R&D growth and new blockbusters predicted by report
The launch of 12 new blockbusters, continued growth in research and development (R&D) and the USA’s Pfizer (NYSE: PFE) overtaking Switzerland’s Novartis (NOVN: VX) as the industry’s biggest company by sales, are all predicted for 2016 by a report on the pharma and biotech sectors suggests.
The EP Vantage Pharma & Biotech 2016 Preview, put together by a team of industry analysts, also predicts that Anglo-Swedish company AstraZeneca (LSE: AZN) will slip to the bottom of the top 10 biggest firms in the industry, and that Humira (adalimumab), an arthritis med marketed by the USA’s AbbVie (NYSE: ABBV), will remain pharma’s best-selling drug.
Abbvie is facing a future battle to retain its exclusivity on Humira, however, and the report expects that the Chicago-based company and AstraZeneca will face the biggest patent risks this year.
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