Despite Patent Cliffs, Pharmaceutical Market Shows Signs of Stability
The pharmaceutical market is beginning to show signs of stability, with a review of 30 leading companies highlighting combined revenues of $718.7 billion in 2013, down just 0.2% from 2012, according to research and consulting firm GlobalData.
The company’s latest report* states that although overall industry revenues were relatively unchanged, a familiar pattern saw a number of companies recording significantly lower sales in 2013 than in the previous year.
Adam Dion, MS, GlobalData’s Analyst covering Healthcare Industry Dynamics, says that a major contributor to the pharmaceutical market’s decline in 2013 was Pfizer, which saw its top-line sales decrease by 12.5% or $7.4 billion.
Dion comments: “While Pfizer’s fall in sales was largely the result of the separation of its animal health business, it also underlines the impact of a number of patent expirations and the graduated termination of the company's agreement with Boehringer Ingelheim.
“However, the bad news did not fall on all drug makers. Johnson & Johnson was the growth leader in absolute dollars, increasing by $4.1 billion in 2013, driven by the company’s immunology and oncology portfolios.”
According to GlobalData, Biogen Idec was the peer group revenue growth leader in 2013. Biogen’s sales increased to $5.5 billion in 2013, a 25.7% rise from the $4.2 billion the company reported in 2012.
Dion explains: “Biogen’s revenues soared as a result of Tysabri (natalizumab), the company’s injectable monotherapy for treating relapsing forms of Multiple Sclerosis (MS), and its new oral MS drug Tecfidera (dimethyl fumarate).
“Sales of Tysabri grew 36.4% year-to-year from $1.1 billion in 2012 to $1.5 billion in 2013. The company also benefited from recognising $876.1 million in new revenues from sales of Tecfidera, despite the drug only having been approved in March 2013.”
Looking forward to 2014, the analyst adds that Gilead is well on track to make a significant impact, with its blockbuster hepatitis C drug, Sovaldi (sofosbuvir). Approved by the FDA in December 2013, Sovaldi posted unprecedented sales of $5.8 billion in the first half of this year.
Related News
-
News Patients vs Pharma – who will the Inflation Reduction Act affect the most?
The Inflation Reduction Act brought in by the Biden administration in 2022 aims to give better and more equitable access to healthcare in the USA. However, pharma companies are now concerned about the other potential costs of such legislation. -
News CPHI Podcast Series: What does the changing US Pharma market mean for industry and patients alike?
In this week's episode of the CPHI Podcast Series Lucy Chard, Digital Editor for CPHI Online is joined by James Manser to discuss the political and market changes in the US pharma field. -
News CPHI Barcelona Annual Report illuminates industry trends for 2024
The CPHI Annual Survey comes into it’s 7th year to report on the predicted trends for 2024. Over 250 pharma executives were asked 35 questions, with their answers informing the industry landscape for the next year, spanning all major pharma marke... -
News Which 10 drugs are open to price negotiation with Medicare in the USA?
The Centres for Medicare & Medicaid Services, under the Biden administration in the USA, has released a list of the 10 drugs that will be open to price negotiations as part of the new legislation under the Inflation Reduction Act (IRA). -
News EU Medical Devices Regulation causes unintended disappearances of medical devices for children, doctors state
Doctor groups and associations have appealed to the EU to correct the EU Medical Devices Regulation law that may cause unintended shortages of essential drug and medical devices for children and rare disease patients. -
News 10 Major Drug Approvals So Far in 2023
Last year, 37 novel drugs were approved by the FDA, this was a high number for such a category, and covered many fields including oncology, demonstrating how promising further research is, and how it is only continuing to build. To date, there are alre... -
News Detecting Alzheimer's disease with a simple lateral flow test
A novel rapid diagnostic test for early-stage Alzheimer's disease has been developed using a biomarker binder from Aptamer Group along with technology from Neuro-Bio, the neurodegenerative disease experts. -
News CPHI Podcast Series: outsourcing and manufacturing trends
Listen to the CPHI Podcast Series this June to hear Gil Roth of the PBOA speak with Digital Editor Lucy Chard about the biggest trends and topics to watch in pharma outsourcing and manufacturing at the minute.
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance