During the last thirty years, healthcare expenditure has been growing much more rapidly than GDP in OECD countries, causing increasing concerns about the long-term sustainability of current trends. As we have seen with the global impact of the financial crisis, economic realities are moving faster than political ones.
Well ladies and gentlemen of the biotechnology community, welcome back after the silly season. I hope you had a nice one, whether it was in the sunny bit, the rainy bit or the bits that were on fire. As usual, summer in Europe was quiet. I see we still have a Eurozone, which is nice, and shows that the revolutionary, biotech-driven solution I came up with earlier in the year is still working.