TITLE

Global pharma market expected to slow down in 2008

PUB. DATE
November 2007
SOURCE
Chemical Business;Nov2007, Vol. 21 Issue 11, p89
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents an outlook for the global pharmaceutical market in 2008 amid declining drug treatment costs, pricing issues and loss of patent protection in blockbuster medicines. IMH Health predicts global pharmaceutical sales to expand to $735-745 billion in 2008, with sales growth in the U.S. and the five largest European markets expected to be around 4-5%. Companies manufacturing generic drugs are forecasted to grow by 14-15% to more than $70 billion.
ACCESSION #
31156749

 

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