Monday, December 4, 2017
The EMA, a multi-national regulatory agency that serves more than 500 million people living in Europe, will relocate from London to Amsterdam as a direct result of Britain’s vote to leave the European Union (EU), known as Brexit. While the move will be devastating for Britain’s pharmaceutical and health sciences industries, it will bring nearly 1,000 new jobs and an injection of capital to Amsterdam, which will become the EMA’s new home when the U.K. officially leaves the EU in March 2019. Overall, 19 European cities bid on the highly sought-after spot. After a complex voting process, a tie-breaking draw of lots crowned Amsterdam the winner over Milan.