2007 Drug Sales: Innovative vs Generic, Small Molecule vs Biologic, US vs ex-US ($B)
Innovative Generic Innovative Generic All small molsmall molbiologicsbiolgcsDrugs US 208 22 60 n/a 290 (44%) ex-US 281 53 34 2 370 (56%) ===== === == == = === World 489 75 94 2 660
(These figures ought to be accurate enough for investment purposes but should not be taken as the gospel. I’ve pieced them together from such sources as IMS estimates and drug-company webcasts.)
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”