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Chemical Week Magazine :: Pharmaceuticals & Fine Chemicals

SAFC Adapts to Changing Pharmaceuticals Market

2:06 AM MST | November 13, 2008 | Alex Scott

Sigma Aldrich Fine Chemicals, of late the fastest growing division within the Sigma Aldrich group, says the business environment it operates in is changing significantly and rapidly and that it is adapting its business model accordingly.   A key dynamic is the shift by big pharmaceutical companies away from blockbuster pharmaceutical products toward more specialist drugs with smaller sales, says Frank Wicks, president of SAFC. Pharma companies stand to lose $55 billion in sales during the next five years as a slew of drugs go off patent. “The specter...

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