Get it while you can, big drug companies! Pharmaceutical giants like Pfizer Inc, AstraZeneca and Bristol Meyers Squibb are feeling a little panicky as the deadlines loom on patents for some of their best-selling drugs, so what do they do? Up the prices now, before those pesky generic versions arrive to drive consumer costs down.
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2 comments:
Good ole capitalist in action , I'd do the same if it's legal.
What do I do? Invest in TEVA. Largest manufacturer of generics in the world. Over the past 2 decades has grown at an annualized 20% clip. They can easily grow their marketcap by 50%+ in the next 5 years as over 100 billion(in annual sales) of "branded" rx drugs go off patent protection.
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