Cities across Europe bid to be the new site for the EMA, which “promises to make its new host into a hub for Europe's medical industry,” the BBC notes. After three rounds of voting among EU ministers, Milan and Amsterdam were tied for the most votes, so the winner was decided by a coin toss. A vote on the new location for the European Banking Agency, also headquartered in London, is expected later today.
“The relocation of the E.M.A. away from London will be a bitter pill to swallow,” says Rory Palmer, a spokesperson for the UK Labour Party’s lawmakers in the European Parliament, in a statement to the New York Times. “Our economy will suffer. Our health sector will suffer. Our successful pharmaceutical industry will suffer.”
Halbe Zijlstra, the Netherlands’s foreign affairs minister, took a sunnier view, tweeting, “Good for the Netherlands and above all good for EU citizens who can continue to count on high-quality medicines & proper supervision. It shows we can tackle effects of Brexit with resolve.”