Drugs Sales Rise Thanks to Cancer and Depression Drugs
Monday, April 5th, 2010Last year, sales of prescription drugs in the US jumped 5.1% from last year largely due to an increased demand for cancer and depression drugs.
Eli Lilly saw higher sales for antidepressant medication Cymbalta and tumor fighting drugs like Roche Holding AG’s Avastin helped to raise the pharmaceutical industries revenue to $300.3 billion.
“In 2009, demand for pharmaceuticals proved stronger than in the prior two years, yet remained at historically low levels,” Murray Aitken, a senior vice president at IMS, said in the statement. “The greater availability of generic options, growing differentials in co-pays between brands and generics, and efforts by patients, insurers and employers to encourage appropriate use of lower-cost alternatives were all factors.”
Antipsychotics like Zyprexa and Abilify continue to be the top selling class of medications, selling $14.6 billion.
According to Business Week, “generic products now make up 75 percent of all prescriptions dispensed in the U.S., up from 57 percent in 2004, IMS said. Last year, the number of generic prescriptions dispensed rose 5.9 percent, while branded drugs fell 7.6 percent.”
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