Pharmaceutical Sales Share to Fall

Nov 02, 09:32 AM

Current Headlines: By Bloomberg News

WASHINGTON (AP) -- Pharmaceutical sales in the United States will drop to a third of global sales in 2008, from a 50 percent share two years ago, a report released Thursday says.

Prescription drugs sales in emerging economies in China, Brazil, Turkey, Mexico and elsewhere are booming, but the gains will be offset by the loss of patent protection for profitable drugs worth $20 billion in annual sales in 2008, predicts health-care research firm IMS Health.

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