Patents of some of the most popular
branded drugs are going to expire soon thus opening an array of
opportunity for generic drug makers to copy those branded drugs
and churn huge amount of money. The situation is going to provide
a tough competition to pharma giants like Pfizer and Merck &
Co. as generic drug companies will try to make huge profit by producing
generic Viagra, generic
Zoloft and other generic versions of popular drugs.
To overcome this situation, some of the big pharmacy
names such as Merck & Co is laying off its employees and shuttering
down manufacturing sites to save $4 billion through 2010. The company
is also trying to acquire another company to build its product pipeline
for facing the competition of generic drug manufacturers.
To read more visit:
http://www.baltimoresun.com/business/bal-bz.merck30nov30,1,6596155.story?coll=bal-business-headlines&ctrack=1&cset=true
