You may have heard it in school, you may have said it in school. If you didn't hear it or say it there, I'm sure you've heard it said in a movie, "Meet me behind the school at 3:00. You're going down!" According to an article on FT.com, Big Pharma may be hearing that very phrase themselves, "YOU'RE GOING DOWN!"
The article on Ft.com says that the pharmaceutical industry will have NEGATIVE growth in 2011. This will be the FIRST TIME IN HISTORY. Can I get an amen?! For companies like AstraZeneca and GlaxoSmithKline, this is the worst crisis that they have faced in DECADES (according to the article). I know you can hear my tears falling, right?
Richard Girling, global co-head of health care at Merrill Lynch, says: “The problem is not so much the size of companies but the concentration and reliance on single products. This has been exacerbated by a lack of innovation over the years.”
The reason for this huge decline is because many of the patents they have on their main drugs are going to be ending soon. Once the patents end, generic drugs can put out their cheaper version of the same pills (great).
While negative growth in pharmaceutical companies is wonderful news, we don't need to start celebrating just yet. Why, you may ask? Well, I think Dr. Mercola says it best:
In an attempt to save their falling dynasty, drugmakers are likely to:
- Pursue aggressive ad campaigns to doctors and patients
- Increase drug prices
- Attempt to extend patents on existing medications
BE ON YOUR GUARD. DON'T FALL FOR THE DRUG COMMERCIALS.
RESEARCH, RESEARCH, RESEARCH. Use medication as a last resort and not as a means of living. We need to take responsibility for our lives and our health and start taking care of the temples (our bodies) that God has entrusted to us. Only then will we see true health.
To read the full article about the decline in the pharmaceutical industry, click on the title below:
The Beginning of the End for Big Drugmakers?
