THE WORLD'S PHARMACEUTICAL INDUSTRIES
An International Perspective on Innovation, Competition and Policy
This perceptive book provides, for the first time, an up-to-date comprehensive study of pharmaceuticals - one of the most profitable and dynamic industries in the world.
The pharmaceutical industry's immense success is evident in its records of profitability and the flood of life-saving drugs it has produced. And yet the industry is in the midst of a major restructuring process involving multiple forms of specialization and growing internationalization. Government regulators and pharmaceutical firms both face severe challenges in dealing with these and other developments. None of these challenges will be greater than the need to improve consumer confidence in industrialized countries and better access to essential drugs in the developing world.
Attention is given to the growing links between the multinationals and the many small and medium sized firms which operate along side them. The discussion takes into account conditions in both industrialised and developing countries and highlights important inter-relationships between R&D, production and marketing. The analysis is based on detailed information obtained by UNIDO statisticians on production, trade, investment, cost structure and other important features. To serve the study a database was constructed from the responses of national statistical offices in more than one hundred countries. The result is a body of empirical evidence which permits a much more comprehensive and detailed account of the industry than is usually available to readers.
The book will be of great interest to government officials and representatives of special interest groups concerned with health care, public policy and policy related issues. It will be essential reading for corporate executives and managers in pharmaceutical companies. In addition, it will be an important reference tool for university economists and researchers with an interest in industrial economics.
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What Reviewers Are Saying
`This is essential reading for the industry and a benchmark reference tool for industrial economists. . .' -- Judy Slinn, Business History `This timely book offers a comprehensive study of the pharmaceutical industry. The book may be strongly recommended as case study reading in courses on both international business and industrial organization, as well as for specialists in the field.' -- Bernard Michael Gilroy, The Economic Journal `. . . a comprehensive study of pharmaceuticals, focusing on the industry's restructuring process, specialization, and growing internationalization.' -- Pharmaceutical Executive `In its entirety, the book serves a necessary, useful, and interesting function in the literature of pharmacy by presenting - in one volume - a summary of the development of the pharmaceutical industry from the end of World War II up to the present.' -- Patrick Tharp, Journal of Pharmaceutical Marketing & Management `This book offers a remarkably readable briefing on non-medical aspects; many informative tables and boxes supplement the text.' -- Andrew Herxheimer, The Lancet `The World's Pharmaceutical Industries provides a wide-ranging survey of this important sector. Its particular strength lies in the data on the small and medium-sized markets which are so often overshadowed by the major players in similar surveys.' -- Ms E. Healing, Editor, Oxford Analytica Healthcare Brief `An excellent overview on the pharmaceutical industry which covers topics like production, consumption, R&D, competition and strategy on a global scale. In addition to being a lucid overview, all data presented add to a better understanding of how the pharmaceutical industry operates in the developed and especially the developing world. It is a "must" for anyone in Industry, Government and University interested in a global view on the pharma-industry.' -- Dr F.W.H.M. Merkus, University of Leiden, The Netherlands