In the
contrast to the collective name “Big
Pharma” which refers to all pharmaceutical fields I would propose a new
term “Big Diabetes Pharma” – top 5 companies which monopolize the diabetes
market: Novo Nordisk , Sanofi , MannKind, and the diabetes partnership of
Bristol-Myers Squibb and AstraZeneca.
Only 5 companies! Amazing. Unbelievable huge
profits:
The diabetes treatment business is booming. According
to the Centers for Disease Control and Prevention, 25.8 million Americans are
affected by diabetes. That's more than 8% of the U.S. population. S&P's
Rating Services estimates that the global diabetes market will grow to 280
million people in the next 20 years, elevating sales of diabetes-related
treatments from $35 billion to $58 billion.
Well, monopoly
and cartel are extremely profitable systems and they are basically the main
target in business wars. Those 5 companies are clearly winners! My congratulations!
But what about the diabetes patients? Who cares?!
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