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This is compared to the company’s $3.9 (DKK Completion is expected between 2027 and 2029. Currently, worldwide, the pharmaceuticalcompany has a five production sites in Denmark, US, France, Brazil and China, the company noted. billion investment appeared first on European Pharmaceutical Review.
This marks a significant development in a tumultuous dispute between the pharmaceuticalcompany and the US government. In November 2019, the government sued Gilead over the company’s alleged patent infringement of the two PrEP drugs Descovy and Truvada. GlobalData is the parent company of Pharmaceutical Technology.
Pharmaceuticalcompanies dealing with the US will be closely watching the debate surrounding a proposed revision by the Senate which could see the watering down of some requirements, and an increase in others, under its Physician Payments Sunshine Act (S.2029).
billion in 2029, with drug sales almost doubling at a compound annual growth rate (CAGR) of 11.5%. There are multiple drugs in the pipeline, predominantly me-too and biosimilar therapies, with a significant number developed in the emerging markets of India and China by domestic pharmaceuticalcompanies for their own rapidly growing markets.
With the adoption of digital technologies gaining traction in many industries, pharmaceuticalcompanies must take advantage of digitalisation within its research and development (R&D) sector.
in 2029 , with a compound annual growth rate of 27.9%. In 2024 , the top 20 pharmaceuticalcompanies have already announced that they are actively researching uses for AI in R&D. In life sciences, chatbots and virtual assistants can be used by pharmaceuticalcompanies to improve communication with patients.
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. In 2029 and each year after, 20 drugs from Part D or Part B will be added.
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