Article: A short journey into Switzerland’s thriving pharmaceutical industry and innovation-friendly legislations
Wednesday, 9 December, 2020
Switzerland’s economy and pharmaceutical industry are closely linked: pharma products made up 37.9% of all Swiss exports in 2018. The Swiss government does its best to encourage pharma innovation, introducing business-friendly legislation, low tax rates, tax deductions for R&D, and significantly reducing bureaucracy levels and the time needed to receive licenses for pharma products (only 330 days).
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