Wednesday, November 17, 2010

Biosimilars forcing Big Pharma to go generic

In a recent article at The Economist, they look at the ironic turn drug companies have taken. In an effort to join the trend of double digit growth, many major Pharma companies are extending their assets and partnering with companies in order to ride the wave of successful biosimilar sales.

Although biotech-based drugs account for only a fifth or so of global drugs sales they are projected to grow at double-digit rates as sales of many conventional drugs decline, especially with a large number of patent expirations coming. Add the fact that many biotech drugs produce enormous profits—some treatments cost $100,000 or more per year—and it is easy to see why the sector looks like a juicy target for generic assault.

Do you expect to see an increasing number of partnerships come about like Pfizer and Biocon? What will their importance be for the industry?

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