Oireachtas Joint and Select Committees

Wednesday, 18 November 2015

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2015: Committee Stage (Resumed)

11:00 am

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

That means that the measuring of the processes within these facilities will be key. A cynic would say that if a drug is produced by way of a particular method and that process is altered somewhat then that is innovative because it has changed the process of manufacture of that drug. It may simply be the case that one ingredient has been introduced after another ingredient and so on. How can we be sure that what we are looking at is innovation or R&D that is of value to the State? The Minister of State said that this the process is such that we will be able to identify the components within a product that fall under the KDB and so on. Given there are potentially billions of euro involve in this there will be a huge incentive for foreign direct investment to play the game to a certain extent.

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