Shares of the company, which has engaged Barclays as its financial adviser, were down at .36 on Thursday.Up to Wednesday’s close, shares had fallen about 10 percent since the start of the year, compared with an 8.9 percent jump for the S&P500 healthcare index .
Shares of the company, which has engaged Barclays as its financial adviser, were down at .36 on Thursday.Up to Wednesday’s close, shares had fallen about 10 percent since the start of the year, compared with an 8.9 percent jump for the S&P500 healthcare index .Tags: Real College Essay PromptsThesis Theme Logo Above MenuLeadership Dissertation QuestionsAverage Dissertation LengthThesis Statement For Senior ProjectResearch Paper On HomelessnessCertificate Watermark PaperHow Long Should College Essay Be Common App
But the era of the blockbuster drug is nearing an end. To be sure, there is still plenty of room for improvement in the medications people take, and no shortage of human suffering to alleviate.
But it is doubtful whether big pharmaceutical companies will be able to pursue these goals within the old model of developing exclusive new pills that they can sell under patent protection.
“We do not think it is understood how dilutive this is likely to be.” Perrigo’s announcement comes just a day after larger rival Mylan said it was evaluating all strategic options, citing a tough U. Analysts said the plan to separate the prescription pharmaceuticals business was “long overdue”.
Regulatory, supply chain and competitive headwinds have taken a toll on a differentiated business that is very niche and highly profitable, Berenberg analyst Patrick Trucchio said.
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For one thing, pharma companies in the past were able to develop drugs for health problems that had never before been addressed.
When anti-cholesterol drugs were first launched, for example, they created entirely new, multibillion-dollar markets.
Indeed, global pharmaceutical companies have been built around the idea of discovering blockbuster drugs that solve medical problems common to tens of millions of people.
They have supported that approach with huge investments in their innovation programs and marketing and sales operations. alone, branded pharmaceuticals accounting for some US0 billion in annual revenues (including Lipitor, Zyprexa, Plavix, and Seroquel) will be coming off patent in the next few years, opening the way to generics and eroding a major source of the industry’s profits.