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Pharma Tech Outlook | Wednesday, March 09, 2022
Europe has been blindsided by its biggest war in decades with Russia’s invasion of Ukraine. Amid a raging humanitarian crisis, the biotech industry is preparing for increasing economic uncertainty, cyber threats, and clinical trial disruptions.
FREMONT, CA: The invasion of Ukraine by the Russian military last week sparked widespread condemnation throughout Europe. The geopolitical situation has shifted dramatically, and the catastrophic effects reverbrate throughout the European biotech industry. The crisis has many faces, and Europe's biotech industry is bracing for difficulties on multiple fronts.
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The invasion is expected to have a high human cost, with hundreds of deaths and injuries already reported and a growing number of refugees fleeing to the west. Life-saving treatments are already being disrupted in the region, with the World Health Organization recently reporting an urgent scarcity of oxygen for use in healthcare in Ukraine. Another aspect is the tightening of restrictions on air travel and shipments to and from Russian businesses. The impact on life science enterprises will be significant in countries near the conflict's epicenter, such as the Baltic states and Eastern European nations. The bordering situation is causing concern in these countries, as many local businesses have the personnel and close relationships in Ukraine.
Clinical trials in Ukraine and Russia are currently being delayed for European biotech companies. Due to easy access to patient populations, the two countries have increased their contributions to international studies over the last ten years; Forte told me that there are currently over 500 active investigations in Ukraine and nearly three times as many in Russia. Sponsors, contract research firms, and vendors have a limited ability to stay going during the invasion. Overall, Forte recommends that big pharma and biotech businesses ensure the safety of clinical trial employees and volunteers in affected areas. Companies may increase recruitment efforts in nations outside of the battle zone to compensate for the trial shortage. Patients in Ukraine and Russia, on the other hand, are likely to lose access to numerous experimental medicines as a result of the changes. Due to the difficult conditions, even patients enrolled in clinical trials in afflicted areas may receive less attention from clinicians.
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