$60 billion of Pharmaceutical Company Revenues under Threat from Generic Drugs; Over 40 Major Patent Expiries to Drive Growth to 2009.LONDON -- Up to $60 billion of major branded drugs sales are at risk from new generics competition between now and 2009 fueling growth of specialist generic pharmaceutical companies, says a report from Urch Publishing. "Generic Competition to 2009 - The impact of patent expiries on sales of major drugs", shows that up to $60 billion of revenues currently generated in Europe and the USA by big pharmaceutical companies could come under threat as patents expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. and generic competition kicks in. The impact of these expiries is not equally spread amongst big pharmacos. "There is a considerable difference between the top 20 pharmaceutical companies in both the number of products and the amount of revenues under threat from the potential introduction of generics", said Dr Peter Norman Peter George Norman (June 15, 1942 – October 3, 2006) was an Australian track star best known for winning the silver medal in the 200 metres at the 1968 Summer Olympics in Mexico City. His time of 20.06 seconds still stands as the Australian 200 metre record[1]. , the report's author. "Eli Lilly Eli Lilly can refer to:
The beneficiaries of this growth are likely to be the major generics companies, in particular Sandoz and Teva. The leading generics companies are likely to remain those based in Europe, especially Germany, and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , plus those in Israel and India. The near term may also see the emergence of new players from the Far East, especially China and Korea, taking advantage of low cost bases and scientific capabilities. In 2004 global sales of generic products were reported to be $58 billion , accounting for 14% of the global healthcare market. The five year period to 2009 could see $15-$20 billion of additional revenues generated by the generics companies, significantly enhancing their growth prospects. The 95 page report uses detailed regulatory and company source information in order to provide a concise over of the effect of patent expiries on over 40 major selling pharmaceuticals including, Nexium Nex·i·um A trademark for the drug esomeprazole magnesium. esomeprazole magnesium Nexium Pharmacologic class: Proton pump inhibitor Therapeutic class: Antiulcer agent , Srevent and Protonix Pro·ton·ix A trademark for the drug pantoprazole. pantoprazole sodium Protium (UK), Protonix, Protonix IV Pharmacologic class: Proton pump inhibitor Therapeutic class: . More information about the report can be found at http://www.urchpublishing.com/publications/general. Urch Publishing Ltd is an independent business information publisher dedicated to delivering quality information products to the global pharmaceuticals industry. |
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