How the industry operates
Article Abstract:
An analysis on the drug discovery and development is presented. While a prescription drug's patent expired in about 8-10 years, some pharmaceutical company's come up with generic drugs that have same chemical equivalents as that of branded drugs. Over the counter drugs are also another option for broadening marketing products. The Food and Administration has formulated regulations regarding drug development, drug approval. Many factors affect the pricing of a drug, such as the efficacy of a drug, product's market size, costs incurred in the drug development, etc. Pharmaceutical industry is highly prone to lawsuits from all sectors including the public, regulatory agencies, etc.
Publication Name: Standard & Poor's Industry Surveys: Health Care
Subject: Health care industry
ISSN: 0196-4666
Year: 2004
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Industry consolidation continues unabated
Article Abstract:
The implications of collaborations among major pharmaceutical companies in global pharmaceutical industry are discussed in light of the recent agreement for sale of Aventis to Sanofi for $64 billion. Laws relating to import of drugs, growth prospects of global generic drugs and appointment of Dr. Mark McClellan as the administrator of United States Center for Medicaid Services (CMS) has also been mentioned.
Publication Name: Standard & Poor's Industry Surveys: Health Care
Subject: Health care industry
ISSN: 0196-4666
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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