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Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

CPhI: Emerging Countries Will Drive Growth in the Pharma Industry and Develop Innovator Drugs

11:25 AM MDT | October 19, 2009 | Deepti Ramesh in Madrid

Growth in the pharmaceutical industry will be driven by emerging markets during the next 10-15 years, and these countries will be developers of innovator drug products, says fine chemicals business consultant Peter Pollak (Reinach, Switzerland). Speaking to CW at the CPHI conference and expo, currently being held in Madrid, Pollak said that the pharma industry in the developed world, which was growing about 10%/year in 2001, is currently growing at about 3%/year, and emerging markets are seeing double-digit growth. Generic drugs will gain in importance and the...

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