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Though pharma growth slides, blockbusters reach new record

The global pharmaceutical market failed to reach double-digit growth in 2004 for the first time in about nine years. Key reasons for this focused on concerns over drug safety, pricing and competition from generic drugs as major products had their patents expire.

Let's take a look at how the market did. This is according to the estimates of IMS Health, a phar......

Full article >>> for years. The need to take complementary therapy in a number of classes of drugs as well as overall patient compliance has driven this trend.

Of real significance is the growth of blockbuster drugs. Remember that the definition of a blockbuster drug is annual sales of $1 billion or more. Some 20 years ago, there were less than a handful of blockbuster drugs. In 2004, there were a record......

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