New Report: Brazil Able to Compete in Medical Innovation

Report outlines Brazil's progress in drug and medical innovation policy

(I-Newswire) July 16, 2009 - The Pharmaceutical Research and Manufacturers of America (PhRMA) applauds the new report "Innovation in Brazil: Public Policies and Business Strategies," which is based on several seminars organized by the Brazil Institute at The Woodrow Wilson International Center for Scholars. The report concludes that Brazil has made progress regarding its drug innovation policy and is capable of competing in medical innovation.

A full overview of the report by O Estado de São Paulo correspondent Renato Cruz is below:

Brazil has made progress regarding its innovation policies, according to Ricardo Sennes, managing partner of the consulting firm Prospectiva and author of the report "Innovation in Brazil: Public Policies and Business Strategies. "Brazil is able to play the international game to attract innovation investments", argued the consultant at a seminar held at Fundação Armando Alvares Penteado (Faap).
Sennes defines an innovation policy aim as "the systematic building of an integrated environment of incentives capable of providing the systematic application of knowledge in the economic activities", including processes, products and services. "The Brazilian innovation policy is still too much focused on tangible products."
The report is based on a series of seminars organized by the Brazil Institute at The Woodrow Wilson International Center for Scholars. "The innovation policy must be integrated to an international market strategy," argued Sennes.
Patent registration is one of the indicators that measures innovation. According to the report, the Brazilian companies that have registered the most patents are those that operate in the international market, such as Petrobras, Usiminas, Vale and CSN (Companhia Siderúrgica Nacional). "The companies that play the global game have no option", said Sennes. "They either invest or they are out of the market."
Sennes believes that Brazil is missing the opportunity to attract research and development (R&D) centers of foreign companies.
"Most of the Chinese patents are not developed by Chinese companies," the consultant said. Attracting R&D centers would have greater impact on the Brazilian economic growth than attracting industrial plants, as R&D centers generate more qualified jobs and a favorable environment for local innovative companies to emerge.
"The innovation policy should be focused on companies and not on universities, R&D centers and researchers," Sennes argued. In countries like Germany, China, South Korea and the United States, companies are largely responsible for the greatest share of R&D investment. This is not the case in Brazil, as the universities concentrate most part of the investments. "There is clearly a problem of resources allocation."
Brazil has already created key tools to implement its innovation policy, according to the consultant. "Brazil is not unarmed to create a policy, what it lacks is coordination," he said.
Sennes pointed out that in Brazil there are institutions that promote innovation, such as Finep, BNDES and the sectorial funds, a regulatory framework (the Law of Innovation and the Law of Goods), public policies such as the Productive Development Policy launched last year and a coordination agency (the Brazilian Industrial Development Agency). "Finding these instruments in Latin American countries is rare."
According to Sennes, nowadays innovation is generated from partnerships between the companies and its net of clients and suppliers, and between the company and the universities and research centers. He defended a broader stimulus to innovation, in order to avoid benefits only to selected areas.

Company Contact Information
PHRMA/Grady Forrer


July 16, 2009

If you have questions regarding information in this press release contact the company listed above. is a press release service and not the author of this press release. The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies / PR Agencies submit their press releases once per week/month or quarter, make sure check the official company website for accurate release dates as our site displays the distribution date only. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information.

Related Releases

Relish The Interesting Stories Of Amar Chitra Katha At Unbelievable Price On Infibeam

Get the best collection of Indian stories published by Amar Chitra Katha at infibeam, an online shopping website at an unbelievable additional 15% off.

Lamb of God Partners with Specticast for Worldwide Theatrical Distribution of "As The Palaces Burn" Documentary Film

As The Palaces Burn is a film about metal icons Lamb of God, the zealous passion of their fan base, and the gut-wrenching manslaughter trial of lead singer Randy Blythe.

Mervik Haums Publishes Free Infographic To Explain Affiliate Marketing

An Infographic is by far the best way to demonstrate any idea or marketing plan. As it is a visual representation of information, data and knowledge, the viewer get a very clear idea about whatever the graphic is built for.

86.7% Of People Think It Is A Good Time To Be Investing In Adelaide Property

Adelaide Finance Brokers Urbantech Group recently ran a survey on their website. They asked the simple question: "Do you think it is a good time to be i

The Metro Joins The Hunt For Santa With Ted Burns

Ted Burns, the host of Third Degree, is searching for Santa, also known as the Yuletide Yobbo. And now he's got the support of the Metro, the UK's leading free newspaper.

Latest 10 Headlines

Labor Day 11AM to 7PM, Unlimited Pass $20, Action Territory Family Fun Center, Free Parking, Admission & Wifi. Something Fun For Everyone!

Labor Day 11AM to 7PM, Unlimited Pass $20, Action Territory Family Fun Center Kenosha, Free Parking, Admission & Wifi. The Action Eatery Beer & Wine bar will also have specials that day. Five Free Tokens if you bring in a copy of this article.

Secrets of Analytics Revealed at the Latest Industry Interaction at Kirloskar Institute of Advanced Management Studies (KIAMS)

The four V's of big data - volume, variety, velocity and veracity-were the focus of a discussion during the Analytics lecture held on 16th August, 2014 in the KIAMS auditorium.

Huge Anticipation Around the National Conference on Knowledge Management Hosted by SCMS Cochin in Association with CDC, Govt. of India

SCMS Cochin will be hosting a National Conference on Knowledge Management on the 29-30th of August, 2014.

Clarity Technologies Completes Installation & Deployment Of Servers For Newark Prep Charter School

Clarity Technologies Group, LLC has recently completed the installation of a publicly advertised Request for Proposal for the Newark Prep Charter School.

Mr Sajiv Menon, MD, Nitta Gelatine India Ltd Delivers An Inspiring Inaugural Address to New Students at the Orientation Program Organized by SCMS Cochin

SCMS Cochin School of Business welcomed its 23rd batch of students with a rigorous orientation program to put them right into the thick of action.

The Curious Case Of Increased Global Demand Of Faculty From Elite Indian B-Schools As Observed By Professor (Dr.) Lata Dhir Of SPJIMR

Professor (Dr.) Lata Dhir of SPJIMR is back in India after a 2-month stint at the ESB Business School in Reutlingen, Germany.

FORE School Of Management, New Delhi Releases "Malaysia: Challenges And Perspectives"

FORE School of Management released a special book "Malaysia: Challenges and Perspectives" and the event was graced by the honorable High Commissioner of Malaysia Dato' Naimun Ashakli Bin Mohammad.

Mr. Tarun Mudgal Offers Students of FORE School of Management, New Delhi Valuable Insight into the World of Marketing and Sales

Mr. Tarun Mudgal, Commercial Account Manager, VMware Inc., recently visited the campus of FORE School of Management, New Delhi.

Samanvay 2014, the Annual Alumni Meet at KIAMS Turns Out to Be a Resounding Success

It was a homecoming for alumni from various batches at KIAMS who came together for the 2014 instalment of Samanvay.

Mr. Upadhyaya, Asst Vice President, JM Financial Services Pvt. Limited, Critically Analyses the SIP Projects of the Budding Managers of KIAMS

Marketing and Finance students of KIAMS recently had an opportunity to attend a presentation by Mr. Prashant Upadhyaya, Asst Vice President at JM Financial Services Pvt Limited.

Helpful Articles

Increase Website Traffic By Using Press Releases
Write A Press Release For Big Time News
Get Backlinks From Press Releases
How To Write A Press Release Quick And Easy
Choosing A Press Release Service
Writing A News Press Release
Get More Traffic From Press Releases
Is A Press Release Service Worth It?
Effective Press Release Distribution
Create a Successful Online Press Release
Submit A Press Release and Get More Traffic
How To Write A Press Release
Check This Before You Send A Press Release
Using A Press Release Service For Your News Release

Our Services:

Submit Your Free Press Release Now.

Open Now:
Online Classified Ads at
Job Search Engine at
Car Search Engine at
Real Estate Search at
Website News Releases, Announcements and Updates

Other Cool Sites:
Breaking and Latest Automotive News
Learn the secrets on how to become an alpha male and how to meet girls on facebook at Check out the best spinner and instant article factory for your content writing needs.