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May 21, 2007

Spending on Biotech Drugs to Reach 25% by 2012

by Ed Vawter @ 7:24 pm.  Filed under Pharma News

Express scripts is now reporting that in five eyars, by 2012, biotech drugs will account for 25% of all expenditures on drugs. The market was $54 billion in 2006 and is expected to reach $99 billion by 2010.

SignOnSanDiego.com > News > Business > Biotechnology — Spending on biotech drug prescriptions rising:

I think this shows you why so many big pharma companies are either buying or investing in biotech. Also, since there is currently no biogenerics industry and regulation is only now starting to be worked on it is no wonder.

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