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Shifting Fortunes in API Market Growth
Pharmaceutical Technology, 08/21/09
Arnum PV – The year 2008 marked another period of slowing growth in the global and US markets for prescription drugs. Increased market penetration of generic drugs, fewer new product launches from recent highs, and deteriorating macroeconomic conditions contributed to a sluggish performance in 2008 and bodes ominously for the near term. Biologics increased their position among the top–selling prescription drugs in 2008, and strong growth is expected for 2009 and beyond.
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