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LONDON Canada Goose online (Reuters) Europe is undermining drug innovation by cutting prices, raising barriers canada goose black friday sale to new medicines and freeloading off others in Asia and the United States who are more willing to pay, the boss canada goose uk outlet of Pfizer, the world Canada Goose Outlet largest drugmaker, said.

canada goose People walk past the Pfizer World headquaters in New York, February 3, 2010. Pfizer, the world’s largest Canada Goose Jackets drugmaker, projected 2010 earnings canada goose factory sale below analysts’ average forecast, saying the strengthening dollar would crimp earnings. REUTERS/Brendan McDermid canada goose

canada goose store European governments are sacrificing the long term future of canada goose uk black friday science in their countries for the sake of short term canadagoosetomall budget cuts, chief executive Ian Read told Reuters on Monday. canada goose store

There is a disconnect in Europe between the marketplace for pharmaceuticals and the desire of European governments to buy canada goose jacket have innovation and research, he said in an interview.

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canada goose coats Tensions between large drug companies and European governments canada goose clearance sale have been rising for several years as administrations across the region face the challenge of curbing Canada Goose Parka the rising costs cheap Canada Goose of healthcare in tough economic times. Governments are by far the biggest buyers of medicines in Europe, allowing them to dictate canada goose coats prices. canada goose coats

The common European practice of cross referencing to medicine prices in other countries cheap canada goose uk means that exceptional price cuts in Spain or Greece will trigger knock on cuts elsewhere.

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canadian goose jacket Read hit out at governments who have slashed drug prices and racked up close to $20 billion canada goose coats on sale in unpaid bills for medicines, largely in southern Europe, saying their increasing reluctance to pay up for innovative therapies would come back to haunt them. canadian goose jacket

canada goose deals The pharmaceutical industry requires a vibrant marketplace. It a high risk business. and a high risk business needs the potential for high returns. So in the end, European leaders are sacrificing the long term for the short term, Read said. canada goose deals

Canada Goose Outlet GlaxoSmithKline Plc Chief Executive Andrew Witty said last month he now ranked Europe behind the United States and Japan as a market where he would want to launch new products. Canada Goose Outlet

Canada Goose sale Bayer AG CEO Marijn Dekkers has also expressed concern about Europe direction, noting in a recent results Canada Goose Coats On Sale presentation that the money earned from today drugs was needed to pay for developing the medicines of tomorrow. Canada Goose sale

canada goose coats on sale POLISH PRICES FOR Canada Goose Online GERMANY? Pfizer Read canada goose store singled out Germany for particular criticism, pointing to Berlin recent decisions to extend drug price freezes from 2010, which were initially designed as an emergency measure, and to use a basket of countries including Poland and Greece as a benchmark for how much it will pay for drugs. canada goose coats on sale

buy canada goose jacket cheap What is the fundamental message there? They are saying. investment canada goose in buy canada goose jacket cheap innovation is at a level that Greek prices can canada goose uk shop support, Read said. buy canada goose jacket cheap

canada goose black friday sale That not a recipe to create an innovative industry that can compete on the world stage. canada goose black friday sale

Read, who took over as Pfizer chief executive in December 2010 after the abrupt departure of his predecessor Jeff Kindler, said he like to see governments taking a canadian goose jacket longer term view and engaging on the issue of who uk canada goose outlet should pay for the research and development costs of cutting edge medicines.

Canada Goose Parka Since Germany is one of Europe wealthiest countries, Read questioned whether referencing its prices canada goose uk black friday to Greek or Polish levels would offer Canada Goose sale drugmakers a fair return. Canada Goose Parka

canada goose clearance sale These are the questions I like politicians to look at in a fundamental way, he said. canada goose clearance sale

Canada Goose online Asked whether such discussions should take place as part of World Trade Organization talks, he said they were not on the agenda at the moment, but probably canada goose clearance should be. Canada Goose online

buy canada goose jacket Eventually I think it will have to be. The risk of freeloading is so great in an industry with sunk costs, he said uk canada goose buy canada goose jacket.