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Read “The Truth About Drug Companies” by Marcia Angell , MD former editor of the New England Journal of Medicince

 

Companies are all pursuing the same basic strategy: Cut costs, try to license new drugs from smaller companies, market the heck out of everything already approved, push their off-patent drugs in emerging markets and then repeat. But drugmakers have already cut staffing close to the bone, China and other emerging markets can’t pay anything near U.S. drug prices, and there’s a dwindling number of experimental compounds available, with more companies fighting for them.

Pharma Warns of Rough 2012.

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