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'Bioexit': navigating the policy and regulatory pathways for the biotechnology industry in a post-Brexit landscape.

07:00 EST 1st March 2018 | BioPortfolio

Summary of "'Bioexit': navigating the policy and regulatory pathways for the biotechnology industry in a post-Brexit landscape."

The withdrawal of the UK from the European Union (EU) is a complicated event. Although implications vary by industry, the biotechnology sector is especially vulnerable to the consequences of Brexit. Accordingly, here we evaluate potential repercussions under four post-Brexit political pathways: European Economic Area (EEA) affiliation (Norwegian Model); (negotiated bilateral access (Swiss Model); limited participation in EU Customs Union (Turkish Model); or independence under the World Trade Organization (WTO) designation. We conclude that all four pathways fail to protect the mutually beneficial UK-EU biotechnology relationship and that alternative pathways need to be explored. Accordingly, we outline a suite of policy mechanisms aimed at ensuring continued EU-UK regulatory synergy, with the central aim of ensuring access to biomedical innovations and ensuring patient safety.

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This article was published in the following journal.

Name: Drug discovery today
ISSN: 1878-5832
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