NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, November 7, 2014

Pharmaceuticals is an extraordinarily profitable business.

The most profitable, in fact, looking at figures for last year.

But for how much longer is the question occupying the minds not just of big pharma executives, but of health professionals and governments the world over.

There are already signs of trouble ahead – thousands of job losses and widespread consolidation are hardly characteristics of an industry in rude health.

But this is just the beginning of a process that could fundamentally change the pharmaceutical sector forever.