{"id":168813,"date":"2024-03-27T02:42:27","date_gmt":"2024-03-27T06:42:27","guid":{"rendered":"https:\/\/www.immortalitymedicine.tv\/eu-sets-out-plan-to-simplify-biotech-regulation-and-speed-up-approvals-science-business\/"},"modified":"2024-08-17T16:14:38","modified_gmt":"2024-08-17T20:14:38","slug":"eu-sets-out-plan-to-simplify-biotech-regulation-and-speed-up-approvals-science-business","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/biotechnology\/eu-sets-out-plan-to-simplify-biotech-regulation-and-speed-up-approvals-science-business.php","title":{"rendered":"EU sets out plan to simplify biotech regulation and speed up approvals &#8211; Science Business"},"content":{"rendered":"<p><p>    The European Commission is    to look into how to speed up approvals for biotechnology, with    a view to launching an EU Biotech Act in the next mandate,    executive vice president Margrethe Vestager has    announced.  <\/p>\n<p>    Europe will not be    attractive to businesses worldwide if permitting and other    administrative procedures take much longer than in other parts    of the world, she said, presenting the Commissions        biotechnology and biomanufacturing initiative    on 20 March.  <\/p>\n<p>    In the meantime, it will    establish an EU biotech hub by the end of this year, to enable    biotech firms to better understand existing regulation, she    said. The sector is already set to benefit from streamlined    permitting procedures under the     Net-Zero industry Act.  <\/p>\n<p>    Applications of    biotechnology and biomanufacturing range from replacing fossil    fuels, to the discovery and development of new drugs for rare    diseases, and bio-based alternatives to plastic and other    materials. The EU funds research in the sector predominantly    through the Circular Bio-based Europe Joint Undertaking (CBE    JU), and     more support is needed to    help innovators scale up their technologies in    Europe.  <\/p>\n<p>    Regulatory complexity is    one of three key obstacles to European competitiveness the new    plan aims to address, alongside access to finance, and    difficulties moving from research to the    market.  <\/p>\n<p>    The Commission is    promising to review its Bioeconomy Strategy by the end of 2025,    which could include a stronger industrial    dimension.  <\/p>\n<p>    To help companies scale    up, the Commission will advocate for the inclusion of specific    challenges on biotech and biomanufacturing in the European    Innovation Council (EIC) accelerator work programme for    2025.  <\/p>\n<p>    Europe cannot remain only    a fantastic cradle of ideas for the rest of the world. What is    born here should also have the opportunity to grow here,    Vestager said.  <\/p>\n<p>    To support the uptake of    bio-manufactured products, the Commission will conduct an    impact assessment for bio-based requirements in public    procurement. It will further develop methodologies to ensure a    fair comparison between fossil-based and bio-based products, as    the latter are usually more expensive and their environmental    benefits are not always apparent to    consumers.  <\/p>\n<p>    The EU is also betting on    the potential of artificial intelligence to help companies    scale up their operations. The 500 million GenAI4EU initiative    aims to stimulate the uptake of generative AI in industries    including biotech and biomanufacturing, and the Commission    wants to give biotech firms access to EuroHPC    supercomputers.  <\/p>\n<p>    We want to make Europe a    global biotech leader, said Vestager. With the potential to    solve some of our most pressing problems, biotechnology also    largely supports Europes economy, and it provides high-quality    jobs.  <\/p>\n<p>    Biotechnology can also    pose a risk due to its dual-use potential, and the Commission    is working with member states to     assess the risk of    technology leakage.  <\/p>\n<p>    Biomanufacturing can be    used to synthetically manufacture new molecules, said    Vestager. These new molecules can have basic civilian uses, to    produce sustainable pest repellents for instance. They can also    be used in the military to produce new fuels for    missiles.  <\/p>\n<p>    Great first    step  <\/p>\n<p>    The biotech industry    welcomed the announcements, which, coming so close to the    European elections, mostly amount to identifying the major    challenges and promising to address them at some point in the    future.  <\/p>\n<p>    To be competitive, the    bio-based industries will require further action, including a    sustainable supply of biomass and more stimulating measures for    market uptake, such as bio-based content requirements under the    new Ecodesign for Sustainable Products regulation, said Rob    Beekers, chair of the Bio-based Industries Consortium, which    represents the private sector in the CBE    JU.  <\/p>\n<p>    The new EU Parliament and    EU Commission should make the bioeconomy and bio-based    industries a political priority. Implementing the actions    proposed in this communication would be a good start, he    said.  <\/p>\n<p>    Pauline Grimmer, policy    manager at international nonprofit and think tank the Good Food    Institute Europe, was also pleased to see the Commission    recognise the measures that are    needed.  <\/p>\n<p>    While this is a great    first step, for alternative protein startups to deliver on    their potential to provide future-proof jobs and green growth,    we now need to see this ambition translated into firm actions    such as R&D funding, support to scale-up production and    provide a clear and transparent regulatory framework, she    said.  <\/p>\n<p>    Claire Skentelbery,    director general of industry association EuropaBio, said the    initiative shows the Commission has listened to the industrys    priorities. I think it's as promising as it can be for    something that is a theoretical exercise. It shows intent to    pick this up in the next Commission, she told    Science|Business.  <\/p>\n<p>    Clearer and faster    regulatory pathways in the US are currently a major obstacle to    European competitiveness. If you've got investors within the    EU, they are going to push you to launch in the US first,    Skentelbery said.  <\/p>\n<p>    While a future EU Biotech    Act is a positive long-term goal, theres a lot we can do in    the short term thats going to be more beneficial, she    added.  <\/p>\n<p>    For example, the    Commission and member states should work together on more    standardised guidance for manufacturing using industrial    biotechnology, while regulatory agencies are also in need of    more resources to speed up    approvals.  <\/p>\n<p>    As the focus turns to    implementation in the months and years ahead, EuropaBio wants    to ensure any changes benefit startups and SMEs. Because its    frontier technology, it really lies with the small innovators    that spin out and start up companies around scientific    advances, Skentelbery said.  <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>Link:<br \/>\n<a target=\"_blank\" href=\"https:\/\/sciencebusiness.net\/news\/biotech\/eu-sets-out-plan-simplify-biotech-regulation-and-speed-approvals\" title=\"EU sets out plan to simplify biotech regulation and speed up approvals - Science Business\" rel=\"noopener\">EU sets out plan to simplify biotech regulation and speed up approvals - Science Business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The European Commission is to look into how to speed up approvals for biotechnology, with a view to launching an EU Biotech Act in the next mandate, executive vice president Margrethe Vestager has announced. Europe will not be attractive to businesses worldwide if permitting and other administrative procedures take much longer than in other parts of the world, she said, presenting the Commissions biotechnology and biomanufacturing initiative on 20 March.  <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/biotechnology\/eu-sets-out-plan-to-simplify-biotech-regulation-and-speed-up-approvals-science-business.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1246860],"tags":[],"class_list":["post-168813","post","type-post","status-publish","format-standard","hentry","category-biotechnology"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/168813"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=168813"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/168813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=168813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=168813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=168813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}