Established in 1978, as an association representing pharmaceutical companies, Farmindustria is a member of Confindustria (the Confederation of Italian Industry), the European Federation (EFPIA) and the world federation (IFPMA). Its members comprises 200 Italian and foreign-owned companies operating in Italy.
With over 170 factories throughout the national territory and 66,500 highly qualified and increasingly younger employees (under 35s account for 81% of new recruits), and of whom women make up just less than one half (42%), the pharmaceutical companies in Italy play a strategic role in the country and a leading role in the EU. The sector’s overall production value amounts to € 32.2 billion of which over 80% is exported.
Thanks to 6,600 researchers and € 3 billion in annual investments (1.3 in production and 1.7 in R&D), Italy is a major player in pharmaceutical research. This is amply demonstrated by the country’s specialisations in biotech medicinal products, advanced therapies, orphan drugs, blood derivatives, vaccines and clinical trials. Such pre-eminence has been achieved through territorial networks and in cooperation with public and private centres of excellence, universities, innovative SMEs, start-ups, charities and non-profit bodies.
The pharmaceutical industry represents a force for the entire economy having, as it does, the highest recorded national growth rates, in recent years, for employment, investments, exports and production. And it is also one of the greenest industrial sectors.
Furthermore, in order to guarantee business probity Farmindustria has adopted a Code of Conduct – one of the most severe in Europe – to regulate inter-company dealings and relations with the scientific and healthcare communities.
Farmindustria pursues the objective of securing a stable regulatory framework and a pharmaceutical policy that acknowledges the vital role played by our industry in the growth of the life sciences in our country.
Moreover, enormous attention is being given to the young. Thus, in order to familiarise students with pharmaceutical companies and guide them in choosing a university course of studies, Farmindustria has launched the dual school/work project in high schools aimed at subsequent employment in the pharmaceutical sector. Another fundamental issue is the reconciliation between the employees’ life and work, especially as regards women, who are frequently cast in the role of caregivers, through one of the country’s most up-to-date and effective corporate welfare schemes.
Farmindustria also promotes the awareness of pharmaceutical companies and their research activities by means of roadshows on the premises of member companies in order to give live demonstrations of innovation and the production of value and inculcate reflections on the policies necessary to stimulate growth.
The association has also presented the “Clock of Life” to highlight the contribution made by medicinal products to the increase in life expectancy.