Apr 20, 2010 1:01 PM by Associated Press

Price controls expected to slow drug sales in 2010

A health industry researcher says pharmaceutical sales growth worldwide will slow this year due to
expiring patents for blockbuster drugs and tighter price controls imposed by European governments.

Health industry data firm IMS Health expects global prescription drug sales growth to slow to between 4 and 6 percent compared with 7 percent in 2009. IMS says U.S. pharmaceutical sales growth will be slightly slower, in the 3 percent to 5 percent range.

Pharmaceutical companies have struggled for more than a decade to replace blockbuster drugs developed in the 1990s. With the increasing expiration of drug patents, pharmaceutical sales growth has fallen from double-digit advances early last decade to single-digit growth.


»Topics in this article

More News

Story Photo

2 minutes ago

Falcon school fights to save student's life

FALCON- Aden Knar, a third grade student at Falcon Virtual Academy, is in need of a life-saving bone marrow transplant. His school, Falcon Virtual Academy, will host a bone marrow donor drive tomorrow to help find a match Aden. Knar, 10, was diagnosed at age 4 with acute lymphoblastic leukemia and entered remission in 2008. In November 2013, the Knar family learned that the leukemia had returned, and is now isolated in his bone marrow. In an outreach of support, Falcon Virtual Academy hosted a bone marrow donor drive in January, and will be hosting another tomorrow from 10 a.m. - 2 p.m. at 6113 Constitution Ave., directly west of Care and Share Food Bank for Southern Colorado. "We wanted to reach out to the family again," said Jodi Fletcher, assistant principal. Fletcher explained that more than 250 people participated in the January drive, and she hopes to have similar numbers April 19. The money from a bake sale at the drive, and a portion of the proceeds raised from a spring formal...

Most Popular

Top Videos

1 2 3 4