Swiss Pharma Slips in Global Competitiveness Index

Switzerland dropped in innovation and technology leadership according to a new index. Industry leaders warn that the country must digitalize its healthcare system to avoid falling further behind.

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Switzerland slipped to seventh place in innovation and technology leadership, according to a BAK Economics index released on Wednesday morning. The country maintained its third-place overall ranking behind the United States and Ireland in the Global Industry Competitiveness Index. The drop highlights growing pressure on the pharmaceutical sector to accelerate digital transformation or lose clinical trial market share.

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