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Europe’s pharmaceutical packaging and labelling market is projected to reach $35.78 billion in 2028, according to a report by Arizton. billion in 2022, the pharmaceutical packaging and labelling market in Europe is expected to expand at a compound annual growth rate (CAGR) of 4.78 percent up to 2028. percent in 2022.
A report published by MarketsandMarkets has estimated that the pharmaceutical excipients market will value $14.9 billion by 2028, growing at a CAGR of 6.8 percent between 2023 to 2028. This is compared to the expected revenue for the market in 2023 reaching $10.7
Thomas Schinecker, chief executive of the pharmaceuticalcompany, said its first obesity drugs would come to market “significantly faster than people are expecting,” potentially by 2028. The treatments, acquired in a $3.1 reduction in weight compared with a placebo after four weeks.
Recruiting and retaining talent is one of the biggest challenges facing the industry now through 2028, as the US Bureau of Labor Statistics expects life, physical, and social sciences to grow 7%. Paired with the current US pharmaceutical job vacancy rate of around 8%, companies will need to pivot to fill the incredible labour needs.
Sustainability in pharmaceutical manufacturing AstraZeneca – biomethane supply AstraZeneca will establish the first industrial-scale supply of biomethane” In mid-September, a 15-year partnership between AstraZeneca and Future Biogas was agreed. Subject to planning permission, the site is expected to be opened by 2028.
Although a generic was approved in 2019, generic apixaban will not be available on the market until at least April 2028. The FDA approved two applications for generic versions of Eliquis by the companies Micro Labs Limited and Mylan Pharmaceuticals, Inc. Food and Drug Administration (FDA) in 2012 as a brand-name drug.
billion investment, the company aims to significantly enhance its production capacity, addressing the surging demand for its medicines and potential innovations emerging from its pipeline of drugs for metabolic disorders. With this additional EUR 2.1
Not so China, and especially not so the lead five European countries – on average European pharmaceuticalcompanies saw a loss of 30% of the interactive time they previously had with healthcare professionals in 2020. Up to November, the US and Japan actually saw increases in interactive time in 2020. Pharma pivots East.
Starting next year, Medicare will negotiate directly with pharmaceuticalcompanies to set the maximum fair price (MFP) for certain prescription drugs, with the application of the negotiated prices starting in 2026 for 10 negotiation-eligible drugs from Part D. ” Sen. John Barrasso (R-Wyo.) Impact on 340B?
patent expires in 2028. Although more pharmaceuticalcompanies are tailoring their business models to focus on low-income countries, overall industry efforts remain limited and patient access continues to suffer as a result , STAT writes, citing a new analysis.
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For instance, patent expiries are set to wipe out $300 billion in revenues by 2028. 5 EYs report highlighted the largest life sciences AI M&A deal to date was Recursion Pharmaceuticals acquisition of Exscientia, agreed in August 2024 for $712 million. 3 More broadly, revenue challenges in pharma still loom. trillion Firepower.
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