Economist Intelligence Unit

Survey: Biopharmaceutical industry needs innovation

Tuesday, July 12, 2011 12:12 PM

A new Economist Intelligence Unit survey sponsored by CRO Quintiles highlights the urgent need for biopharmaceutical industry innovation. The global survey comes as the biopharma sector reaches the patent cliff—this year and next, seven of the world’s 15 top-selling drugs, accounting for nearly $50 billion in sales in 2009, will go off-patent.

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