Pharmaceutical Research

Study examines state of pharmaceutical industry

Published in Gene Therapy Weekly, July 14th, 2005

High clinical development costs coupled with declining drug discovery success rates are causing productivity levels to fall in the global pharmaceuticals industry.

The imminent patent expiry of several major blockbuster drugs and the related rise of cheaper generic alternatives is further exacerbating the situation. Despite this, the global pharmaceutical industry offers significant growth opportunity for participants that can build new strategic business models.

Estimated at USD 554.00 billion in 2004, the global pharmaceuticals market is forecast to register an annual growth rate of 8.2% from 2004 to 2011 to reach USD 967.00 billion. Such expansion...

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Source: Gene Therapy Weekly (2005-07-14)

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