The Biopharmaceutical Industry –
Protecting Investment through
Sustainable policy
Barry O’Leary
February 23rd 2012
Current Impact of FDI
KEY FDI IMPACTS ON THE IRISH
ECONOMY
- €115 BN Exports
- 250,000 Jobs in Total
- 65% of Corporation Tax
- €19 BN Expenditure
- €7 BN Payroll
- 68% of Business RD&I expenditure
WORLD LEADERS CHOOSE IRELAND
- 8 of the top 10 in ICT
- 9 of the top 10 in Pharmaceuticals
- 17 of the top 25 in Medical Devices
- More than 50% of the world’s leading
Financial Services firms
- 10 Top “Born on the Internet” companies
- 3 of the Top 5 Games Companies
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IDA Focus
Business Model Focus
• Global Services
• High-end Manufacturing
• Research, Development & Innovation
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Sectors
Life Sciences - Pharma/Biopharma &
- Medical Devices
Information & Communications Technology
Financial Services
Content Industry, Consumer & Business
Services
Diversified Industries and Engineering
CleanTech
IDA focus across industry segments
Leading MNCs
2nd Tier
Emerging Companies
What attracts FDI to Ireland?
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Talent, Technology, Track Record (operational excellence), Tax, the ease of
doing Business , EU Access, English speaking are building blocks…
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Sector / Activity / Country Specific
Ireland’s Value Proposition - Needs Constant Enhancement
Example – Biopharmaceuticals;
- FDA Track Record
- National Institute for Bioprocessing and Research Training (NIBRT)
- Technology Centres
- SFI Initiatives
- Strategic Sites
- Cluster Impact
- Financial Incentives
- Regulatory Environment
Ireland – Major Life Sciences Hub
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9 of the top 10 Pharma companies
17 of top 25 Med Tech companies
44,000 jobs
Exports of €51 billion per annum
Numerous sub-suppliers and service
providers
Recent Investments
BioPharma in Ireland
Transformation Challenge
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146,000 - FDI Direct Employees / 250,000 impact
Productivity Targets
Cost Pressures
IDA Transformation Supports;
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Technology uplift
Skills uplift
Process development
Product Development / R&D
Energy Efficiency
World Competitiveness Rankings
IBM PLI Global Location Trends Report 2011;
 2nd ranked destination by jobs per 100,000 inhabitants
 1st ranked destination by value* of Investment projects
* a combination of Productivity, value-added, knowledge
intensity and occupational profile composition
IMD World Competiveness Yearbook 2011
 1st in the world for corporate taxes
 1st for business legislation for foreign investors
 1st for the availability of skilled labour
 2nd in the world for consumer price inflation
 3rd for direct investment flows inward
 3rd for availability of finance skills
 4th in the world for labour productivity
 4th for exports of commercial services.
IBM PLI Global Location Trends Report 2011
2nd ranked destination by jobs per 100,000 inhabitants
IBM PLI Global Location Trends Report 2011
1st ranked destination by value* of Investment projects
Pipeline Outlook
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Development and Manufacturing - Biologics
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R&D
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Small Molecule
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Shared Services – beyond single function