adopted the second 120 00:05:20,633 --> 00:05:24,200 then we adopted the second strategy of the same um. Uh 121 00:05:24,200 --> 00:05:27,833 strategy of the same um. Uh because we are created a staff 122 00:05:27,833 --> 00:05:29,267 because we are created a staff in the National Health 123 00:05:29,267 --> 00:05:32,600 in the National Health Institute to have a rapid 124 00:05:32,600 --> 00:05:35,867 Institute to have a rapid authorization of but in any 125 00:05:35,867 --> 00:05:37,234 authorization of but in any case this product should be 126 00:05:37,234 --> 00:05:40,366 case this product should be effective and safe. We shorten 127 00:05:40,366 --> 00:05:44,333 effective and safe. We shorten all the time for and this was 128 00:05:44,333 --> 00:05:50,433 all the time for and this was about a masks and um other p uh 129 00:05:50,433 --> 00:05:52,834 about a masks and um other p uh we had more problems with 130 00:05:52,834 --> 00:05:54,933 we had more problems with ventilators but also met. The 131 00:05:54,933 --> 00:05:58,999 ventilators but also met. The Italian um facilities that uh 132 00:05:58,999 --> 00:06:01,467 Italian um facilities that uh happened by the military, 133 00:06:01,467 --> 00:06:03,067 happened by the military, engineers and military people 134 00:06:03,067 --> 00:06:06,834 engineers and military people will have to improve uh the 135 00:06:06,834 --> 00:06:09,299 will have to improve uh the production of ventilators uh 136 00:06:09,299 --> 00:06:12,133 production of ventilators uh and uh so in few weeks we were 137 00:06:12,133 --> 00:06:14,600 and uh so in few weeks we were able to have a piece of stock 138 00:06:14,600 --> 00:06:17,267 able to have a piece of stock for all of the county. I have 139 00:06:17,267 --> 00:06:18,801 for all of the county. I have to say also that unfortunately 140 00:06:18,801 --> 00:06:21,500 to say also that unfortunately in that case uh that part of 141 00:06:21,500 --> 00:06:23,966 in that case uh that part of Italy that was involved was uh 142 00:06:23,966 --> 00:06:27,633 Italy that was involved was uh the only to know. 143 00:06:55,267 --> 00:06:59,166 Also on drugs um we we we do 144 00:06:59,166 --> 00:07:05,933 Also on drugs um we we we do know that we don’t have the um. 145 00:07:05,933 --> 00:07:07,600 know that we don’t have the um. Effective all that officially 146 00:07:07,600 --> 00:07:10,566 Effective all that officially uh are considered effective and 147 00:07:10,566 --> 00:07:12,666 uh are considered effective and we did not have the time, but 148 00:07:12,666 --> 00:07:14,700 we did not have the time, but we started with some trials 149 00:07:14,700 --> 00:07:16,833 we started with some trials that were all managed by the 150 00:07:16,833 --> 00:07:19,333 that were all managed by the national for Medicine program. 151 00:07:19,333 --> 00:07:21,800 national for Medicine program. So this is the main measures we 152 00:07:21,800 --> 00:07:23,500 So this is the main measures we adopted in the first weeks. now 153 00:07:23,500 --> 00:07:28,666 adopted in the first weeks. now we are working with more in the 154 00:07:28,666 --> 00:07:31,767 we are working with more in the second phase. Thank you very 155 00:07:31,767 --> 00:07:33,634 second phase. Thank you very much for for for lying out a 156 00:07:33,634 --> 00:07:35,867 much for for for lying out a bit What we’ve seen all and 157 00:07:35,867 --> 00:07:38,167 bit What we’ve seen all and giving us your inside 158 00:07:38,167 --> 00:07:39,167 giving us your inside experience before I go to the 159 00:07:39,167 --> 00:07:40,367 experience before I go to the next question I want uh to 160 00:07:40,367 --> 00:07:41,500 next question I want uh to remind the audience that we 161 00:07:41,500 --> 00:07:43,267 remind the audience that we have is always in this program 162 00:07:43,267 --> 00:07:46,767 have is always in this program here we will have a slide slide 163 00:07:46,767 --> 00:07:48,300 here we will have a slide slide um where it’s it’s like web 164 00:07:48,300 --> 00:07:49,600 um where it’s it’s like web page where you can put 165 00:07:49,600 --> 00:07:50,999 page where you can put questions to us and then later 166 00:07:50,999 --> 00:07:53,433 questions to us and then later um later part of the of the of 167 00:07:53,433 --> 00:07:55,467 um later part of the of the of this of this webinar. now we 168 00:07:55,467 --> 00:07:57,433 this of this webinar. now we will have we will we will 169 00:07:57,433 --> 00:07:59,100 will have we will we will answer your questions so please 170 00:07:59,100 --> 00:08:00,300 answer your questions so please uh if you have questions go to 171 00:08:00,300 --> 00:08:02,566 uh if you have questions go to there, the hashtag is supply 172 00:08:02,566 --> 00:08:05,900 there, the hashtag is supply um. Me now go to miss Gonzales 173 00:08:05,900 --> 00:08:08,467 um. Me now go to miss Gonzales um Anna um we have seen this 174 00:08:08,467 --> 00:08:09,899 um Anna um we have seen this kind of the same problem all 175 00:08:09,899 --> 00:08:11,300 kind of the same problem all over the world similar problems 176 00:08:11,300 --> 00:08:14,833 over the world similar problems than mister just described um 177 00:08:14,833 --> 00:08:16,267 than mister just described um and and basically many 178 00:08:16,267 --> 00:08:16,834 and and basically many countries through erect also 179 00:08:16,834 --> 00:08:18,767 countries through erect also with the restrictions of 180 00:08:18,767 --> 00:08:20,499 with the restrictions of imports with restrictions of 181 00:08:20,499 --> 00:08:21,900 imports with restrictions of particular goods um with with 182 00:08:21,900 --> 00:08:23,334 particular goods um with with expert authorizations and so 183 00:08:23,334 --> 00:08:25,767 expert authorizations and so can you tell us a bit about the 184 00:08:25,767 --> 00:08:26,766 can you tell us a bit about the international experience 185 00:08:26,766 --> 00:08:28,534 international experience problems that this causes 186 00:08:28,534 --> 00:08:32,033 problems that this causes supply chain? 187 00:08:34,167 --> 00:08:35,800 Thank you very much uh Nicholas 188 00:08:35,800 --> 00:08:37,799 Thank you very much uh Nicholas and uh thanks for this 189 00:08:37,799 --> 00:08:39,267 and uh thanks for this opportunity uh to uh 190 00:08:39,267 --> 00:08:41,967 opportunity uh to uh participate in uh in this panel 191 00:08:41,967 --> 00:08:43,967 participate in uh in this panel um and hello to everyone so in 192 00:08:43,967 --> 00:08:47,467 um and hello to everyone so in the face of the nineteen uh 193 00:08:47,467 --> 00:08:49,400 the face of the nineteen uh it’s I think that you know the 194 00:08:49,400 --> 00:08:50,434 it’s I think that you know the problem is very clear. 195 00:08:50,434 --> 00:08:52,833 problem is very clear. governments need to provide a 196 00:08:52,833 --> 00:08:54,433 governments need to provide a timely and affordable access uh 197 00:08:54,433 --> 00:08:55,799 timely and affordable access uh to the person of protective 198 00:08:55,799 --> 00:08:58,099 to the person of protective equipment the important and 199 00:08:58,099 --> 00:08:59,833 equipment the important and modern equipment is diagnostic 200 00:08:59,833 --> 00:09:02,300 modern equipment is diagnostic test and medicines um, but this 201 00:09:02,300 --> 00:09:03,833 test and medicines um, but this is of course, not an easy 202 00:09:03,833 --> 00:09:05,967 is of course, not an easy program uh to fix uh um we 203 00:09:05,967 --> 00:09:09,466 program uh to fix uh um we know. The cases of Corona virus 204 00:09:09,466 --> 00:09:11,834 know. The cases of Corona virus went from zero to I think now 205 00:09:11,834 --> 00:09:14,367 went from zero to I think now like 44000000 uh that time I 206 00:09:14,367 --> 00:09:15,699 like 44000000 uh that time I checked in a very short time 207 00:09:15,699 --> 00:09:17,633 checked in a very short time period and it was impossible 208 00:09:17,633 --> 00:09:19,900 period and it was impossible for global manufacturing uh to 209 00:09:19,900 --> 00:09:21,333 for global manufacturing uh to keep up with such a massive 210 00:09:21,333 --> 00:09:22,599 keep up with such a massive increase in demand in 211 00:09:22,599 --> 00:09:23,299 increase in demand in particular in the first stages 212 00:09:23,299 --> 00:09:25,399 particular in the first stages of the pandemic, you may 213 00:09:25,399 --> 00:09:26,999 of the pandemic, you may remember that at the time the 214 00:09:26,999 --> 00:09:28,600 remember that at the time the World Health Organization, I 215 00:09:28,600 --> 00:09:30,667 World Health Organization, I think in March of this year, 216 00:09:30,667 --> 00:09:33,534 think in March of this year, basically estimated that the 217 00:09:33,534 --> 00:09:34,867 basically estimated that the industry would need to increase 218 00:09:34,867 --> 00:09:37,267 industry would need to increase manufacturing by 40% uh to meet 219 00:09:37,267 --> 00:09:39,800 manufacturing by 40% uh to meet the demand. Uh, in addition, we 220 00:09:39,800 --> 00:09:41,967 the demand. Uh, in addition, we know that firms confronted uh 221 00:09:41,967 --> 00:09:43,200 know that firms confronted uh force the reduction in 222 00:09:43,200 --> 00:09:44,000 force the reduction in production as a result of the 223 00:09:44,000 --> 00:09:46,733 production as a result of the containment measures uh severe 224 00:09:46,733 --> 00:09:47,967 containment measures uh severe transportation disrupts the 225 00:09:47,967 --> 00:09:50,600 transportation disrupts the business uncertainty. so not no 226 00:09:50,600 --> 00:09:51,967 business uncertainty. so not no no one country, not even one 227 00:09:51,967 --> 00:09:54,366 no one country, not even one continent uh can’t fight uh 228 00:09:54,366 --> 00:09:56,166 continent uh can’t fight uh covet nineteen by itself and it 229 00:09:56,166 --> 00:09:59,266 covet nineteen by itself and it needs to play a critical role 230 00:09:59,266 --> 00:10:00,633 needs to play a critical role uh and this is more so in light 231 00:10:00,633 --> 00:10:03,800 uh and this is more so in light of the following three uh facts 232 00:10:03,800 --> 00:10:04,867 of the following three uh facts first and I think you was 233 00:10:04,867 --> 00:10:07,333 first and I think you was making reference to this effort 234 00:10:07,333 --> 00:10:08,800 making reference to this effort of this products are highly 235 00:10:08,800 --> 00:10:10,900 of this products are highly concentrated um before the PM. 236 00:10:10,900 --> 00:10:12,666 concentrated um before the PM. Uh four countries accounted for 237 00:10:12,666 --> 00:10:16,567 Uh four countries accounted for more than 70% 0% of world 238 00:10:16,567 --> 00:10:18,700 more than 70% 0% of world experts uh of the most critical 239 00:10:18,700 --> 00:10:21,467 experts uh of the most critical products um you with 38% the US 240 00:10:21,467 --> 00:10:24,433 products um you with 38% the US with 16% China with 12% and 241 00:10:24,433 --> 00:10:26,201 with 16% China with 12% and these countries are also 242 00:10:26,201 --> 00:10:28,401 these countries are also significant importance of this 243 00:10:28,401 --> 00:10:30,234 significant importance of this products. The second thing is 244 00:10:30,234 --> 00:10:31,733 products. The second thing is there’s a high concentration of 245 00:10:31,733 --> 00:10:34,433 there’s a high concentration of exports of um a critical 246 00:10:34,433 --> 00:10:36,334 exports of um a critical medical products makes 247 00:10:36,334 --> 00:10:37,367 medical products makes importers everywhere, but 248 00:10:37,367 --> 00:10:39,066 importers everywhere, but certainly in uh in developing 249 00:10:39,066 --> 00:10:41,967 certainly in uh in developing countries vulnerable. Shortages 250 00:10:41,967 --> 00:10:43,967 countries vulnerable. Shortages and this is the case you know 251 00:10:43,967 --> 00:10:45,299 and this is the case you know for Africa from the Middle East 252 00:10:45,299 --> 00:10:49,100 for Africa from the Middle East for salvation from Latin 253 00:10:49,100 --> 00:10:51,801 for salvation from Latin America up three exporters 254 00:10:51,801 --> 00:10:53,967 America up three exporters sometimes represent eighty and 255 00:10:53,967 --> 00:10:56,434 sometimes represent eighty and 85% of imports of these 256 00:10:56,434 --> 00:10:57,834 85% of imports of these products and the third point is 257 00:10:57,834 --> 00:10:59,734 products and the third point is because the pandemic uh the 258 00:10:59,734 --> 00:11:01,767 because the pandemic uh the pandemic training medical codes 259 00:11:01,767 --> 00:11:04,167 pandemic training medical codes is characterized by the sudden 260 00:11:04,167 --> 00:11:05,834 is characterized by the sudden change in market conditions 261 00:11:05,834 --> 00:11:07,767 change in market conditions brought about by the spread of 262 00:11:07,767 --> 00:11:09,300 brought about by the spread of the disease, and we of course 263 00:11:09,300 --> 00:11:11,267 the disease, and we of course have seen this um in the in the 264 00:11:11,267 --> 00:11:15,566 have seen this um in the in the past few months now. 265 00:12:19,467 --> 00:12:21,600 Said this uh it is also 266 00:12:21,600 --> 00:12:23,567 Said this uh it is also important to say that countries 267 00:12:23,567 --> 00:12:25,034 important to say that countries move to legalize at the same 268 00:12:25,034 --> 00:12:27,367 move to legalize at the same time countries move to life 269 00:12:27,367 --> 00:12:28,733 time countries move to life imports of medical and 270 00:12:28,733 --> 00:12:30,133 imports of medical and medicines because of course 271 00:12:30,133 --> 00:12:31,200 medicines because of course they want to have access to 272 00:12:31,200 --> 00:12:32,567 they want to have access to these products and according to 273 00:12:32,567 --> 00:12:33,933 these products and according to the same report of the global 274 00:12:33,933 --> 00:12:37,967 the same report of the global Trade Alert 106 countries have 275 00:12:37,967 --> 00:12:40,901 Trade Alert 106 countries have executed 240 import policy 276 00:12:40,901 --> 00:12:42,900 executed 240 import policy reforms on this vote over this 277 00:12:42,900 --> 00:12:45,667 reforms on this vote over this same period of time and also on 278 00:12:45,667 --> 00:12:48,967 same period of time and also on the positive side, a recent 279 00:12:48,967 --> 00:12:51,701 the positive side, a recent report um. The role of the 280 00:12:51,701 --> 00:12:54,301 report um. The role of the pandemic have found that 281 00:12:54,301 --> 00:12:56,966 pandemic have found that initial shortages of Pepe have 282 00:12:56,966 --> 00:12:58,566 initial shortages of Pepe have east as production and trade 283 00:12:58,566 --> 00:12:59,967 east as production and trade have expanded to meet is 284 00:12:59,967 --> 00:13:02,433 have expanded to meet is unparalleled immense pike uh 285 00:13:02,433 --> 00:13:05,900 unparalleled immense pike uh trading medical goods grew by 286 00:13:05,900 --> 00:13:06,667 trading medical goods grew by 38.7. 38.7% in the first half 287 00:13:06,667 --> 00:13:09,667 38.7. 38.7% in the first half of the year. Those specific 288 00:13:09,667 --> 00:13:11,267 of the year. Those specific problems remain subject to a 289 00:13:11,267 --> 00:13:12,734 problems remain subject to a specific product remains 290 00:13:12,734 --> 00:13:15,233 specific product remains subject to periodic shortages 291 00:13:15,233 --> 00:13:17,000 subject to periodic shortages and you know sourcing still 292 00:13:17,000 --> 00:13:17,867 and you know sourcing still being a challenge for instance 293 00:13:17,867 --> 00:13:19,799 being a challenge for instance for many developing countries. 294 00:13:19,799 --> 00:13:21,299 for many developing countries. And they also found that uh do 295 00:13:21,299 --> 00:13:23,299 And they also found that uh do taxes and charges on this 296 00:13:23,299 --> 00:13:25,467 taxes and charges on this critical uh medical goods have 297 00:13:25,467 --> 00:13:27,366 critical uh medical goods have temporarily been removed or 298 00:13:27,366 --> 00:13:29,700 temporarily been removed or deferred by a number of matters 299 00:13:29,700 --> 00:13:31,699 deferred by a number of matters uh having to say this, there’s 300 00:13:31,699 --> 00:13:34,533 uh having to say this, there’s no room for complacency want 301 00:13:34,533 --> 00:13:35,701 no room for complacency want many expert restrictions are 302 00:13:35,701 --> 00:13:37,433 many expert restrictions are still in place uh and there is 303 00:13:37,433 --> 00:13:39,599 still in place uh and there is a risk and expert restrictions 304 00:13:39,599 --> 00:13:41,200 a risk and expert restrictions may come back uh in the next 305 00:13:41,200 --> 00:13:44,733 may come back uh in the next phase of nineteen unless you 306 00:13:44,733 --> 00:13:46,300 phase of nineteen unless you know evidence is put out there 307 00:13:46,300 --> 00:13:48,333 know evidence is put out there on the importance of trade to 308 00:13:48,333 --> 00:13:50,834 on the importance of trade to fight the epidemic. And 309 00:13:50,834 --> 00:13:52,400 fight the epidemic. And collective action is taken to 310 00:13:52,400 --> 00:13:53,400 collective action is taken to constrain the use of these 311 00:13:53,400 --> 00:13:54,967 constrain the use of these measures and there are other 312 00:13:54,967 --> 00:13:56,300 measures and there are other measures that are now coming 313 00:13:56,300 --> 00:13:58,767 measures that are now coming out. um uh and I’m gonna just 314 00:13:58,767 --> 00:14:00,266 out. um uh and I’m gonna just say very briefly that after the 315 00:14:00,266 --> 00:14:02,000 say very briefly that after the initial stage of the pandemic, 316 00:14:02,000 --> 00:14:04,167 initial stage of the pandemic, some governments uh including 317 00:14:04,167 --> 00:14:05,734 some governments uh including in France and Japan and the US 318 00:14:05,734 --> 00:14:07,266 in France and Japan and the US and others have come up with 319 00:14:07,266 --> 00:14:09,233 and others have come up with the idea that countries would 320 00:14:09,233 --> 00:14:11,133 the idea that countries would be more secure if this critical 321 00:14:11,133 --> 00:14:13,266 be more secure if this critical medical products were made at 322 00:14:13,266 --> 00:14:13,967 medical products were made at home uh and the fact that China 323 00:14:13,967 --> 00:14:15,800 home uh and the fact that China and India concentrated some of 324 00:14:15,800 --> 00:14:17,200 and India concentrated some of the production of goods 325 00:14:17,200 --> 00:14:19,067 the production of goods confirmed the view that self 326 00:14:19,067 --> 00:14:21,400 confirmed the view that self sufficiency was the way to go 327 00:14:21,400 --> 00:14:22,933 sufficiency was the way to go uh from which it followed that 328 00:14:22,933 --> 00:14:23,966 uh from which it followed that government should use policy 329 00:14:23,966 --> 00:14:25,134 government should use policy instruments like governor 330 00:14:25,134 --> 00:14:28,201 instruments like governor procure. Or tariffs, or some or 331 00:14:28,201 --> 00:14:29,867 procure. Or tariffs, or some or others to bring production back 332 00:14:29,867 --> 00:14:31,367 others to bring production back home and reassuring or 333 00:14:31,367 --> 00:14:33,366 home and reassuring or localization of production is 334 00:14:33,366 --> 00:14:33,967 localization of production is now presented as the way to 335 00:14:33,967 --> 00:14:36,667 now presented as the way to build resilience at the level. 336 00:14:36,667 --> 00:14:37,867 build resilience at the level. I have a say despite evidence 337 00:14:37,867 --> 00:14:39,600 I have a say despite evidence to the country so but maybe I’m 338 00:14:39,600 --> 00:14:40,700 to the country so but maybe I’m gonna stop here and I can talk 339 00:14:40,700 --> 00:14:43,033 gonna stop here and I can talk a little bit more about this uh 340 00:14:43,033 --> 00:14:45,333 a little bit more about this uh later on. thank you. Nicholas 341 00:14:45,333 --> 00:14:47,199 later on. thank you. Nicholas Thank you very much um let me 342 00:14:47,199 --> 00:14:49,399 Thank you very much um let me go to mister burden um to talk 343 00:14:49,399 --> 00:14:51,100 go to mister burden um to talk to give perspective as a 344 00:14:51,100 --> 00:14:52,467 to give perspective as a representative of the 345 00:14:52,467 --> 00:14:53,967 representative of the pharmaceutical industry of the 346 00:14:53,967 --> 00:14:54,834 pharmaceutical industry of the challenges that the 347 00:14:54,834 --> 00:14:56,400 challenges that the pharmaceutical industry has 348 00:14:56,400 --> 00:14:58,333 pharmaceutical industry has faced in kind of this the 349 00:14:58,333 --> 00:15:00,467 faced in kind of this the inputs to. Productions to make 350 00:15:00,467 --> 00:15:01,967 inputs to. Productions to make sure that the supply lines 351 00:15:01,967 --> 00:15:03,067 sure that the supply lines work, but also kind of this 352 00:15:03,067 --> 00:15:04,900 work, but also kind of this kind of unprecedented demand in 353 00:15:04,900 --> 00:15:06,000 kind of unprecedented demand in particular goods that probably 354 00:15:06,000 --> 00:15:07,467 particular goods that probably no one really expected them 355 00:15:07,467 --> 00:15:09,133 no one really expected them beforehand to have this kind of 356 00:15:09,133 --> 00:15:10,867 beforehand to have this kind of search in demand in in the 357 00:15:10,867 --> 00:15:12,466 search in demand in in the first place. Can you tell us a 358 00:15:12,466 --> 00:15:14,267 first place. Can you tell us a bit about your of the 359 00:15:14,267 --> 00:15:16,500 bit about your of the experience of your member? Yes? 360 00:15:16,500 --> 00:15:17,867 experience of your member? Yes? uh thank you very much. uh 361 00:15:17,867 --> 00:15:19,433 uh thank you very much. uh thank you first of all for 362 00:15:19,433 --> 00:15:20,833 thank you first of all for inviting me to the team on a 363 00:15:20,833 --> 00:15:23,267 inviting me to the team on a topic that is I think really 364 00:15:23,267 --> 00:15:24,933 topic that is I think really extremely important today but 365 00:15:24,933 --> 00:15:26,000 extremely important today but also in the in the months and 366 00:15:26,000 --> 00:15:27,566 also in the in the months and years to come that for 367 00:15:27,566 --> 00:15:29,699 years to come that for governments for industry. And a 368 00:15:29,699 --> 00:15:31,466 governments for industry. And a lot of other actors so uh and 369 00:15:31,466 --> 00:15:33,700 lot of other actors so uh and and thank you for the question 370 00:15:33,700 --> 00:15:35,567 and thank you for the question uh um having listen carefully 371 00:15:35,567 --> 00:15:37,767 uh um having listen carefully to the previous analyst. I 372 00:15:37,767 --> 00:15:39,267 to the previous analyst. I think there is a lot of uh 373 00:15:39,267 --> 00:15:40,367 think there is a lot of uh there are a lot of elements 374 00:15:40,367 --> 00:15:41,867 there are a lot of elements that can also illustrate from a 375 00:15:41,867 --> 00:15:43,367 that can also illustrate from a practical point of view you ask 376 00:15:43,367 --> 00:15:44,334 practical point of view you ask what are some of the main 377 00:15:44,334 --> 00:15:45,734 what are some of the main challenges for the industry? I 378 00:15:45,734 --> 00:15:47,500 challenges for the industry? I think uh going back to March 379 00:15:47,500 --> 00:15:49,933 think uh going back to March April, of course, the challenge 380 00:15:49,933 --> 00:15:52,900 April, of course, the challenge that emerged was a massive 381 00:15:52,900 --> 00:15:56,467 that emerged was a massive increase in demand for uh for 382 00:15:56,467 --> 00:15:58,133 increase in demand for uh for medicines protective equipment 383 00:15:58,133 --> 00:16:00,633 medicines protective equipment etcetera combined with. On the 384 00:16:00,633 --> 00:16:01,567 etcetera combined with. On the containment measures for the 385 00:16:01,567 --> 00:16:03,833 containment measures for the virus as well as deliberate 386 00:16:03,833 --> 00:16:05,267 virus as well as deliberate restrictive policies and 387 00:16:05,267 --> 00:16:05,967 restrictive policies and previous people are already 388 00:16:05,967 --> 00:16:07,734 previous people are already alerted to the global trade 389 00:16:07,734 --> 00:16:09,034 alerted to the global trade alert surgeon restrictive 390 00:16:09,034 --> 00:16:11,334 alert surgeon restrictive measures and these had an 391 00:16:11,334 --> 00:16:13,200 measures and these had an immense and direct impact on 392 00:16:13,200 --> 00:16:15,600 immense and direct impact on the industry. Also the ability 393 00:16:15,600 --> 00:16:19,267 the industry. Also the ability for industry to uh to supply uh 394 00:16:19,267 --> 00:16:21,100 for industry to uh to supply uh globally the pharmaceutical 395 00:16:21,100 --> 00:16:22,633 globally the pharmaceutical industry is a is a global 396 00:16:22,633 --> 00:16:25,234 industry is a is a global industry that does use very 397 00:16:25,234 --> 00:16:27,333 industry that does use very intensely global supply chains 398 00:16:27,333 --> 00:16:28,867 intensely global supply chains uh and and that is something 399 00:16:28,867 --> 00:16:30,867 uh and and that is something that is really important then. 400 00:16:30,867 --> 00:16:33,433 that is really important then. An individuals and export 401 00:16:33,433 --> 00:16:34,700 An individuals and export restriction in place in a 402 00:16:34,700 --> 00:16:36,000 restriction in place in a setting in a country where 403 00:16:36,000 --> 00:16:38,467 setting in a country where there is a large production 404 00:16:38,467 --> 00:16:39,967 there is a large production facility for certain product 405 00:16:39,967 --> 00:16:41,867 facility for certain product that has an impact because it 406 00:16:41,867 --> 00:16:42,966 that has an impact because it means that uh first of all the 407 00:16:42,966 --> 00:16:44,633 means that uh first of all the product and not easily if at 408 00:16:44,633 --> 00:16:46,733 product and not easily if at all the exported to other 409 00:16:46,733 --> 00:16:48,234 all the exported to other countries, but it also means 410 00:16:48,234 --> 00:16:49,333 countries, but it also means the product is produced and far 411 00:16:49,333 --> 00:16:50,933 the product is produced and far from large quantities so the 412 00:16:50,933 --> 00:16:52,333 from large quantities so the country that has the expert of 413 00:16:52,333 --> 00:16:55,934 country that has the expert of searching in place and factory 414 00:16:55,934 --> 00:16:57,300 searching in place and factory production could be adjusted 415 00:16:57,300 --> 00:16:59,800 production could be adjusted scaled down because it cannot 416 00:16:59,800 --> 00:17:01,199 scaled down because it cannot be exported and it also 417 00:17:01,199 --> 00:17:03,933 be exported and it also supplies the domestic market in 418 00:17:03,933 --> 00:17:05,367 supplies the domestic market in question and has an immediate 419 00:17:05,367 --> 00:17:06,801 question and has an immediate negative impact on the global. 420 00:17:06,801 --> 00:17:08,433 negative impact on the global. Supplies so uh the big one of 421 00:17:08,433 --> 00:17:10,333 Supplies so uh the big one of the big challenges initially 422 00:17:10,333 --> 00:17:11,966 the big challenges initially was the combination of lock 423 00:17:11,966 --> 00:17:14,600 was the combination of lock downs inevitable, but also uh 424 00:17:14,600 --> 00:17:16,234 downs inevitable, but also uh the deliberate restrictive 425 00:17:16,234 --> 00:17:17,467 the deliberate restrictive policies and just to illustrate 426 00:17:17,467 --> 00:17:19,900 policies and just to illustrate one example in each complex 427 00:17:19,900 --> 00:17:22,401 one example in each complex supply chains. Uh there were 428 00:17:22,401 --> 00:17:25,333 supply chains. Uh there were parts of input production in 429 00:17:25,333 --> 00:17:26,734 parts of input production in Malaysia, where the factories 430 00:17:26,734 --> 00:17:27,967 Malaysia, where the factories of the industry were not 431 00:17:27,967 --> 00:17:30,233 of the industry were not classified as essential uh to 432 00:17:30,233 --> 00:17:31,667 classified as essential uh to be escaping the lockdown if you 433 00:17:31,667 --> 00:17:34,266 be escaping the lockdown if you will and that led to a certain 434 00:17:34,266 --> 00:17:37,200 will and that led to a certain challenges with supply now um. 435 00:17:37,200 --> 00:17:38,767 challenges with supply now um. What is also good to know and I 436 00:17:38,767 --> 00:17:41,233 What is also good to know and I speak on behalf of the the the 437 00:17:41,233 --> 00:17:42,967 speak on behalf of the the the medicines and not the 438 00:17:42,967 --> 00:17:43,933 medicines and not the equipment, which is, of course 439 00:17:43,933 --> 00:17:45,400 equipment, which is, of course a broad definition uh with 440 00:17:45,400 --> 00:17:47,234 a broad definition uh with respect to what will happen in 441 00:17:47,234 --> 00:17:50,167 respect to what will happen in the crisis. Um we saw an 442 00:17:50,167 --> 00:17:51,834 the crisis. Um we saw an increase in production of some 443 00:17:51,834 --> 00:17:54,333 increase in production of some medicines, the average uh 444 00:17:54,333 --> 00:17:55,700 medicines, the average uh should have gone up by 40% 445 00:17:55,700 --> 00:17:57,567 should have gone up by 40% said, But for some medicines, 446 00:17:57,567 --> 00:17:58,634 said, But for some medicines, we saw an increase in 447 00:17:58,634 --> 00:18:01,367 we saw an increase in production of 900% over the 448 00:18:01,367 --> 00:18:02,867 production of 900% over the past months, and that of 449 00:18:02,867 --> 00:18:04,767 past months, and that of course, uh stretches the 450 00:18:04,767 --> 00:18:06,767 course, uh stretches the production. but it meant that 451 00:18:06,767 --> 00:18:08,466 production. but it meant that uh overall, the industry was 452 00:18:08,466 --> 00:18:10,000 uh overall, the industry was able to meet that demand even 453 00:18:10,000 --> 00:18:12,400 able to meet that demand even though. There were 600 sort of 454 00:18:12,400 --> 00:18:15,067 though. There were 600 sort of near shortage moments at some 455 00:18:15,067 --> 00:18:17,167 near shortage moments at some point, with respect to uh to 456 00:18:17,167 --> 00:18:18,866 point, with respect to uh to medicines um so restricting 457 00:18:18,866 --> 00:18:20,033 medicines um so restricting trade may seem optimal from an 458 00:18:20,033 --> 00:18:21,800 trade may seem optimal from an in video and perspective, but 459 00:18:21,800 --> 00:18:23,934 in video and perspective, but it’s rather detrimental from a 460 00:18:23,934 --> 00:18:26,267 it’s rather detrimental from a global supply chain. so um the 461 00:18:26,267 --> 00:18:28,000 global supply chain. so um the other big uh challenge and an 462 00:18:28,000 --> 00:18:29,267 other big uh challenge and an effort for the industry right 463 00:18:29,267 --> 00:18:31,966 effort for the industry right now is to focus on RD looking 464 00:18:31,966 --> 00:18:33,533 now is to focus on RD looking at the treatment and the 465 00:18:33,533 --> 00:18:35,167 at the treatment and the vaccines needed to combat the 466 00:18:35,167 --> 00:18:38,234 vaccines needed to combat the pandemic. Uh I must see a very 467 00:18:38,234 --> 00:18:40,400 pandemic. Uh I must see a very good is happening with 468 00:18:40,400 --> 00:18:42,867 good is happening with regulators um. Political 469 00:18:42,867 --> 00:18:45,300 regulators um. Political pressure for speed are not 470 00:18:45,300 --> 00:18:46,767 pressure for speed are not helping vaccines will only be 471 00:18:46,767 --> 00:18:48,333 helping vaccines will only be successful in industry is very 472 00:18:48,333 --> 00:18:49,900 successful in industry is very clear about this if they’re 473 00:18:49,900 --> 00:18:52,500 clear about this if they’re also safe to take and we do not 474 00:18:52,500 --> 00:18:54,033 also safe to take and we do not want to increase vaccine as you 475 00:18:54,033 --> 00:18:56,500 want to increase vaccine as you can see by uh trying to speed 476 00:18:56,500 --> 00:18:58,000 can see by uh trying to speed up something and cut quality 477 00:18:58,000 --> 00:18:59,633 up something and cut quality cords that is absolutely vital 478 00:18:59,633 --> 00:19:01,800 cords that is absolutely vital and crucial point to make also 479 00:19:01,800 --> 00:19:04,433 and crucial point to make also not only now but going forward 480 00:19:04,433 --> 00:19:05,966 not only now but going forward um I should also say that the 481 00:19:05,966 --> 00:19:07,400 um I should also say that the level of partnerships the 482 00:19:07,400 --> 00:19:09,467 level of partnerships the partnerships that are happening 483 00:19:09,467 --> 00:19:11,466 partnerships that are happening are immense its. It’s very 484 00:19:11,466 --> 00:19:12,466 are immense its. It’s very challenging, but both public 485 00:19:12,466 --> 00:19:14,500 challenging, but both public private and private markets 486 00:19:14,500 --> 00:19:17,867 private and private markets have boomed in order. Nineteen 487 00:19:17,867 --> 00:19:20,199 have boomed in order. Nineteen um Auntie other challenges, and 488 00:19:20,199 --> 00:19:23,066 um Auntie other challenges, and that’s one is when you when you 489 00:19:23,066 --> 00:19:25,600 that’s one is when you when you look at shortages. The shortage 490 00:19:25,600 --> 00:19:27,867 look at shortages. The shortage is the mismatch between uh what 491 00:19:27,867 --> 00:19:29,299 is the mismatch between uh what is being supplied and what is 492 00:19:29,299 --> 00:19:30,000 is being supplied and what is being demanded and here there 493 00:19:30,000 --> 00:19:32,300 being demanded and here there are two things in that matter 494 00:19:32,300 --> 00:19:34,800 are two things in that matter in the beginning, um the the 495 00:19:34,800 --> 00:19:36,299 in the beginning, um the the The restrictions were such that 496 00:19:36,299 --> 00:19:39,699 The restrictions were such that it was also not clear where the 497 00:19:39,699 --> 00:19:40,467 it was also not clear where the shortage and demands were many 498 00:19:40,467 --> 00:19:42,699 shortage and demands were many health care systems are very 499 00:19:42,699 --> 00:19:44,433 health care systems are very fragmented and a hospital know 500 00:19:44,433 --> 00:19:45,400 fragmented and a hospital know the shortages they have, but 501 00:19:45,400 --> 00:19:46,866 the shortages they have, but it’s very difficult. Point to 502 00:19:46,866 --> 00:19:50,400 it’s very difficult. Point to know exactly what is the demand 503 00:19:50,400 --> 00:19:52,533 know exactly what is the demand in one member state as a whole, 504 00:19:52,533 --> 00:19:54,466 in one member state as a whole, uh with respect to the need of 505 00:19:54,466 --> 00:19:57,334 uh with respect to the need of medicine so as to adjust supply 506 00:19:57,334 --> 00:19:58,933 medicine so as to adjust supply or to reroute supply chains in 507 00:19:58,933 --> 00:20:01,400 or to reroute supply chains in order to meet that amount, the 508 00:20:01,400 --> 00:20:03,000 order to meet that amount, the other point I would like to 509 00:20:03,000 --> 00:20:04,366 other point I would like to make is that and this is an 510 00:20:04,366 --> 00:20:06,834 make is that and this is an issue today that it’s very 511 00:20:06,834 --> 00:20:08,334 issue today that it’s very important to use the right 512 00:20:08,334 --> 00:20:09,667 important to use the right definition the right approach 513 00:20:09,667 --> 00:20:11,900 definition the right approach to shortages um if uh what you 514 00:20:11,900 --> 00:20:14,799 to shortages um if uh what you saw in Mark is also due to the 515 00:20:14,799 --> 00:20:16,066 saw in Mark is also due to the fact that people perceive the 516 00:20:16,066 --> 00:20:17,267 fact that people perceive the high level of risk they start 517 00:20:17,267 --> 00:20:18,700 high level of risk they start of avoiding they started to 518 00:20:18,700 --> 00:20:21,967 of avoiding they started to stock up. 519 00:20:55,766 --> 00:20:59,134 Uh of um human or veterinary 520 00:20:59,134 --> 00:21:01,500 Uh of um human or veterinary use and medicinal product is 521 00:21:01,500 --> 00:21:03,634 use and medicinal product is defined as when supply does not 522 00:21:03,634 --> 00:21:05,334 defined as when supply does not mean the patient need at a 523 00:21:05,334 --> 00:21:07,500 mean the patient need at a national level and not demand 524 00:21:07,500 --> 00:21:08,000 national level and not demand and the last point I would like 525 00:21:08,000 --> 00:21:10,600 and the last point I would like to make uh in general is the 526 00:21:10,600 --> 00:21:13,767 to make uh in general is the fact that II want to uh benefit 527 00:21:13,767 --> 00:21:16,799 fact that II want to uh benefit of the fact that the whole 528 00:21:16,799 --> 00:21:19,833 of the fact that the whole discussion of covet nineteen is 529 00:21:19,833 --> 00:21:21,233 discussion of covet nineteen is one is is the most important 530 00:21:21,233 --> 00:21:22,333 one is is the most important thing, but there are other 531 00:21:22,333 --> 00:21:24,533 thing, but there are other files that kind come and 532 00:21:24,533 --> 00:21:28,066 files that kind come and interfere and act. 533 00:21:58,967 --> 00:22:01,334 Um what you see is that there 534 00:22:01,334 --> 00:22:03,534 Um what you see is that there is a possibility for Brexit, 535 00:22:03,534 --> 00:22:05,800 is a possibility for Brexit, which would lead to a rupturing 536 00:22:05,800 --> 00:22:07,400 which would lead to a rupturing of global supplies between Thea 537 00:22:07,400 --> 00:22:09,701 of global supplies between Thea and the U five seven, and it 538 00:22:09,701 --> 00:22:12,333 and the U five seven, and it will increase therefore, the 539 00:22:12,333 --> 00:22:13,400 will increase therefore, the Eu’s resilient that it will 540 00:22:13,400 --> 00:22:14,734 Eu’s resilient that it will increase the use depending on 541 00:22:14,734 --> 00:22:18,000 increase the use depending on sorry on non European actors 542 00:22:18,000 --> 00:22:20,433 sorry on non European actors and it distracts the industry 543 00:22:20,433 --> 00:22:22,000 and it distracts the industry from the absolute priority of 544 00:22:22,000 --> 00:22:23,767 from the absolute priority of covid-nineteen nineteen it is 545 00:22:23,767 --> 00:22:25,833 covid-nineteen nineteen it is for that reason that uh this is 546 00:22:25,833 --> 00:22:27,133 for that reason that uh this is a related challenge, and of 547 00:22:27,133 --> 00:22:28,500 a related challenge, and of course for us. The challenge is 548 00:22:28,500 --> 00:22:31,534 course for us. The challenge is the. 549 00:22:58,833 --> 00:23:01,500 On top of all, this is done in 550 00:23:01,500 --> 00:23:02,967 On top of all, this is done in my last point and then I pass 551 00:23:02,967 --> 00:23:05,167 my last point and then I pass the ball back to is the fact 552 00:23:05,167 --> 00:23:07,000 the ball back to is the fact that I should also stress that 553 00:23:07,000 --> 00:23:10,400 that I should also stress that after the initial taken uh in 554 00:23:10,400 --> 00:23:12,400 after the initial taken uh in Europe, one member states the 555 00:23:12,400 --> 00:23:13,367 Europe, one member states the corporation we had as an 556 00:23:13,367 --> 00:23:16,734 corporation we had as an industry with EU commissioner 557 00:23:16,734 --> 00:23:18,367 industry with EU commissioner to remove some of these 558 00:23:18,367 --> 00:23:19,100 to remove some of these restricts, for example, 559 00:23:19,100 --> 00:23:21,167 restricts, for example, introducing green lanes and 560 00:23:21,167 --> 00:23:22,767 introducing green lanes and other elements to make sure 561 00:23:22,767 --> 00:23:26,201 other elements to make sure that this was uh facilitated 562 00:23:26,201 --> 00:23:28,533 that this was uh facilitated spy and maybe fueled will be 563 00:23:28,533 --> 00:23:30,133 spy and maybe fueled will be the terrible situation that 564 00:23:30,133 --> 00:23:34,133 the terrible situation that happened in. 565 00:24:07,733 --> 00:24:09,334 From there but for the uh for 566 00:24:09,334 --> 00:24:11,400 From there but for the uh for the nineteen research, I’ll 567 00:24:11,400 --> 00:24:13,367 the nineteen research, I’ll leave it at that. thank you. 568 00:24:13,367 --> 00:24:15,934 leave it at that. thank you. Thank you very much for this 569 00:24:15,934 --> 00:24:17,667 Thank you very much for this outline of the experience of 570 00:24:17,667 --> 00:24:19,533 outline of the experience of the pharmaceutical industry, 571 00:24:19,533 --> 00:24:20,767 the pharmaceutical industry, which I think is very, very 572 00:24:20,767 --> 00:24:21,434 which I think is very, very helpful. I mean it’s an 573 00:24:21,434 --> 00:24:22,866 helpful. I mean it’s an academic. you always look at 574 00:24:22,866 --> 00:24:25,000 academic. you always look at the numbers and sometimes it’s 575 00:24:25,000 --> 00:24:25,800 the numbers and sometimes it’s difficult to really to read 576 00:24:25,800 --> 00:24:27,366 difficult to really to read into that. but actually the 577 00:24:27,366 --> 00:24:29,400 into that. but actually the challenges are um I want to go 578 00:24:29,400 --> 00:24:31,701 challenges are um I want to go now in the second half of our 579 00:24:31,701 --> 00:24:32,933 now in the second half of our discussion. I want to go a bit 580 00:24:32,933 --> 00:24:34,433 discussion. I want to go a bit into the future. What could be 581 00:24:34,433 --> 00:24:36,734 into the future. What could be the policies and I think 582 00:24:36,734 --> 00:24:38,000 the policies and I think sometimes it presents. A little 583 00:24:38,000 --> 00:24:40,500 sometimes it presents. A little bit as a as a as a prison that 584 00:24:40,500 --> 00:24:42,699 bit as a as a as a prison that every country wants to procure 585 00:24:42,699 --> 00:24:44,234 every country wants to procure the most for themselves, but 586 00:24:44,234 --> 00:24:45,967 the most for themselves, but then actually uh if everyone 587 00:24:45,967 --> 00:24:47,467 then actually uh if everyone does that we disrupt the value 588 00:24:47,467 --> 00:24:51,533 does that we disrupt the value chain we do the um the uh the 589 00:24:51,533 --> 00:24:53,967 chain we do the um the uh the the basically supply for 590 00:24:53,967 --> 00:24:55,666 the basically supply for everyone. Um we have looked at 591 00:24:55,666 --> 00:24:56,734 everyone. Um we have looked at my own research. I’ve looked at 592 00:24:56,734 --> 00:24:57,967 my own research. I’ve looked at uh back in April, we looked at 593 00:24:57,967 --> 00:24:59,267 uh back in April, we looked at medical goods and actually 594 00:24:59,267 --> 00:25:01,533 medical goods and actually there’s this is the biggest 595 00:25:01,533 --> 00:25:03,333 there’s this is the biggest exporter of medical um medical 596 00:25:03,333 --> 00:25:04,367 exporter of medical um medical goods, according terrorism, and 597 00:25:04,367 --> 00:25:06,267 goods, according terrorism, and it’s 30% of global trade is a 598 00:25:06,267 --> 00:25:08,367 it’s 30% of global trade is a lot of talk. About China, but 599 00:25:08,367 --> 00:25:09,867 lot of talk. About China, but China is actually just a small 600 00:25:09,867 --> 00:25:10,767 China is actually just a small fraction in terms of the in 601 00:25:10,767 --> 00:25:12,967 fraction in terms of the in terms of value of not input but 602 00:25:12,967 --> 00:25:15,067 terms of value of not input but final goods. so my question for 603 00:25:15,067 --> 00:25:16,700 final goods. so my question for the second part and I want to 604 00:25:16,700 --> 00:25:17,934 the second part and I want to start to start with you. Mister 605 00:25:17,934 --> 00:25:20,801 start to start with you. Mister Rocco is uh basically what are 606 00:25:20,801 --> 00:25:21,633 Rocco is uh basically what are the things that you think 607 00:25:21,633 --> 00:25:23,000 the things that you think should not be changed that the 608 00:25:23,000 --> 00:25:25,100 should not be changed that the next time around we not face 609 00:25:25,100 --> 00:25:27,200 next time around we not face the same situation and also we 610 00:25:27,200 --> 00:25:28,267 the same situation and also we kind of get more resilient. Is 611 00:25:28,267 --> 00:25:29,967 kind of get more resilient. Is it a problem that we are too 612 00:25:29,967 --> 00:25:32,466 it a problem that we are too dependent um is there is are we 613 00:25:32,466 --> 00:25:33,867 dependent um is there is are we at risk of in the geopolitical 614 00:25:33,867 --> 00:25:34,667 at risk of in the geopolitical struggle? Maybe with China, 615 00:25:34,667 --> 00:25:37,000 struggle? Maybe with China, maybe with other actors. That 616 00:25:37,000 --> 00:25:39,200 maybe with other actors. That our supply chains might be 617 00:25:39,200 --> 00:25:41,767 our supply chains might be disrupted or um is actually we 618 00:25:41,767 --> 00:25:43,234 disrupted or um is actually we just have to adjust a bit the 619 00:25:43,234 --> 00:25:44,167 just have to adjust a bit the policies that have right now, 620 00:25:44,167 --> 00:25:45,734 policies that have right now, but the system itself works 621 00:25:45,734 --> 00:25:47,234 but the system itself works well. What is your perspective 622 00:25:47,234 --> 00:25:52,233 well. What is your perspective on this question? Yes. uh Italy 623 00:25:52,233 --> 00:25:53,967 on this question? Yes. uh Italy is known as a county that is a 624 00:25:53,967 --> 00:25:56,766 is known as a county that is a big production of drugs 625 00:25:56,766 --> 00:25:58,233 big production of drugs generally, so we should not 626 00:25:58,233 --> 00:26:00,933 generally, so we should not have problems but uh 627 00:26:00,933 --> 00:26:03,300 have problems but uh unfortunately our raw materials 628 00:26:03,300 --> 00:26:05,967 unfortunately our raw materials also Italy impart the it 629 00:26:05,967 --> 00:26:08,600 also Italy impart the it depends. From other countries, 630 00:26:08,600 --> 00:26:10,900 depends. From other countries, I don’t wanna I don’t wanna 631 00:26:10,900 --> 00:26:14,367 I don’t wanna I don’t wanna criminalize no one and no, but 632 00:26:14,367 --> 00:26:17,533 criminalize no one and no, but obviously II think also from 633 00:26:17,533 --> 00:26:21,300 obviously II think also from the less that uh generally 634 00:26:21,300 --> 00:26:23,901 the less that uh generally speaking, we should revise that 635 00:26:23,901 --> 00:26:26,833 speaking, we should revise that the model of the model and the 636 00:26:26,833 --> 00:26:32,300 the model of the model and the uh and the uh our best to have 637 00:26:32,300 --> 00:26:38,566 uh and the uh our best to have um a more uh as the. Uh of the 638 00:26:38,566 --> 00:26:45,000 um a more uh as the. Uh of the of the production and um. 639 00:27:50,967 --> 00:27:54,133 eh Facebook 640 00:28:17,200 --> 00:28:20,966 eh Buffer that due to the fact 641 00:28:20,966 --> 00:28:24,467 eh Buffer that due to the fact that we have not but anyway, um 642 00:28:24,467 --> 00:28:27,233 that we have not but anyway, um we are we are already spent 643 00:28:27,233 --> 00:28:29,767 we are we are already spent money without having that in in 644 00:28:29,767 --> 00:28:32,301 money without having that in in our hands at the moment. So 645 00:28:32,301 --> 00:28:33,967 our hands at the moment. So this is a total of a new model. 646 00:28:33,967 --> 00:28:37,867 this is a total of a new model. uh it was discussed in the 647 00:28:37,867 --> 00:28:39,466 uh it was discussed in the past, but probably it’s the 648 00:28:39,466 --> 00:28:41,933 past, but probably it’s the first time that it was used in 649 00:28:41,933 --> 00:28:45,867 first time that it was used in a bigger scale um so also the 650 00:28:45,867 --> 00:28:48,300 a bigger scale um so also the advance for chasing risk 651 00:28:48,300 --> 00:28:49,733 advance for chasing risk sharing this concept are 652 00:28:49,733 --> 00:28:53,500 sharing this concept are totally new. 653 00:29:56,300 --> 00:30:01,467 Or about to do this one one um 654 00:30:01,467 --> 00:30:03,034 Or about to do this one one um thing that is has been done in 655 00:30:03,034 --> 00:30:05,434 thing that is has been done in the last month, It is clearing 656 00:30:05,434 --> 00:30:06,600 the last month, It is clearing houses that we developed the 657 00:30:06,600 --> 00:30:09,100 houses that we developed the European level and the 658 00:30:09,100 --> 00:30:10,933 European level and the participating on that, also 659 00:30:10,933 --> 00:30:17,233 participating on that, also with some um provisions some um 660 00:30:17,233 --> 00:30:19,166 with some um provisions some um for uh shortage for the future 661 00:30:19,166 --> 00:30:21,766 for uh shortage for the future and it is it itself first 662 00:30:21,766 --> 00:30:23,267 and it is it itself first exercise, but I think it’s a 663 00:30:23,267 --> 00:30:25,534 exercise, but I think it’s a good a good way for acting. 664 00:30:25,534 --> 00:30:28,766 good a good way for acting. it’s. Solving but helping uh 665 00:30:28,766 --> 00:30:32,733 it’s. Solving but helping uh counties to deal with this big 666 00:30:32,733 --> 00:30:35,900 counties to deal with this big as big problems that we have, I 667 00:30:35,900 --> 00:30:40,900 as big problems that we have, I think these are many many many 668 00:30:40,900 --> 00:30:43,533 think these are many many many many approach that we have we 669 00:30:43,533 --> 00:30:47,234 many approach that we have we have to use all these 670 00:30:47,234 --> 00:30:50,334 have to use all these international and in the clever 671 00:30:50,334 --> 00:30:52,700 international and in the clever way of starting from this, what 672 00:30:52,700 --> 00:30:54,267 way of starting from this, what is happening that what happens 673 00:30:54,267 --> 00:30:57,967 is happening that what happens and uh and 674 00:31:28,833 --> 00:31:30,367 Localized approach is the right 675 00:31:30,367 --> 00:31:31,500 Localized approach is the right approach for your industry, or 676 00:31:31,500 --> 00:31:33,733 approach for your industry, or is it more about kind of 677 00:31:33,733 --> 00:31:36,300 is it more about kind of diversifying uh geographically 678 00:31:36,300 --> 00:31:37,067 diversifying uh geographically your production and what would 679 00:31:37,067 --> 00:31:39,234 your production and what would be the policy tools that any of 680 00:31:39,234 --> 00:31:40,934 be the policy tools that any of you would be the right to 681 00:31:40,934 --> 00:31:45,333 you would be the right to address this. Thank you any 682 00:31:45,333 --> 00:31:47,667 address this. Thank you any class uh to be to be very 683 00:31:47,667 --> 00:31:49,333 class uh to be to be very clear. First. I think I think 684 00:31:49,333 --> 00:31:52,234 clear. First. I think I think in the end what the government 685 00:31:52,234 --> 00:31:53,533 in the end what the government uh industry has in common is 686 00:31:53,533 --> 00:31:54,900 uh industry has in common is that we wanna make sure that 687 00:31:54,900 --> 00:31:56,234 that we wanna make sure that it’s the patient that gets the 688 00:31:56,234 --> 00:31:57,733 it’s the patient that gets the treatment they need is the 689 00:31:57,733 --> 00:31:58,966 treatment they need is the patient who gets the access to 690 00:31:58,966 --> 00:32:01,266 patient who gets the access to the medicine that they need. so 691 00:32:01,266 --> 00:32:03,734 the medicine that they need. so I think I would say it’s a 692 00:32:03,734 --> 00:32:05,799 I think I would say it’s a unanimous consensus that we all 693 00:32:05,799 --> 00:32:07,500 unanimous consensus that we all have to do everything possible 694 00:32:07,500 --> 00:32:08,400 have to do everything possible to make sure that situations 695 00:32:08,400 --> 00:32:10,833 to make sure that situations like what happens in March with 696 00:32:10,833 --> 00:32:12,633 like what happens in March with P doesn’t happen again and I 697 00:32:12,633 --> 00:32:14,234 P doesn’t happen again and I think that’s an object to share 698 00:32:14,234 --> 00:32:15,067 think that’s an object to share about everyone. So then the 699 00:32:15,067 --> 00:32:18,733 about everyone. So then the question is. How you achieve 700 00:32:18,733 --> 00:32:21,767 question is. How you achieve that objective and um we’d see 701 00:32:21,767 --> 00:32:23,801 that objective and um we’d see that there is this sort of 702 00:32:23,801 --> 00:32:24,534 that there is this sort of short-term response. that says 703 00:32:24,534 --> 00:32:26,733 short-term response. that says we don’t wanna depend on anyone 704 00:32:26,733 --> 00:32:28,000 we don’t wanna depend on anyone so therefore, let’s do 705 00:32:28,000 --> 00:32:29,334 so therefore, let’s do everything in house and 706 00:32:29,334 --> 00:32:30,200 everything in house and localize. We believe that’s 707 00:32:30,200 --> 00:32:31,934 localize. We believe that’s what we expect from the wrong 708 00:32:31,934 --> 00:32:33,733 what we expect from the wrong end really not the way to go 709 00:32:33,733 --> 00:32:36,300 end really not the way to go you can uh um it’s also 710 00:32:36,300 --> 00:32:37,333 you can uh um it’s also important and I’m happy that 711 00:32:37,333 --> 00:32:38,900 important and I’m happy that are so freelance when you said 712 00:32:38,900 --> 00:32:41,967 are so freelance when you said that that it’s really vital and 713 00:32:41,967 --> 00:32:43,800 that that it’s really vital and you refer to this. the fact 714 00:32:43,800 --> 00:32:47,000 you refer to this. the fact that we use the day. To inform 715 00:32:47,000 --> 00:32:49,867 that we use the day. To inform us on how to uh work because if 716 00:32:49,867 --> 00:32:52,300 us on how to uh work because if you have facts right basically 717 00:32:52,300 --> 00:32:53,867 you have facts right basically in to stay in a medical 718 00:32:53,867 --> 00:32:56,333 in to stay in a medical metaphor if you misdiagnosed 719 00:32:56,333 --> 00:32:57,833 metaphor if you misdiagnosed patient or you use the wrong 720 00:32:57,833 --> 00:33:00,299 patient or you use the wrong data, you prescribe the wrong 721 00:33:00,299 --> 00:33:01,667 data, you prescribe the wrong medicine and the consequences 722 00:33:01,667 --> 00:33:03,000 medicine and the consequences for the patient can potentially 723 00:33:03,000 --> 00:33:05,199 for the patient can potentially be very dire in a point each. 724 00:33:05,199 --> 00:33:05,866 be very dire in a point each. We’re all trying to save and 725 00:33:05,866 --> 00:33:09,499 We’re all trying to save and help so um I think what is 726 00:33:09,499 --> 00:33:11,333 help so um I think what is important is looking at the 727 00:33:11,333 --> 00:33:13,900 important is looking at the issue of uh autonomy 728 00:33:13,900 --> 00:33:15,333 issue of uh autonomy localization. We think that’s 729 00:33:15,333 --> 00:33:17,434 localization. We think that’s not the right way to approach 730 00:33:17,434 --> 00:33:18,133 not the right way to approach this. I think we think it’s 731 00:33:18,133 --> 00:33:19,967 this. I think we think it’s funny to make sure that 732 00:33:19,967 --> 00:33:23,500 funny to make sure that supplies. Can apply lessons 733 00:33:23,500 --> 00:33:24,767 supplies. Can apply lessons continue or not and not be 734 00:33:24,767 --> 00:33:27,299 continue or not and not be interrupted so resilience is a 735 00:33:27,299 --> 00:33:29,700 interrupted so resilience is a much better concept. and that’s 736 00:33:29,700 --> 00:33:32,700 much better concept. and that’s why in the here did serve in 737 00:33:32,700 --> 00:33:34,467 why in the here did serve in the ultimate in fact, uh above 738 00:33:34,467 --> 00:33:37,900 the ultimate in fact, uh above water in terms of what is the 739 00:33:37,900 --> 00:33:38,300 water in terms of what is the resilience and what level of 740 00:33:38,300 --> 00:33:40,700 resilience and what level of dependence do we have it turned 741 00:33:40,700 --> 00:33:44,334 dependence do we have it turned out that 77% of our active 742 00:33:44,334 --> 00:33:45,234 out that 77% of our active suitable ingredients from the 743 00:33:45,234 --> 00:33:46,533 suitable ingredients from the for the innovative 744 00:33:46,533 --> 00:33:47,700 for the innovative pharmaceutical industry are 745 00:33:47,700 --> 00:33:49,667 pharmaceutical industry are sourced from Europe 746 00:33:49,667 --> 00:33:51,733 sourced from Europe Seventy-seven. 12% of source 747 00:33:51,733 --> 00:33:54,434 Seventy-seven. 12% of source from the United States and 9% 748 00:33:54,434 --> 00:33:57,800 from the United States and 9% from Asia India, China, Japan 749 00:33:57,800 --> 00:34:00,867 from Asia India, China, Japan Korea combined so that does not 750 00:34:00,867 --> 00:34:03,334 Korea combined so that does not point for the of the issue to 751 00:34:03,334 --> 00:34:05,966 point for the of the issue to dependence on like China, 752 00:34:05,966 --> 00:34:06,434 dependence on like China, something that is a very 753 00:34:06,434 --> 00:34:08,867 something that is a very persistent I think 754 00:34:08,867 --> 00:34:09,400 persistent I think misunderstanding in policy 755 00:34:09,400 --> 00:34:11,600 misunderstanding in policy circles We then thought Oh, 756 00:34:11,600 --> 00:34:13,000 circles We then thought Oh, maybe we also need to look at 757 00:34:13,000 --> 00:34:14,267 maybe we also need to look at the history as a whole and not 758 00:34:14,267 --> 00:34:15,867 the history as a whole and not just the innovative industry 759 00:34:15,867 --> 00:34:17,933 just the innovative industry because uh let’s let’s look at 760 00:34:17,933 --> 00:34:19,633 because uh let’s let’s look at the stats that is and if you 761 00:34:19,633 --> 00:34:21,033 the stats that is and if you look at the euro is it’s an 762 00:34:21,033 --> 00:34:22,533 look at the euro is it’s an east side that study on this in 763 00:34:22,533 --> 00:34:24,967 east side that study on this in a halfway this year where they 764 00:34:24,967 --> 00:34:27,533 a halfway this year where they basically. That 70% of the 765 00:34:27,533 --> 00:34:29,833 basically. That 70% of the imports of Apis come from from 766 00:34:29,833 --> 00:34:31,667 imports of Apis come from from the EU. uh that’s a little bit 767 00:34:31,667 --> 00:34:33,200 the EU. uh that’s a little bit lower than the seven, but also 768 00:34:33,200 --> 00:34:33,967 lower than the seven, but also the generic. so it’s generic 769 00:34:33,967 --> 00:34:37,434 the generic. so it’s generic and novel industries only in 770 00:34:37,434 --> 00:34:38,866 and novel industries only in volume terms. so in terms of 771 00:34:38,866 --> 00:34:41,966 volume terms. so in terms of kilos of of imports, uh the e 772 00:34:41,966 --> 00:34:44,300 kilos of of imports, uh the e imports twenty-two point. 22.5% 773 00:34:44,300 --> 00:34:47,034 imports twenty-two point. 22.5% of their Apis, the 774 00:34:47,034 --> 00:34:47,667 of their Apis, the pharmaceutical ingredient used 775 00:34:47,667 --> 00:34:50,866 pharmaceutical ingredient used in medicines from China. uh 776 00:34:50,866 --> 00:34:52,434 in medicines from China. uh that’s significant, but it’s by 777 00:34:52,434 --> 00:34:54,000 that’s significant, but it’s by far not close to some numbers 778 00:34:54,000 --> 00:34:55,300 far not close to some numbers that circulate about things 779 00:34:55,300 --> 00:34:57,166 that circulate about things like 80% dependents etcetera. 780 00:34:57,166 --> 00:35:00,767 like 80% dependents etcetera. We just pert. Correct the um 781 00:35:00,767 --> 00:35:03,400 We just pert. Correct the um state of the fact that the 782 00:35:03,400 --> 00:35:04,734 state of the fact that the exports around the uh if there 783 00:35:04,734 --> 00:35:07,467 exports around the uh if there is one of the largest medicine 784 00:35:07,467 --> 00:35:08,733 is one of the largest medicine export in the world, 64%, in 785 00:35:08,733 --> 00:35:10,467 export in the world, 64%, in fact for medicine, and that 786 00:35:10,467 --> 00:35:11,967 fact for medicine, and that means if you’re in the 787 00:35:11,967 --> 00:35:13,801 means if you’re in the situation, you’re already a 788 00:35:13,801 --> 00:35:15,599 situation, you’re already a relative resilient position. 789 00:35:15,599 --> 00:35:17,200 relative resilient position. Yeah, if you’re in a much more 790 00:35:17,200 --> 00:35:19,366 Yeah, if you’re in a much more challenging position if you’re 791 00:35:19,366 --> 00:35:20,834 challenging position if you’re a developing country compared 792 00:35:20,834 --> 00:35:23,767 a developing country compared to the where the EU is so given 793 00:35:23,767 --> 00:35:25,867 to the where the EU is so given that situation that starting 794 00:35:25,867 --> 00:35:26,934 that situation that starting from that factual dates gates 795 00:35:26,934 --> 00:35:29,567 from that factual dates gates uh reassuring. Or taking supply 796 00:35:29,567 --> 00:35:31,834 uh reassuring. Or taking supply chains that if that is followed 797 00:35:31,834 --> 00:35:33,700 chains that if that is followed by others, the EU would see 798 00:35:33,700 --> 00:35:35,967 by others, the EU would see more supply chains leave and 799 00:35:35,967 --> 00:35:37,666 more supply chains leave and come, and that’s sort of a lost 800 00:35:37,666 --> 00:35:39,067 come, and that’s sort of a lost situation. uh because that 801 00:35:39,067 --> 00:35:40,767 situation. uh because that means also the opportunities 802 00:35:40,767 --> 00:35:42,066 means also the opportunities for the European Pharmaceutical 803 00:35:42,066 --> 00:35:43,767 for the European Pharmaceutical industry produces medicine’s 804 00:35:43,767 --> 00:35:45,401 industry produces medicine’s health for other areas in the 805 00:35:45,401 --> 00:35:47,133 health for other areas in the world are decreased. It doesn’t 806 00:35:47,133 --> 00:35:49,767 world are decreased. It doesn’t mean that there are some very 807 00:35:49,767 --> 00:35:51,066 mean that there are some very individual specific products 808 00:35:51,066 --> 00:35:53,233 individual specific products where there is a degree of 809 00:35:53,233 --> 00:35:55,067 where there is a degree of dependency and we’re also the 810 00:35:55,067 --> 00:35:56,400 dependency and we’re also the sources of supply are limited 811 00:35:56,400 --> 00:35:57,466 sources of supply are limited you see so if there is a 812 00:35:57,466 --> 00:36:00,600 you see so if there is a depend. 813 00:36:27,900 --> 00:36:29,600 For the national measure, first 814 00:36:29,600 --> 00:36:31,334 For the national measure, first to give all the vaccines to 815 00:36:31,334 --> 00:36:33,267 to give all the vaccines to people in my country and then 816 00:36:33,267 --> 00:36:35,500 people in my country and then you uh export vaccines because 817 00:36:35,500 --> 00:36:37,033 you uh export vaccines because that would have the same effect 818 00:36:37,033 --> 00:36:39,266 that would have the same effect as we saw in March. So I think 819 00:36:39,266 --> 00:36:41,267 as we saw in March. So I think uh the industry is very clear 820 00:36:41,267 --> 00:36:43,934 uh the industry is very clear that uh vaccine nationalism is 821 00:36:43,934 --> 00:36:45,766 that uh vaccine nationalism is not the right way to go Street 822 00:36:45,766 --> 00:36:47,500 not the right way to go Street is at this moment already 823 00:36:47,500 --> 00:36:49,334 is at this moment already producing at risk uh the 824 00:36:49,334 --> 00:36:50,467 producing at risk uh the medicine and the vaccines are 825 00:36:50,467 --> 00:36:52,867 medicine and the vaccines are not yet approved, but they are 826 00:36:52,867 --> 00:36:55,333 not yet approved, but they are being produced because once 827 00:36:55,333 --> 00:36:56,933 being produced because once they get regulatory approval, 828 00:36:56,933 --> 00:36:57,700 they get regulatory approval, they have to be on the market 829 00:36:57,700 --> 00:36:59,666 they have to be on the market with infinite amount instantly. 830 00:36:59,666 --> 00:37:01,567 with infinite amount instantly. The industry is also signing. A 831 00:37:01,567 --> 00:37:03,034 The industry is also signing. A lot of agreements with with 832 00:37:03,034 --> 00:37:05,566 lot of agreements with with other elements in the world um 833 00:37:05,566 --> 00:37:06,967 other elements in the world um in order to make sure that 834 00:37:06,967 --> 00:37:09,201 in order to make sure that these are also available as 835 00:37:09,201 --> 00:37:10,900 these are also available as groggy as possible for any 836 00:37:10,900 --> 00:37:12,767 groggy as possible for any country um and then maybe my 837 00:37:12,767 --> 00:37:15,000 country um and then maybe my last point relates a bit to the 838 00:37:15,000 --> 00:37:16,867 last point relates a bit to the longer term future in so if 839 00:37:16,867 --> 00:37:18,733 longer term future in so if localizing is not the way to go 840 00:37:18,733 --> 00:37:22,566 localizing is not the way to go uh if stockpile the risk that 841 00:37:22,566 --> 00:37:24,833 uh if stockpile the risk that as we saw in Italy in some 842 00:37:24,833 --> 00:37:26,434 as we saw in Italy in some countries, there are Egypt 843 00:37:26,434 --> 00:37:27,899 countries, there are Egypt stocks of face masks and in 844 00:37:27,899 --> 00:37:29,233 stocks of face masks and in Italy doctor has to go into a 845 00:37:29,233 --> 00:37:30,000 Italy doctor has to go into a hospital with competitions 846 00:37:30,000 --> 00:37:32,233 hospital with competitions with. Face masks that is 847 00:37:32,233 --> 00:37:33,633 with. Face masks that is unacceptable and that’s the 848 00:37:33,633 --> 00:37:35,801 unacceptable and that’s the effect of filing hands. It’s 849 00:37:35,801 --> 00:37:37,400 effect of filing hands. It’s the best short-term solution 850 00:37:37,400 --> 00:37:41,467 the best short-term solution and it doesn’t like address the 851 00:37:41,467 --> 00:37:45,334 and it doesn’t like address the critical issue it distorts the 852 00:37:45,334 --> 00:37:46,900 critical issue it distorts the access um, but we believe is 853 00:37:46,900 --> 00:37:48,467 access um, but we believe is important is that you have a 854 00:37:48,467 --> 00:37:50,734 important is that you have a very product specific analysis 855 00:37:50,734 --> 00:37:52,266 very product specific analysis for us specific dependencies 856 00:37:52,266 --> 00:37:54,999 for us specific dependencies and resilience, but uh more 857 00:37:54,999 --> 00:37:56,300 and resilience, but uh more importantly and also for future 858 00:37:56,300 --> 00:37:59,933 importantly and also for future pandemics because maybe in 2035 859 00:37:59,933 --> 00:38:02,367 pandemics because maybe in 2035 or 2040, there will be another. 860 00:38:02,367 --> 00:38:04,066 or 2040, there will be another. That we have no idea uh it’s 861 00:38:04,066 --> 00:38:06,099 That we have no idea uh it’s coming and we cannot prepare 862 00:38:06,099 --> 00:38:07,399 coming and we cannot prepare for and because we don’t know 863 00:38:07,399 --> 00:38:08,834 for and because we don’t know in sense that we don’t know 864 00:38:08,834 --> 00:38:10,433 in sense that we don’t know what’s going to happen. uh the 865 00:38:10,433 --> 00:38:12,867 what’s going to happen. uh the future is uncertain but to 866 00:38:12,867 --> 00:38:15,367 future is uncertain but to increase resilience it’s very 867 00:38:15,367 --> 00:38:15,834 increase resilience it’s very important to make sure that 868 00:38:15,834 --> 00:38:19,500 important to make sure that there’s a strong RD framework 869 00:38:19,500 --> 00:38:20,666 there’s a strong RD framework that allows the industry to 870 00:38:20,666 --> 00:38:23,367 that allows the industry to move fast Whatever challenge in 871 00:38:23,367 --> 00:38:26,000 move fast Whatever challenge in the agile and to whatever 872 00:38:26,000 --> 00:38:27,600 the agile and to whatever arises so to be in the 873 00:38:27,600 --> 00:38:29,966 arises so to be in the forefront to look at trial RD 874 00:38:29,966 --> 00:38:31,900 forefront to look at trial RD to make sure that link to 875 00:38:31,900 --> 00:38:33,667 to make sure that link to advanced manufacturing, fast 876 00:38:33,667 --> 00:38:34,900 advanced manufacturing, fast and advanced manufacturing of 877 00:38:34,900 --> 00:38:36,467 and advanced manufacturing of the medicines of tomorrow and 878 00:38:36,467 --> 00:38:38,867 the medicines of tomorrow and look. The production of 879 00:38:38,867 --> 00:38:41,167 look. The production of medicines of yesterday and what 880 00:38:41,167 --> 00:38:42,967 medicines of yesterday and what real reassuring us is it 881 00:38:42,967 --> 00:38:43,966 real reassuring us is it focuses on the medicines of 882 00:38:43,966 --> 00:38:45,000 focuses on the medicines of today, the medicines that are 883 00:38:45,000 --> 00:38:46,700 today, the medicines that are being currently produced what I 884 00:38:46,700 --> 00:38:48,633 being currently produced what I think it’s the the crucial 885 00:38:48,633 --> 00:38:50,233 think it’s the the crucial point to add in a dynamic 886 00:38:50,233 --> 00:38:51,900 point to add in a dynamic sense. It’s also to look at 887 00:38:51,900 --> 00:38:53,366 sense. It’s also to look at foods working on the medicine 888 00:38:53,366 --> 00:38:55,167 foods working on the medicine of tomorrow and that means for 889 00:38:55,167 --> 00:38:57,400 of tomorrow and that means for the E in terms of a policy 890 00:38:57,400 --> 00:38:58,767 the E in terms of a policy perspective, there is no 891 00:38:58,767 --> 00:39:01,333 perspective, there is no discussion about the uh uh the 892 00:39:01,333 --> 00:39:02,800 discussion about the uh uh the pharmaceutical of strategy 893 00:39:02,800 --> 00:39:05,133 pharmaceutical of strategy looking at access of medicines 894 00:39:05,133 --> 00:39:05,966 looking at access of medicines for patients, but also on how 895 00:39:05,966 --> 00:39:09,234 for patients, but also on how to keep the innovative. 896 00:39:09,234 --> 00:39:10,867 to keep the innovative. Competitive globally if you 897 00:39:10,867 --> 00:39:12,867 Competitive globally if you does not do the research, he 898 00:39:12,867 --> 00:39:13,933 does not do the research, he also not the first one to 899 00:39:13,933 --> 00:39:16,467 also not the first one to manufacture of the access. so 900 00:39:16,467 --> 00:39:17,533 manufacture of the access. so that’s the important point to 901 00:39:17,533 --> 00:39:19,967 that’s the important point to me you have to trade strategy. 902 00:39:19,967 --> 00:39:21,966 me you have to trade strategy. That’s now ongoing uh in a very 903 00:39:21,966 --> 00:39:24,367 That’s now ongoing uh in a very timely way because uh, for 904 00:39:24,367 --> 00:39:26,734 timely way because uh, for example the idea about working 905 00:39:26,734 --> 00:39:29,399 example the idea about working at the W on an innovative uh on 906 00:39:29,399 --> 00:39:32,467 at the W on an innovative uh on a system for um uh trade in 907 00:39:32,467 --> 00:39:33,966 a system for um uh trade in health care products, we 908 00:39:33,966 --> 00:39:35,567 health care products, we believe is a very positive and 909 00:39:35,567 --> 00:39:36,967 believe is a very positive and strong way to grow and you have 910 00:39:36,967 --> 00:39:39,300 strong way to grow and you have the industry. Strategy that 911 00:39:39,300 --> 00:39:39,866 the industry. Strategy that should have as an opportunity 912 00:39:39,866 --> 00:39:42,867 should have as an opportunity and as a uh making EU an 913 00:39:42,867 --> 00:39:44,734 and as a uh making EU an attractive place to invest and 914 00:39:44,734 --> 00:39:46,799 attractive place to invest and that I think is what uh what 915 00:39:46,799 --> 00:39:49,633 that I think is what uh what would be for the industry, the 916 00:39:49,633 --> 00:39:51,167 would be for the industry, the most optimal and also long term 917 00:39:51,167 --> 00:39:53,667 most optimal and also long term dynamic way forward for 918 00:39:53,667 --> 00:39:54,500 dynamic way forward for European Union. Thank you very 919 00:39:54,500 --> 00:39:57,633 European Union. Thank you very much. Thanks a lot um I want 920 00:39:57,633 --> 00:40:00,633 much. Thanks a lot um I want before I give an opportunity to 921 00:40:00,633 --> 00:40:02,567 before I give an opportunity to share share her views on this. 922 00:40:02,567 --> 00:40:03,967 share share her views on this. I want to remind the audience 923 00:40:03,967 --> 00:40:05,233 I want to remind the audience that you can send questions to 924 00:40:05,233 --> 00:40:09,100 that you can send questions to us at at the #supply and later 925 00:40:09,100 --> 00:40:11,301 us at at the #supply and later we will pick up this questions 926 00:40:11,301 --> 00:40:11,967 we will pick up this questions and before we come to the 927 00:40:11,967 --> 00:40:13,167 and before we come to the audience question I wanted to 928 00:40:13,167 --> 00:40:14,633 audience question I wanted to ask you a bit about you you’ve 929 00:40:14,633 --> 00:40:16,000 ask you a bit about you you’ve used on this on this discussion 930 00:40:16,000 --> 00:40:17,567 used on this on this discussion we have in Europe um which is 931 00:40:17,567 --> 00:40:19,600 we have in Europe um which is we also know, is like one of 932 00:40:19,600 --> 00:40:22,334 we also know, is like one of the big players in medical 933 00:40:22,334 --> 00:40:23,434 the big players in medical production. Um is a rich 934 00:40:23,434 --> 00:40:25,333 production. Um is a rich economy is large economy and we 935 00:40:25,333 --> 00:40:27,400 economy is large economy and we work with the world Bank where 936 00:40:27,400 --> 00:40:28,866 work with the world Bank where you come from a relatively 937 00:40:28,866 --> 00:40:29,967 you come from a relatively small country and what are the 938 00:40:29,967 --> 00:40:31,733 small country and what are the problems? That if countries 939 00:40:31,733 --> 00:40:34,299 problems? That if countries like Europe like us, maybe 940 00:40:34,299 --> 00:40:35,834 like Europe like us, maybe decides to kind of to close 941 00:40:35,834 --> 00:40:37,234 decides to kind of to close their markets to ensure or to 942 00:40:37,234 --> 00:40:38,800 their markets to ensure or to subsidize local productions, 943 00:40:38,800 --> 00:40:40,333 subsidize local productions, What does it do the with our 944 00:40:40,333 --> 00:40:43,133 What does it do the with our trading system? You know, I 945 00:40:43,133 --> 00:40:47,566 trading system? You know, I think that uh both uh have been 946 00:40:47,566 --> 00:40:51,367 think that uh both uh have been you know very very forceful in 947 00:40:51,367 --> 00:40:52,834 you know very very forceful in the in the arguments that they 948 00:40:52,834 --> 00:40:56,066 the in the arguments that they have uh made let me just add 949 00:40:56,066 --> 00:40:58,466 have uh made let me just add that um researching the context 950 00:40:58,466 --> 00:41:00,667 that um researching the context of our covet nineteen has shown 951 00:41:00,667 --> 00:41:03,500 of our covet nineteen has shown that nationalized supply chains 952 00:41:03,500 --> 00:41:05,733 that nationalized supply chains does not make countries more 953 00:41:05,733 --> 00:41:07,399 does not make countries more resilient um and this is 954 00:41:07,399 --> 00:41:08,833 resilient um and this is because it’s I think it’s 955 00:41:08,833 --> 00:41:11,167 because it’s I think it’s pretty simple. eliminating 956 00:41:11,167 --> 00:41:15,867 pretty simple. eliminating reliance on pouring input. 957 00:41:45,667 --> 00:41:47,366 To less independence on River 958 00:41:47,366 --> 00:41:49,800 To less independence on River Valley chains would put the 959 00:41:49,800 --> 00:41:52,299 Valley chains would put the world’s population at risk by 960 00:41:52,299 --> 00:41:54,000 world’s population at risk by reducing access to essential 961 00:41:54,000 --> 00:41:56,201 reducing access to essential supplies or making them 962 00:41:56,201 --> 00:41:57,534 supplies or making them significantly more expensive. 963 00:41:57,534 --> 00:41:59,167 significantly more expensive. and this is certainly the case 964 00:41:59,167 --> 00:42:02,834 and this is certainly the case uh for countries in Latin my 965 00:42:02,834 --> 00:42:04,633 uh for countries in Latin my own country as you’re saying, 966 00:42:04,633 --> 00:42:06,000 own country as you’re saying, uh is dependent on imports 967 00:42:06,000 --> 00:42:08,333 uh is dependent on imports Likewise African countries 968 00:42:08,333 --> 00:42:09,833 Likewise African countries countries, but then again for 969 00:42:09,833 --> 00:42:12,266 countries, but then again for the larger players as well 970 00:42:12,266 --> 00:42:13,701 the larger players as well because even for a large 971 00:42:13,701 --> 00:42:15,834 because even for a large exporters such as the EU, for 972 00:42:15,834 --> 00:42:18,666 exporters such as the EU, for example, uh it is clear. The EU 973 00:42:18,666 --> 00:42:20,367 example, uh it is clear. The EU needs to access the 974 00:42:20,367 --> 00:42:21,867 needs to access the manufacturing capacity at the 975 00:42:21,867 --> 00:42:23,567 manufacturing capacity at the rest of the world to be able um 976 00:42:23,567 --> 00:42:25,767 rest of the world to be able um to meet demand and there’s an 977 00:42:25,767 --> 00:42:27,634 to meet demand and there’s an interesting um uh case study uh 978 00:42:27,634 --> 00:42:29,434 interesting um uh case study uh an interesting study. we can 979 00:42:29,434 --> 00:42:32,200 an interesting study. we can study by after and and forth 980 00:42:32,200 --> 00:42:34,867 study by after and and forth from uh which shows that 981 00:42:34,867 --> 00:42:36,299 from uh which shows that international trade help the EU 982 00:42:36,299 --> 00:42:37,967 international trade help the EU to buy urgently needed from 983 00:42:37,967 --> 00:42:40,600 to buy urgently needed from abroad during the month of the 984 00:42:40,600 --> 00:42:42,733 abroad during the month of the pandemic. So if it’s true for 985 00:42:42,733 --> 00:42:45,133 pandemic. So if it’s true for uh countries with existing 986 00:42:45,133 --> 00:42:45,867 uh countries with existing manufacturing capacities of 987 00:42:45,867 --> 00:42:47,266 manufacturing capacities of this critical medical year. 988 00:42:47,266 --> 00:42:49,801 this critical medical year. It’s even more so in the case 989 00:42:49,801 --> 00:42:52,633 It’s even more so in the case of many developing countries so 990 00:42:52,633 --> 00:42:53,967 of many developing countries so uh government really need to 991 00:42:53,967 --> 00:42:56,534 uh government really need to rely on the world at large to 992 00:42:56,534 --> 00:42:59,134 rely on the world at large to become more resilient to fight 993 00:42:59,134 --> 00:43:01,000 become more resilient to fight this pandemic and future of 994 00:43:01,000 --> 00:43:03,634 this pandemic and future of pandemics. so if cross-border 995 00:43:03,634 --> 00:43:06,700 pandemics. so if cross-border supplied a change are key to 996 00:43:06,700 --> 00:43:08,200 supplied a change are key to protect uh the health and the 997 00:43:08,200 --> 00:43:10,700 protect uh the health and the lives of people across the 998 00:43:10,700 --> 00:43:12,234 lives of people across the world, it follows that 999 00:43:12,234 --> 00:43:13,801 world, it follows that governments need to facilitate 1000 00:43:13,801 --> 00:43:15,200 governments need to facilitate access to this critical medical 1001 00:43:15,200 --> 00:43:17,433 access to this critical medical groups and this you know. On 1002 00:43:17,433 --> 00:43:19,967 groups and this you know. On the side of importing members, 1003 00:43:19,967 --> 00:43:21,167 the side of importing members, eliminating the tariffs uh 1004 00:43:21,167 --> 00:43:22,533 eliminating the tariffs uh establishing some of the green 1005 00:43:22,533 --> 00:43:23,900 establishing some of the green lanes. I think in that said it 1006 00:43:23,900 --> 00:43:26,467 lanes. I think in that said it was mentioning uh expediting 1007 00:43:26,467 --> 00:43:27,800 was mentioning uh expediting inspections and visa goods uh 1008 00:43:27,800 --> 00:43:29,233 inspections and visa goods uh expanding access to technical 1009 00:43:29,233 --> 00:43:31,000 expanding access to technical standards uh which I think it 1010 00:43:31,000 --> 00:43:34,233 standards uh which I think it did, for example in the 1011 00:43:34,233 --> 00:43:35,700 did, for example in the assessment procedures uh among 1012 00:43:35,700 --> 00:43:37,433 assessment procedures uh among others, but this is only part 1013 00:43:37,433 --> 00:43:38,966 others, but this is only part of the equation the other part 1014 00:43:38,966 --> 00:43:40,867 of the equation the other part of the equation is, of course 1015 00:43:40,867 --> 00:43:42,667 of the equation is, of course that if exporting countries 1016 00:43:42,667 --> 00:43:44,499 that if exporting countries implement measures to curb 1017 00:43:44,499 --> 00:43:47,067 implement measures to curb export, then they put. The 1018 00:43:47,067 --> 00:43:49,266 export, then they put. The world at risk uh and this 1019 00:43:49,266 --> 00:43:50,900 world at risk uh and this practice is not only affect the 1020 00:43:50,900 --> 00:43:53,267 practice is not only affect the um importers, which they do for 1021 00:43:53,267 --> 00:43:55,634 um importers, which they do for sure, but they also affect 1022 00:43:55,634 --> 00:43:56,334 sure, but they also affect exporters. Um you know they 1023 00:43:56,334 --> 00:43:57,700 exporters. Um you know they they tend to raise prices in 1024 00:43:57,700 --> 00:43:59,699 they tend to raise prices in the long run they discourage 1025 00:43:59,699 --> 00:44:02,234 the long run they discourage investment uh and they invite 1026 00:44:02,234 --> 00:44:03,833 investment uh and they invite so expert restrictions really 1027 00:44:03,833 --> 00:44:06,401 so expert restrictions really provide a false sense of 1028 00:44:06,401 --> 00:44:07,933 provide a false sense of security. Uh they are a lose 1029 00:44:07,933 --> 00:44:11,900 security. Uh they are a lose proposition mix so the covenant 1030 00:44:11,900 --> 00:44:13,267 proposition mix so the covenant pandemic I think has 1031 00:44:13,267 --> 00:44:14,667 pandemic I think has strengthened the case for 1032 00:44:14,667 --> 00:44:16,533 strengthened the case for global trade operation. And the 1033 00:44:16,533 --> 00:44:18,899 global trade operation. And the time to act is now I do think 1034 00:44:18,899 --> 00:44:21,233 time to act is now I do think that Italy has a very important 1035 00:44:21,233 --> 00:44:22,066 that Italy has a very important opportunity in the context of 1036 00:44:22,066 --> 00:44:23,966 opportunity in the context of the presidency of the next G 1037 00:44:23,966 --> 00:44:27,933 the presidency of the next G twenty um to raise this issue 1038 00:44:27,933 --> 00:44:29,366 twenty um to raise this issue uh and to bring the spotlight 1039 00:44:29,366 --> 00:44:30,933 uh and to bring the spotlight on the importance of trade in 1040 00:44:30,933 --> 00:44:33,867 on the importance of trade in the context of covid-nineteen 1041 00:44:33,867 --> 00:44:35,933 the context of covid-nineteen um and in this case, I believe 1042 00:44:35,933 --> 00:44:38,867 um and in this case, I believe that in particular uh members 1043 00:44:38,867 --> 00:44:41,100 that in particular uh members or at least those members 1044 00:44:41,100 --> 00:44:42,767 or at least those members willing to do so should take 1045 00:44:42,767 --> 00:44:45,567 willing to do so should take prompt action on three fronts 1046 00:44:45,567 --> 00:44:47,333 prompt action on three fronts First bill. A shared 1047 00:44:47,333 --> 00:44:49,000 First bill. A shared understanding of the role of 1048 00:44:49,000 --> 00:44:51,234 understanding of the role of trade in helping fight the 1049 00:44:51,234 --> 00:44:52,900 trade in helping fight the epidemic. You know trade is not 1050 00:44:52,900 --> 00:44:54,599 epidemic. You know trade is not a problem in this crisis. trade 1051 00:44:54,599 --> 00:44:56,267 a problem in this crisis. trade is actually a core element of 1052 00:44:56,267 --> 00:44:59,500 is actually a core element of the resolution. second point is 1053 00:44:59,500 --> 00:45:01,967 the resolution. second point is to enhance our transparency and 1054 00:45:01,967 --> 00:45:03,767 to enhance our transparency and strengthen monitoring uh with 1055 00:45:03,767 --> 00:45:05,734 strengthen monitoring uh with maybe with greater analytical 1056 00:45:05,734 --> 00:45:07,467 maybe with greater analytical support from the secretary 1057 00:45:07,467 --> 00:45:08,733 support from the secretary because this could provide 1058 00:45:08,733 --> 00:45:11,467 because this could provide members with critical uh you 1059 00:45:11,467 --> 00:45:13,634 members with critical uh you know in daytime critical 1060 00:45:13,634 --> 00:45:15,500 know in daytime critical information, which in turn can 1061 00:45:15,500 --> 00:45:17,466 information, which in turn can fears relating to the trading. 1062 00:45:17,466 --> 00:45:19,633 fears relating to the trading. So uh you know if governments 1063 00:45:19,633 --> 00:45:22,467 So uh you know if governments know that there is production 1064 00:45:22,467 --> 00:45:23,733 know that there is production available, then they need not 1065 00:45:23,733 --> 00:45:26,299 available, then they need not rush uh to put in uh any type 1066 00:45:26,299 --> 00:45:27,767 rush uh to put in uh any type of expert restrictions and 1067 00:45:27,767 --> 00:45:29,533 of expert restrictions and third. I think their members uh 1068 00:45:29,533 --> 00:45:30,834 third. I think their members uh should promptly engage in 1069 00:45:30,834 --> 00:45:33,266 should promptly engage in negotiations to achieve a covet 1070 00:45:33,266 --> 00:45:34,934 negotiations to achieve a covet nineteen bargain to legalize 1071 00:45:34,934 --> 00:45:36,900 nineteen bargain to legalize imports constrained resource to 1072 00:45:36,900 --> 00:45:39,066 imports constrained resource to um to ask for restrictions and 1073 00:45:39,066 --> 00:45:40,634 um to ask for restrictions and facilitate the movement of this 1074 00:45:40,634 --> 00:45:43,067 facilitate the movement of this critical medical uh 1075 00:45:43,067 --> 00:45:44,666 critical medical uh fortunately, some ideas are on 1076 00:45:44,666 --> 00:45:49,000 fortunately, some ideas are on the table, including side. 1077 00:46:41,934 --> 00:46:43,333 How is it affected by election? 1078 00:46:43,333 --> 00:46:45,167 How is it affected by election? What could be what it’s like a 1079 00:46:45,167 --> 00:46:46,900 What could be what it’s like a contingency if we don’t see an 1080 00:46:46,900 --> 00:46:48,533 contingency if we don’t see an agreement at the level, what 1081 00:46:48,533 --> 00:46:49,934 agreement at the level, what could be a large economy like 1082 00:46:49,934 --> 00:46:53,367 could be a large economy like the U do um in order uh to kind 1083 00:46:53,367 --> 00:46:54,666 the U do um in order uh to kind of push ahead and the lines 1084 00:46:54,666 --> 00:46:56,201 of push ahead and the lines that you said to kind of create 1085 00:46:56,201 --> 00:46:57,900 that you said to kind of create a trade with like-minded 1086 00:46:57,900 --> 00:47:02,534 a trade with like-minded countries, some space for this. 1087 00:47:02,534 --> 00:47:04,800 countries, some space for this. I’m saying that covet nineteen 1088 00:47:04,800 --> 00:47:07,967 I’m saying that covet nineteen is a problem of a global nature 1089 00:47:07,967 --> 00:47:09,967 is a problem of a global nature and no country would be safe 1090 00:47:09,967 --> 00:47:11,767 and no country would be safe until all countries are saving 1091 00:47:11,767 --> 00:47:15,234 until all countries are saving uh so the idea to go would be 1092 00:47:15,234 --> 00:47:17,799 uh so the idea to go would be ideal venue uh to go uh to 1093 00:47:17,799 --> 00:47:18,734 ideal venue uh to go uh to reach an agreement in this area 1094 00:47:18,734 --> 00:47:22,267 reach an agreement in this area is to meet the W um now in the 1095 00:47:22,267 --> 00:47:25,100 is to meet the W um now in the context of the US uh position 1096 00:47:25,100 --> 00:47:27,701 context of the US uh position uh we know that if the current 1097 00:47:27,701 --> 00:47:28,899 uh we know that if the current administration uh continue to 1098 00:47:28,899 --> 00:47:31,299 administration uh continue to be in place, they do not favor 1099 00:47:31,299 --> 00:47:34,000 be in place, they do not favor uh the WT and there are several 1100 00:47:34,000 --> 00:47:36,434 uh the WT and there are several uh manifestations of that uh if 1101 00:47:36,434 --> 00:47:40,033 uh manifestations of that uh if they knew. 1102 00:47:52,867 --> 00:47:57,600 To address this problem. 1103 00:48:30,733 --> 00:48:33,134 Is great concern that I think 1104 00:48:33,134 --> 00:48:34,967 Is great concern that I think was saying that we don’t wanna 1105 00:48:34,967 --> 00:48:38,400 was saying that we don’t wanna see a repeat of what we saw on 1106 00:48:38,400 --> 00:48:40,133 see a repeat of what we saw on in March April may uh in the in 1107 00:48:40,133 --> 00:48:43,667 in March April may uh in the in the context of uh so you know 1108 00:48:43,667 --> 00:48:47,800 the context of uh so you know with the ideal situation if all 1109 00:48:47,800 --> 00:48:49,533 with the ideal situation if all countries large and small can 1110 00:48:49,533 --> 00:48:51,100 countries large and small can come together in the context of 1111 00:48:51,100 --> 00:48:54,533 come together in the context of the W to reach agreement if not 1112 00:48:54,533 --> 00:48:57,233 the W to reach agreement if not possible, then will countries 1113 00:48:57,233 --> 00:48:59,699 possible, then will countries many of the large players will 1114 00:48:59,699 --> 00:49:01,401 many of the large players will also come together and try to 1115 00:49:01,401 --> 00:49:02,967 also come together and try to reach an agreement in this 1116 00:49:02,967 --> 00:49:05,967 reach an agreement in this area. 1117 00:49:37,933 --> 00:49:40,200 Uh first of all I would like to 1118 00:49:40,200 --> 00:49:42,434 Uh first of all I would like to reply to something that has 1119 00:49:42,434 --> 00:49:44,933 reply to something that has been already said before 1120 00:49:44,933 --> 00:49:49,900 been already said before because I cannot accept that uh 1121 00:49:49,900 --> 00:49:52,399 because I cannot accept that uh all the responsibilities are 1122 00:49:52,399 --> 00:49:54,434 all the responsibilities are only a member of the states on 1123 00:49:54,434 --> 00:49:57,167 only a member of the states on the on the count is because II 1124 00:49:57,167 --> 00:50:00,300 the on the count is because II don’t think it’s possible to to 1125 00:50:00,300 --> 00:50:02,566 don’t think it’s possible to to say if you have a stop by you 1126 00:50:02,566 --> 00:50:04,933 say if you have a stop by you are okay because uh you know 1127 00:50:04,933 --> 00:50:08,967 are okay because uh you know very well, that is not. 1128 00:51:17,767 --> 00:51:20,801 Mothers to to to incorporate 1129 00:51:20,801 --> 00:51:24,333 Mothers to to to incorporate inside and outside Europe so um 1130 00:51:24,333 --> 00:51:26,367 inside and outside Europe so um in my opinion we have to deepen 1131 00:51:26,367 --> 00:51:28,800 in my opinion we have to deepen the discussion. Obviously these 1132 00:51:28,800 --> 00:51:31,266 the discussion. Obviously these are first sensation is not 1133 00:51:31,266 --> 00:51:33,966 are first sensation is not mature discussion what we were, 1134 00:51:33,966 --> 00:51:35,533 mature discussion what we were, which we have made it today, 1135 00:51:35,533 --> 00:51:38,567 which we have made it today, but in general in this month we 1136 00:51:38,567 --> 00:51:41,701 but in general in this month we need time to elaborate 1137 00:51:41,701 --> 00:51:45,466 need time to elaborate something that is more 1138 00:51:45,466 --> 00:51:47,600 something that is more completely. And also complex 1139 00:51:47,600 --> 00:51:49,200 completely. And also complex because the discussion 1140 00:51:49,200 --> 00:51:51,266 because the discussion obviously is covered but all 1141 00:51:51,266 --> 00:51:53,699 obviously is covered but all actors should work with the 1142 00:51:53,699 --> 00:51:56,801 actors should work with the responsibility and not to um 1143 00:51:56,801 --> 00:51:58,133 responsibility and not to um considering all the game the 1144 00:51:58,133 --> 00:51:59,799 considering all the game the way the game is different kind 1145 00:51:59,799 --> 00:52:03,534 way the game is different kind of games uh as the only 1146 00:52:03,534 --> 00:52:05,100 of games uh as the only themselves because as I said 1147 00:52:05,100 --> 00:52:08,833 themselves because as I said before this could be a vision 1148 00:52:08,833 --> 00:52:09,933 before this could be a vision that uh could be the result in 1149 00:52:09,933 --> 00:52:12,066 that uh could be the result in the short term But now we have 1150 00:52:12,066 --> 00:52:15,333 the short term But now we have the responsibility to look at 1151 00:52:15,333 --> 00:52:20,066 the responsibility to look at in the law. I was not. 1152 00:53:48,100 --> 00:53:49,766 Or doing is on its own, It’s 1153 00:53:49,766 --> 00:53:51,333 Or doing is on its own, It’s impossible if we have a global 1154 00:53:51,333 --> 00:53:53,200 impossible if we have a global pandemic and as I said, one of 1155 00:53:53,200 --> 00:53:55,067 pandemic and as I said, one of the countries doesn’t have it 1156 00:53:55,067 --> 00:53:56,534 the countries doesn’t have it sold it will begin spread in 1157 00:53:56,534 --> 00:53:57,967 sold it will begin spread in the future if if not addressed 1158 00:53:57,967 --> 00:53:59,500 the future if if not addressed so that’s that’s absolutely 1159 00:53:59,500 --> 00:54:02,900 so that’s that’s absolutely clear uh um but also believe 1160 00:54:02,900 --> 00:54:04,200 clear uh um but also believe that adding these three 1161 00:54:04,200 --> 00:54:05,267 that adding these three strategies in construction at 1162 00:54:05,267 --> 00:54:06,700 strategies in construction at the moment there is a unique 1163 00:54:06,700 --> 00:54:08,300 the moment there is a unique opportunity for the EU to 1164 00:54:08,300 --> 00:54:09,767 opportunity for the EU to demonstrate a certain level of 1165 00:54:09,767 --> 00:54:11,533 demonstrate a certain level of leadership and it has that 1166 00:54:11,533 --> 00:54:14,833 leadership and it has that opportunity and it has that 1167 00:54:14,833 --> 00:54:15,566 opportunity and it has that economic cloud to in order to 1168 00:54:15,566 --> 00:54:19,266 economic cloud to in order to do this uh so with the P. To 1169 00:54:19,266 --> 00:54:22,299 do this uh so with the P. To set uh use RD approach uh that 1170 00:54:22,299 --> 00:54:23,966 set uh use RD approach uh that also helps for the decades to 1171 00:54:23,966 --> 00:54:26,234 also helps for the decades to come in the trade strategy. For 1172 00:54:26,234 --> 00:54:27,867 come in the trade strategy. For example, I absolutely know that 1173 00:54:27,867 --> 00:54:30,334 example, I absolutely know that the EU has a lot of uh let’s 1174 00:54:30,334 --> 00:54:32,967 the EU has a lot of uh let’s say, leeway and leverage in the 1175 00:54:32,967 --> 00:54:34,534 say, leeway and leverage in the multilateral setting is very 1176 00:54:34,534 --> 00:54:35,867 multilateral setting is very committed to the multilateral 1177 00:54:35,867 --> 00:54:39,266 committed to the multilateral uh trading system uh and it’s 1178 00:54:39,266 --> 00:54:40,699 uh trading system uh and it’s something where that 1179 00:54:40,699 --> 00:54:41,934 something where that leadership. I think also 1180 00:54:41,934 --> 00:54:43,334 leadership. I think also somehow is needed and and and 1181 00:54:43,334 --> 00:54:45,767 somehow is needed and and and and and and could be could be 1182 00:54:45,767 --> 00:54:47,333 and and and could be could be demonstrated the strategy the 1183 00:54:47,333 --> 00:54:49,300 demonstrated the strategy the same in terms of a longer term. 1184 00:54:49,300 --> 00:54:52,666 same in terms of a longer term. To support uh the European 1185 00:54:52,666 --> 00:54:54,299 To support uh the European economy uh in order to uh 1186 00:54:54,299 --> 00:54:57,567 economy uh in order to uh flourish in a compliant way um 1187 00:54:57,567 --> 00:55:00,934 flourish in a compliant way um you said that uh industry wants 1188 00:55:00,934 --> 00:55:02,267 you said that uh industry wants to produce where where costs 1189 00:55:02,267 --> 00:55:04,899 to produce where where costs are lowest. I think there are 1190 00:55:04,899 --> 00:55:06,633 are lowest. I think there are the industry is a very diverse 1191 00:55:06,633 --> 00:55:09,000 the industry is a very diverse uh as a very the pharmaceutical 1192 00:55:09,000 --> 00:55:12,833 uh as a very the pharmaceutical is very diverse if a let’s say 1193 00:55:12,833 --> 00:55:14,233 is very diverse if a let’s say natural public procurement 1194 00:55:14,233 --> 00:55:16,800 natural public procurement system uh there is a tender and 1195 00:55:16,800 --> 00:55:19,500 system uh there is a tender and the criteria is Christ. then 1196 00:55:19,500 --> 00:55:21,666 the criteria is Christ. then the. For several more generic 1197 00:55:21,666 --> 00:55:23,833 the. For several more generic medicines is not going to be 1198 00:55:23,833 --> 00:55:26,766 medicines is not going to be able to compete on a level with 1199 00:55:26,766 --> 00:55:28,500 able to compete on a level with the countries like India or 1200 00:55:28,500 --> 00:55:30,133 the countries like India or China because it’s simply not 1201 00:55:30,133 --> 00:55:31,767 China because it’s simply not possible from from an 1202 00:55:31,767 --> 00:55:33,600 possible from from an innovative pharmaceutical 1203 00:55:33,600 --> 00:55:35,701 innovative pharmaceutical perspective. Uh it’s the RE 1204 00:55:35,701 --> 00:55:37,233 perspective. Uh it’s the RE framework that really drives 1205 00:55:37,233 --> 00:55:39,966 framework that really drives that we’re location uh takes 1206 00:55:39,966 --> 00:55:41,400 that we’re location uh takes place so it’s a slightly 1207 00:55:41,400 --> 00:55:43,733 place so it’s a slightly different than only the 1208 00:55:43,733 --> 00:55:45,367 different than only the manufacturing part of the uh of 1209 00:55:45,367 --> 00:55:47,133 manufacturing part of the uh of the elements uh and I think 1210 00:55:47,133 --> 00:55:47,800 the elements uh and I think that’s an important point. so 1211 00:55:47,800 --> 00:55:49,000 that’s an important point. so when you talk about 1212 00:55:49,000 --> 00:55:51,034 when you talk about procurement. The public 1213 00:55:51,034 --> 00:55:53,199 procurement. The public procurement also looks at 1214 00:55:53,199 --> 00:55:55,234 procurement also looks at resilience of supply or you 1215 00:55:55,234 --> 00:55:57,500 resilience of supply or you know, looks at factors that 1216 00:55:57,500 --> 00:55:58,834 know, looks at factors that matter from a policy 1217 00:55:58,834 --> 00:56:00,201 matter from a policy perspective uh not only Christ 1218 00:56:00,201 --> 00:56:01,633 perspective uh not only Christ He also gets slightly different 1219 00:56:01,633 --> 00:56:02,766 He also gets slightly different outings in terms of whose 1220 00:56:02,766 --> 00:56:04,533 outings in terms of whose awarded contracts etcetera uh, 1221 00:56:04,533 --> 00:56:06,899 awarded contracts etcetera uh, but that’s a little bit more 1222 00:56:06,899 --> 00:56:09,333 but that’s a little bit more The generic part and yes, uh um 1223 00:56:09,333 --> 00:56:10,834 The generic part and yes, uh um we do as an industry try to 1224 00:56:10,834 --> 00:56:12,533 we do as an industry try to optimize global supply chains, 1225 00:56:12,533 --> 00:56:14,133 optimize global supply chains, but that is also to try and 1226 00:56:14,133 --> 00:56:15,567 but that is also to try and minimize risk. Now we challenge 1227 00:56:15,567 --> 00:56:17,933 minimize risk. Now we challenge with covet is that it is a 1228 00:56:17,933 --> 00:56:19,533 with covet is that it is a global pandemic so it hits it 1229 00:56:19,533 --> 00:56:21,700 global pandemic so it hits it doesn’t hit an individual 1230 00:56:21,700 --> 00:56:23,867 doesn’t hit an individual country if you were to deal or 1231 00:56:23,867 --> 00:56:27,000 country if you were to deal or if you were. 1232 00:56:54,999 --> 00:56:56,600 Thank you um your last your 1233 00:56:56,600 --> 00:56:58,700 Thank you um your last your last comment. I think is very 1234 00:56:58,700 --> 00:56:59,833 last comment. I think is very nicely to one of the question 1235 00:56:59,833 --> 00:57:02,267 nicely to one of the question we got from the audience. um 1236 00:57:02,267 --> 00:57:02,833 we got from the audience. um they got a lot of likes, which 1237 00:57:02,833 --> 00:57:05,367 they got a lot of likes, which is kind of uh what basically is 1238 00:57:05,367 --> 00:57:07,867 is kind of uh what basically is a local production, more stable 1239 00:57:07,867 --> 00:57:09,500 a local production, more stable than uh like uh like a 1240 00:57:09,500 --> 00:57:11,800 than uh like uh like a distributed global production. 1241 00:57:11,800 --> 00:57:12,366 distributed global production. um let let me give this 1242 00:57:12,366 --> 00:57:15,134 um let let me give this question to the perspective, 1243 00:57:15,134 --> 00:57:18,533 question to the perspective, which is for this. You can go 1244 00:57:18,533 --> 00:57:21,667 which is for this. You can go first. 1245 00:57:22,767 --> 00:57:26,767 But I think that uh this kind 1246 00:57:26,767 --> 00:57:29,267 But I think that uh this kind of concentrated productions 1247 00:57:29,267 --> 00:57:30,899 of concentrated productions some products demonstrated. I’m 1248 00:57:30,899 --> 00:57:32,267 some products demonstrated. I’m not speaking it in this case. 1249 00:57:32,267 --> 00:57:34,833 not speaking it in this case. I’m speaking for instance of 1250 00:57:34,833 --> 00:57:37,367 I’m speaking for instance of masks. uh it’s so concentrated 1251 00:57:37,367 --> 00:57:38,000 masks. uh it’s so concentrated production demonstrated not to 1252 00:57:38,000 --> 00:57:41,300 production demonstrated not to be affected So we have this is 1253 00:57:41,300 --> 00:57:44,233 be affected So we have this is the lesson that we’ve received 1254 00:57:44,233 --> 00:57:48,400 the lesson that we’ve received so I think apart from the 1255 00:57:48,400 --> 00:57:49,466 so I think apart from the practice demonstrated that to 1256 00:57:49,466 --> 00:57:51,567 practice demonstrated that to have to change something and 1257 00:57:51,567 --> 00:57:54,667 have to change something and so. 1258 00:58:17,667 --> 00:58:19,367 I think I would just add that 1259 00:58:19,367 --> 00:58:21,967 I think I would just add that you know in the first month of 1260 00:58:21,967 --> 00:58:24,266 you know in the first month of the pandemic, it was very 1261 00:58:24,266 --> 00:58:27,334 the pandemic, it was very difficult to react Um 1262 00:58:27,334 --> 00:58:29,300 difficult to react Um governments did not have the 1263 00:58:29,300 --> 00:58:32,300 governments did not have the evidence uh at the time. But uh 1264 00:58:32,300 --> 00:58:33,966 evidence uh at the time. But uh at this point um the evidence 1265 00:58:33,966 --> 00:58:35,534 at this point um the evidence is out there and in the same 1266 00:58:35,534 --> 00:58:37,900 is out there and in the same way in which medical doctors 1267 00:58:37,900 --> 00:58:40,333 way in which medical doctors have learned how to treat 1268 00:58:40,333 --> 00:58:41,233 have learned how to treat patients better in the context 1269 00:58:41,233 --> 00:58:43,266 patients better in the context of covid-nineteen and can 1270 00:58:43,266 --> 00:58:44,833 of covid-nineteen and can actually save more lives today 1271 00:58:44,833 --> 00:58:45,966 actually save more lives today and they could at the beginning 1272 00:58:45,966 --> 00:58:48,467 and they could at the beginning of the pandemic in the same way 1273 00:58:48,467 --> 00:58:52,834 of the pandemic in the same way or major also order from the 1274 00:58:52,834 --> 00:58:54,867 or major also order from the evidence and put in place 1275 00:58:54,867 --> 00:58:56,533 evidence and put in place better quality making better 1276 00:58:56,533 --> 00:58:57,933 better quality making better qualities are to uh to fight 1277 00:58:57,933 --> 00:58:59,966 qualities are to uh to fight the pandemic and save and save 1278 00:58:59,966 --> 00:59:03,034 the pandemic and save and save lives. 1279 00:59:34,699 --> 00:59:35,799 Very much, I think that 1280 00:59:35,799 --> 00:59:37,367 Very much, I think that concludes very nicely our 1281 00:59:37,367 --> 00:59:38,700 concludes very nicely our discussion and I feel there’s a 1282 00:59:38,700 --> 00:59:39,967 discussion and I feel there’s a common theme here at least on 1283 00:59:39,967 --> 00:59:42,333 common theme here at least on this particular question. Um 1284 00:59:42,333 --> 00:59:43,934 this particular question. Um I’m sure I mean there has been 1285 00:59:43,934 --> 00:59:44,533 I’m sure I mean there has been many more question the 1286 00:59:44,533 --> 00:59:45,567 many more question the audience. I’m afraid we will 1287 00:59:45,567 --> 00:59:46,801 audience. I’m afraid we will not be able to answer all of 1288 00:59:46,801 --> 00:59:48,200 not be able to answer all of them, but I’m sure this is a 1289 00:59:48,200 --> 00:59:50,367 them, but I’m sure this is a debated on and we will have 1290 00:59:50,367 --> 00:59:51,067 debated on and we will have many more opportunities to 1291 00:59:51,067 --> 00:59:52,533 many more opportunities to discuss this question. I want 1292 00:59:52,533 --> 00:59:54,467 discuss this question. I want to thank very much my three 1293 00:59:54,467 --> 00:59:55,833 to thank very much my three discussions for this excellent 1294 00:59:55,833 --> 00:59:56,367 discussions for this excellent discussion that was really 1295 00:59:56,367 --> 00:59:58,900 discussion that was really pleasure and um I hope we can 1296 00:59:58,900 --> 01:00:00,000 pleasure and um I hope we can continue this discussion in the 1297 01:00:00,000 --> 01:00:00,633 continue this discussion in the near near future. Thank you