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Innovative Medicines Initiative: putting Europe at the forefront of biopharmaceutical innovation

Imaging biomarkers for anticancer drug development, new tools for target validation to improve drug efficacy (oncology), molecular biomarkers to accelerate cancer therapy development and refining of patient care.

These are but a few of the new calls for proposals announced by the Innovative Medicines Initiative (IMI) – the public-private partnership between the European Commission and the European pharmaceutical industry, represented by EFPIA. Proposals are expected to be launched end of Octobe

r.With these topics, IMI aims to accelerate the discovery and development of new medicines in the field of cancer, inflammatory and infectious disease.

The funding available for the 2nd call will be €156.3 million, with €76.8 million provided by the European Commission and €79.5 million expected to be provided in kind from EFPIA member companies. IMI also introduced also its newly-appointed Executive Director, Michel Goldman, who will officially take up his post on 16 September.

The EU Commissioner for Science and Research Janez Potočnik underlined the achievements and major advances of the initiative: ”IMI is our response to the need of improving Europe’s attractiveness for pharmaceutical R&D and to ensure that results from fundamental research can be rapidly translated into new innovative treatments. We should see results from this exciting new research mechanism very soon and hereby that new innovative medicines should reach European patients faster.”

Addressing the media at the event, Arthur J. Higgins, CEO of Bayer HealthCare and President of EFPIA, praised the collaboration between the industry and Commission: “The IMI is a clear statement that Europe intends to be at the forefront of biopharmaceutical innovation. By accelerating and optimizing R&D processes we are trying to remove bottlenecks in the drug development process. For this reason, we have already invested € 246 million – including € 136 million from industry – in the successful proposals to date. The greatest success of this initiative has been in bringing together normally competing pharmaceutical companies with academic stakeholders in an unparalleled effort to accelerate the discovery of innovative medicines.”

The newly-appointed Executive Director, Professor Michel Goldman, said: “I am very pleased to be joining IMI at such an exciting moment in its development. On the basis of my previous experience in public-private partnerships, my first priority will be to strengthen the bridges between academia and industry in the interest of patients”.

Michel Goldman’s appointment as IMI’s new Executive Director is an important step towards IMI’s complete autonomy from the European Commission and EFPIA.

The new research topics have been approved by the IMI Board, after extensive consultation between various stakeholders; including the IMI scientific committee, Member states representatives, the European commission and pharmaceutical companies that are members of EFPIA. All of which are committed to collaborate with public and private organization to address these issues more efficiently.

The total IMI budget for the period 2008-2017 is €2 billion (1 billion from the European Community and 1 billion from the industry).

The 1st call of proposals of IMI was launched in April 2008. 134 proposals were submitted of which 15 have been selected to receive € 246 million.

2 comments on “Innovative Medicines Initiative: putting Europe at the forefront of biopharmaceutical innovation

  1. Pingback: Innovative Medicines Initiative: putting Europe at the forefront of biopharmaceutical innovation | cancer research

  2. Pingback: Innovative Medicines Initiative: putting Europe at the forefront of biopharmaceutical innovation

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This entry was posted on September 15, 2009 by in News, Technology and tagged , , .
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