'Industry Predicts Increased Pressure on the Branded Pharmaceutical Industry' Says visiongain Report.LONDON & SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- The global pharmaceutical market has entered a period of change that could signify the start of an industry-wide economic downturn. The pharmaceutical industry has enjoyed high growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. and positive outlook since its inception, and has consistently been one of the most productive industry sectors. However visiongain's latest report suggests that this is ending. "The development of an ultra-competitive generic industry together with unprecedented patent loss will see branded companies struggle", said visiongain pharmaceutical market analyst Tristan Heath. PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design (Product Lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. Management) has been touted as a revenue saving concept, but as the report suggests, the choice of strategy is vital. The global pharmaceutical market is currently valued at $550 billion. However, by 2009 an estimated $78 billion of revenue producing drugs will have lost patent protection. Generic competition is expected to take at least 50% of the market and the consequent loss of income for the branded companies is significant. Drug development is taking longer, R&D investment is increasing exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. and yet NCE NCE Networks of Centres of Excellence NCE New Chemical Entity (pharmaceutical research) NCE Normal Curve Equivalent NCE New Civil Engineer (UK Journal) NCE Non-Commercial Educational NCE New Century Energies approvals are static at approximately 50 per year. In this challenging market situation, branded pharmaceutical companies are utilising aspects of PLM more commonly associated with other industries, in an effort to boost revenue. Although reformulation and combination products have been a part of the industry for a number of years, OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). switching and authorised generics are examples of relatively new additions to the PLM portfolio of strategies. The visiongain report considers the various strategies and attempts to assess the appropriateness of each depending on drug and market type. A key aspect of any PLM strategy is to produce a product that provides an increased therapeutic advantage for the patient. Each PLM strategy is designed to increase profit for the pharmaceutical company. However, with pressure on healthcare authorities to reduce expenditure, the justification of additional cost by improved therapeutic value is a key aspect determining success. Visiongain's report - Product Lifecycle Management, 2006- assesses the PLM strategies, listing strengths and weaknesses and analyses which drugs would benefit from specific strategies. An overview of the patent regulations determining the market and the potential ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for each strategy is considered. Notes for editors: To receive your complimentary overview of - Product Lifecycle Management - Please send an email to Sara Peerun sara.peerun@visiongain.com, telephone Sara on +44 (0) 20 8767 6711 or see www.visiongainintelligence.com. Please include your full name, title of publication, contact telephone number, email, and details of where you saw this release. Upon receipt of this information, an overview will be emailed to you. Background: Visiongain is one of the fastest growing and most innovative independent media companies in Europe today Europe Today is a daily radio news show on the BBC World Service about public affairs throughout Europe. It is presented by Audrey Carville at 17:00 GMT every weekday. External links
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