Thursday, April 5, 2012

Fresh numbers for industry

The information was taken from here.

No comments (I have just underlined the key numbers):

Overall U.S. spending on medicines reached $320 billion in 2011, up 3.7 percent from 2010, according to the report from IMS Health, a healthcare information and services company. The increase was just 0.5 percent on a per capita basis.

All told, the industry launched 34 new drugs last year, the most in more than a decade, according to IMS.

The new products include hepatitis C drugs Incivek from Vertex Pharmaceuticals and Victrelis from Merck & Co ; Bristol-Myers Squibb's Yervoy and Roche Holding AG's and Zelboraf for melanoma; and two medicines for preventing stroke for patients with irregular heart beats: Boehringer Ingelheim's Pradaxa, and Xarelto from Johnson & Johnson and Bayer AG.

Spending last year on brands launched in 2010 and 2011 amounted to $12.2 billion, according to IMS.

Overall spending on brand-name medicines rose 2.2 percent to about $235 billion. Such spending was reduced by $14.9 billion because of brand-name products that lost their patent protection and saw their sales eroded by lower-cost generic copies. That included Pfizer's blockbuster cholesterol fighter Lipitor, which lost patent protection in late November.
Generics now account for about 80 percent of dispensed prescriptions, according to IMS. The pharmaceutical industry is in the midst of an unprecedented period in which many of the best-selling medicines are due to lose U.S. patent protection over the next couple years.

Well, I have a lot of thoughts concerning these numbers…

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