Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | The Outlook for Pharmaceuticals in Latin America added to Piribo.comBrazil and Mexico continue to attract the interest of foreign producers
By: Piribo http://www.piribo.com/ Private pharmacy sales have slowed down. Innovative drug prices continue to rise, but governments have started to control them, either directly or indirectly. Contrary to what has happened in developed markets, generics consumption in Latin America is low, with the exception of Brazil. Local protectionism, very low prices and high production capabilities have helped Brazil to develop a sizeable bioequivalent generics market which, until recently, proved tough for foreign generics producers. In Mexico, Calderon’s government continues the renewal process for drug registrations. It is expected that there will only be patented and bioequivalent generics by February 2010. Therefore, generic sales in Mexico are expected to double in the short-term. The region is also facing a growing incidence of drug counterfeiting, but initiatives are in place to control it. In spite of intensifying cost-containment measures, the region needs to increase drug access. Therefore, attractive opportunities for pharmaceutical and biopharmaceutical producers remain in Latin America. Brazil is the largest pharmaceutical market. Economic recovery continues in the country, although pharmacy sales are growing moderately. Mexico is the second leading market. Recent regulatory developments will create further opportunities, particularly for generic producers. Local producers are strengthening their manufacturing capabilities in order to maximise their export markets, especially in other neighbouring Latin American countries. Combined domestic production represents about half of the regional market. Nevertheless, companies need to act in smaller Latin American markets to maximise their full sales potential in the region. Piribo product ID: ESP00345 Latin America Pharmaceutical Reports http://www.piribo.com/ # # # About Piribo. Piribo (http:www.piribo.com) End
Account Email Address Account Phone Number Disclaimer Report Abuse
|