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Pharmaceuticals

In: The Changing Industrial Map of Europe

Author

Listed:
  • Aubrey Silberston

    (Imperial College of Science, Technology and Medicine)

  • Christopher P. Raymond

    (Imperial College of Science, Technology and Medicine)

Abstract

The pharmaceutical industry worldwide is dominated by large firms, many of them with operations in several countries, and many also with a sizeable export trade. In addition there is a large number of smaller firms, often based in one country only, and exporting comparatively little. The division between large and small firms is not the same as that between innovating firms and companies which copy the drugs of other firms. The largest, however, are all innovators, producing brand-name patented drugs. The output of the smallers firms is, by contrast, often of ‘generic’ drugs which are out of patent, and often have no brand name. Several of the large companies have generic subsidiaries.

Suggested Citation

  • Aubrey Silberston & Christopher P. Raymond, 1996. "Pharmaceuticals," Palgrave Macmillan Books, in: The Changing Industrial Map of Europe, chapter 3, pages 43-64, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24357-0_3
    DOI: 10.1007/978-1-349-24357-0_3
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