The pharmaceutical industry's inevitable endgame - that it would become dominated by the need for financial performance - has come to pass
Big Pharma's financial aspiration has been ever present but, 20 years ago, it lived in a more harmonious balance with the desire to save and improve lives. Many of us in the industry still aspire to help people through the development and application of science; but, for most of us, our contexts and the investment decisions are ultimately driven by the numbers. With this in mind, Nostrapharmus asks: what about the minor league, those unmet medical needs, with unattractive financial prospects?
The Payers and the Generics
The financial opportunity for drugs with a relatively modest target beneficiary population was always less attractive than the 'blockbusters'. Now, however, new pressures are upon us, in the form of health funders applying ever-increasing price pressure and the generic manufacturers waiting anxiously for time to pass, to grab the patent, forcing our R&D investment decisions to be based on shorter horizons. One can hardly lay blame for decreasing investment in the minor league at the door of the major players, when they too are subject to these pressures and the need to ensure good share price performance, which is the obligatory foundation stone for investment.
Natural Attrition?
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