Generic Drugs Experiencing Faster Sales Growth than many Branded Ones
With over 39 major drugs due to lose their patent protection before 2010,
generic companies are prepared to gain even further market share. Visiongain predicts that there will be sustained increases in growth through 2005-2007, but that there will be a peak in the period 2008-2010.
Visiongain also reveals that nine of the top ten fastest growing pharmaceutical companies are generic as a result of the increasing demand for cheaper drugs. This high growth market is especially important as branded drug growth rates are beginning to falter for the same forecast period.
Report author Dr Gordon Low said: "It is a constantly changing market with companies merging to improve overall competitive position."
The study examines crucial aspects of the top ten
generic companies , including recent acquisitions and mergers as well as the latest financial results of each. The report also covers the latest generic company strategies, the success and failure of the Hatch-Waxman Act, European regulatory issues, and important litigation in the sector.
Notes for editors:
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Background:
Visiongain is one of the fastest growing and most innovative independent media companies in Europe today. Based in London, UK, visiongain produce a host of business-2-business conferences, newsletters, management reports and E-Zines nfocusing on the Financial markets, the Pharmaceutical, Telecoms industries and the Defence sector.
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Generic Drugs Experiencing Faster Sales Growth than many Branded Ones