alexa The Pharmaceutical Industry: A Call for Change

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The Pharmaceutical Industry: A Call for Change

The pharmaceutical is one of the most regulated industries across the globe. Its success story lies in ensuring essential drugs at affordable prices to therapeutic naive population. Until recently, pharma investments in R&D and innovation resulted in patent-protected, high-margin revenue streams. The business was lucrative since physicians prescribed these new expensive drugs; patients accepted the prescription and payers footed the bill. Lean practices were not essential in the business, which helped to increase the value of the global pharmaceutical market. By 2020, it is estimated that the expected growth will be worth nearly $ 1.6 trillion.

Citation: Sharma H (2015) The Pharmaceutical Industry: A Call for Change. Pharmaceut Reg Affairs 4:e147.

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