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Watching the East

The pharmaceutical industry is one of the most competitive sectors in the EU. It is the fifth largest industrial area and accounts for a high percentage of the global pharma market. According to the European Federation of Pharmaceutical Industries and Associations, few other fields can match its contribution to generating a trade surplus, investment in R&D and the creation of skilled employment in Europe.

While a large proportion of pharmaceutical development and manufacturing takes place on the western continent, central and eastern European countries are emerging as an attractive alternative for companies wishing to outsource parts of the supply chain due to factors such as accomplished workforces and competitive pricing.

European Landscape

The pharma sector in Europe has grown exponentially over the past ten years. Businesses have had to overcome a number of challenges, like escalating costs and downward price pressure from governments coupled with the need for faster turnaround times to bring new drugs to market, as well as increased demand for products.

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Anthony Sheehan joined Saneca Pharma as Chief Executive Officer in 2015. With over 25 years’ experience in the pharma industry, he has worked as Site Managing Director at Stada as well as in various senior roles within the sector. Anthony also has experience in the automotive and engineering fields. He has an MBA from the University of Limerick, Ireland.
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