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HEALTH & SCIENCE

Despite Top Scientists, Greece Ranks Low in EU Medical, Clinical Studies

Although being rated highly for the quality of its scientists and researchers, Greece fares poorly in the share of clinical studies conducted in Europe, taking part in only 186 of some 4,000 throughout the region.

National Organization of Pharmaceutical Companies (SFEE) data released for  International Clinical Trials Day showed 44 billion euros ($47.76 billion) invested yearly in European studies, Greece getting less than 100 million euros ($108.54 million.)

“If 1.5 percent of the total expenditure on drug research and development carried out in Europe was invested in Greece, this would mean 500 million euros ($542.72 million) in investments in clinical studies that would lead to 1 billion euros ($1.09 billion) SFEE said.

It added that would mean 180 million euros ($195.38 million) in tax revenues and 23,000 jobs, the agency said of the lost potential.

Greece lost much of its best and brightest and scientists during a 2010-18 economic and austerity crisis that saw people flee to other countries for work and a better life, and also having been held down by a clientelist system of favoritism over merit.

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