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Saturday, November 30, 2013 3:00:41 PM
This was from recent Newsday Article:
Quote,
" The IMS Institute for Healthcare Informatics, an independent research organization, Tuesday predicted spending on brand-name prescription drugs around the world will fall to its lowest rate in decades, with low-cost generics continuing to replace former blockbusters in the United States and Europe.
Generic prescription medicines will grow to become more than 36 percent of global sales by 2017, according to IMS. Currently generics make up about 27 percent of the global market. "
And,
Quote,
" MS predicted the global prescription drug market, including generic and brand-name products, will grow by 3 percent to 6 percent over the next four years to $1.2 trillion.
That compares to a growth rate of 5.4 percent in the last four-year period. "
http://www.imshealth.com/portal/site/imshealth/menuitem.f27050a3118dd27f24e524e51ad8c22a/?vgnextoid=736de5fda6370410VgnVCM10000076192ca2RCRD&vgnextfmt=default
IPCI Pipeline:
http://www.intellipharmaceutics.com/pipeline.cfm
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