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Shots: Drug patent expiry is when a patent granted to a pharmaceuticalcompany for a particular drug expires, allowing other companies to produce and sell generic versions Like every other utility patent, pharmaceuticals also get market exclusivity of 20 years.
One thing that highlighted this changed focus was the appointment of Kindler as CEO in 2006. In 2015 the company also paid $17 billion to acquire Hospira , a firm specialising in injectable drugs and biosimilars, at a time when copycat biologics were starting to make real waves in the market.
The world’s biggest pharmaceuticalcompany Pfizer announced in June 2008 that it would be putting its “full scope and scale” behind a push into the cancer market. “Companies used to be universally protected by patents but there is a pathway to approval opening up for biosimilar legislation. .
model is a holistic approach to incorporate the same strategy to life science and pharmaceuticalcompanies. A globally fast-growing, and largest pharmaceuticalcompany in the world was created through a merger between Pfizer and Pharmacia. by the sales of Humira 2006 Johnson & Johnson recorded global sales of $53.3B
The speakers shared their views on the topic: Dr. Jagadeesh Babu Rangisetty- “COVID has taught us so many things and the pharmaceuticalcompany has gone through a lot of challenges and at the same time opportunities. According to me the main issue faced during the pandemic was the supply chain of pharmaceuticals.
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