NewswireToday - /newswire/ -
London, United Kingdom, 2007/11/27 - Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report showing that in 2006, global sales of generic pharmaceuticals were $77 billion.
“Consolidation in the Generic Pharmaceutical Industry: An evolving landscape” reports that there has been a remarkable transformation in the pharmaceutical market, with revenue growth in the generics business turning into a high growth segment.
For many years generic companies were the poor relations of the pharmaceutical industry, with modest growth rates and little or no transnational business operations. As generics companies have grown, often by acquisition, they have generally developed as international businesses.
The study shows that the leading two generics companies have both generated sufficient revenues to be described as major pharmaceutical companies. However there are also key issues that impact the growth prospects of the generics companies, such as fewer new therapeutic entities reaching the market- which ultimately reduces the number of opportunities to launch new generic products. Another crucial issue for the generics market is more biological agents. The introduction of biosimilars has several legislative and regulatory constraints for generics companies.
In response to some of these challenges, many leading generic companies have pursued consolidation via mergers and acquisitions, increasing their market muscle and improving their geographical reach. This has made the generics market see a rush of takeovers.
“Consolidation in the Generic Pharmaceutical Industry: An evolving landscape” closely examines the significant acquisitions in the industry and forecasts which companies are shifting from single country marketing strategies through mergers and take-overs.
“Consolidation in the Generic Pharmaceutical Industry: An evolving landscape” is available from Report Buyer. For more information visit the website.
Report Buyer product ID: URC00001
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