In just 50 years, Ireland has become the world\u2019s third largest exporter of pharmaceuticals, with medicines now making up about 20% of Ireland\u2019s GDP. So how did Ireland become so tied to the pharma industry \u2014 and is that reliance at risk amid tariffs, patent cliffs and geopolitical tension?<\/p>\n
Ireland manufactures some of the world’s most in demand medicines \u2014 from Viagra and Botox to the blockbuster weight loss drug Mounjaro. <\/p>\n
In just 50 years, it has become the world’s third largest exporter of pharmaceuticals, with medicines now making up about 20% of Ireland’s GDP. <\/p>\n
That success has also created dependence on the industry, and a growing share of the country’s tax base comes from a handful of multinational drugmakers. <\/p>\n
So how did Ireland become so tied to the pharma industry \u2014 and is that reliance at risk amid tariffs, patent cliffs and geopolitical tension?<\/p>\n","protected":false},"excerpt":{"rendered":"In just 50 years, Ireland has become the world\u2019s third largest exporter of pharmaceuticals, with medicines now making…\n","protected":false},"author":2,"featured_media":375438,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2691,2368,168255,14408,4633,122,258,168257,1702,969,113,51065,4037,61,73851,1670,60,371,334,43,2689,168258,93775,33606,1691,14105,168256,153062,1627,2114,15769],"class_list":{"0":"post-375437","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ireland","8":"tag-biotech-and-pharmaceuticals","9":"tag-biotechnology","10":"tag-botox-injections","11":"tag-breaking-news-business","12":"tag-breaking-news-investing","13":"tag-business-news","14":"tag-cancer","15":"tag-corporate-taxes","16":"tag-diabetes","17":"tag-donald-trump","18":"tag-economy","19":"tag-erectile-dysfunction","20":"tag-heart-health","21":"tag-ie","22":"tag-intl-digital-video","23":"tag-investment-strategy","24":"tag-ireland","25":"tag-medication","26":"tag-neutral","27":"tag-news","28":"tag-novo-nordisk-a-s","29":"tag-patent-filings","30":"tag-patents","31":"tag-pfizer-inc","32":"tag-pharmaceuticals","33":"tag-prescription-drugs","34":"tag-statin-drugs","35":"tag-synthetic-drugs","36":"tag-tariff","37":"tag-weight-loss","38":"tag-weight-loss-drugs"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/375437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=375437"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/375437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/375438"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=375437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=375437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=375437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}