Competition law and pharmaceutical industry

  • How to maintain competitive advantage in the pharmaceutical industry?

    For a firm in the pharmaceutical industry, some key sources for competitive advantage include innovation, cost advantage and brand equity.
    Innovation is an important factor to a pharmaceutical organization that wishes to outperform its rivals..

  • Is pharmaceutical industry an oligopoly or monopolistic competition?

    Answer and Explanation: The market structure of the pharmaceutical industry is oligopoly.
    The pharmaceutical industry is made up of a group of powerful companies..

  • What are the five forces of competition affect the pharmaceutical industry?

    The analysis looks at five competitive forces that influence an industry: threat of new entrants, power of suppliers, power of buyers, availability of substitutes, and competitive rivalry in the industry..

  • What are the five forces of competition in the pharmaceutical industry?

    The analysis looks at five competitive forces that influence an industry: threat of new entrants, power of suppliers, power of buyers, availability of substitutes, and competitive rivalry in the industry..

  • What are the key competitive forces in the pharmaceutical industry?

    The analysis looks at five competitive forces that influence an industry: threat of new entrants, power of suppliers, power of buyers, availability of substitutes, and competitive rivalry in the industry..

  • What is competitive advantage in pharmaceuticals?

    For a firm in the pharmaceutical industry, some key sources for competitive advantage include innovation, cost advantage and brand equity.
    Innovation is an important factor to a pharmaceutical organization that wishes to outperform its rivals..

  • Which country is leading in pharmaceutical industry?

    Pharma industry by country
    Many of the leading pharma companies come from the United States, and, therefore, it is no surprise that the country has the largest national pharmaceutical market worldwide..

  • Why is pharmaceutical competitor analysis important?

    Competition analysis is an important aspect of pharmaceutical marketing management.
    It involves the evaluation of the strengths and weaknesses of competing drug products in order to gain insights into market trends and to inform product strategy and decision making..

  • For a firm in the pharmaceutical industry, some key sources for competitive advantage include innovation, cost advantage and brand equity.
    Innovation is an important factor to a pharmaceutical organization that wishes to outperform its rivals.
  • Johnson & Johnson (JNJ)Novo Nordisk A/S (NVO)Eli Lilly and Co. (LLY)AbbVie Inc. ( ABBV)Merck & Co.
    Inc. ( MRK)Roche Holding AG (RHHBY)
  • The Food and Drug Administration (FDA) regulates the quality of pharmaceuticals very carefully.
  • The pharmaceutical market is concentrated in the US and Europe, and the 10 biggest drug companies are located in those regions.
    Check out this pharmaceutical industry overview to learn more about the sector.
    The pharmaceutical industry has a global presence, but the world's biggest markets are the US and Europe.
Feb 9, 2023 pharmaceutical companies manage their patent prosecution and behaviour vis-à-vis competitors. The EC has embarked on a review of its 
Feb 9, 2023In this update, our competition law experts consider a number of recent competition law developments in the pharma sector in the EU, France, 
In the pharmaceutical industry, competition policy benefits consumers in the form of increased accessibility to medicines at affordable prices, both in the public sector and on the commercial market. Competition enforcement benefits consumers by detecting, halting, and correcting anticompetitive practices.

How is the pharmaceutical market regulated?

As a result, the pharmaceutical market is heavily regulated and closely monitored by the European and national authorities.
This supervision concerns not only standard regulatory issues like marketing, clinical trials and the promotion of medicinal products, but also competition law.

What is happening in the pharmaceutical sector in 2022?

As anticipated in our update last year, we have continued to see a number of important developments relevant to the pharmaceutical sector during the course of 2022.
The European Commission (EC) continues to target the sector as one of its enforcement priorities, especially when it comes to protecting innovation.

What is the European Commission's report on competition enforcement in the pharmaceutical sector?

As described in this guide, in 2019 the European Commission (“the Commission”) published a Report on Competition Enforcement in the Pharmaceutical Sector (2009-2017) (the “Report”), in which it described current enforcement of competition law, as well as the most common infringements on the pharmaceutical market.

What is the role of competition in the pharmaceutical market?

According to the Report, the Commission and national competition authorities (the “NCAs”) pay close attention to the pharmaceutical market in terms of competition law.
The main aim in this context is to ensure increased competition and strive for innovation, product accessibility and fair prices.

Competition law and pharmaceutical industry
Competition law and pharmaceutical industry
The Association of the British Pharmaceutical Industry (ABPI) is the trade association for over 120 companies in the UK producing prescription medicines for humans, founded in 1891.
It is the British equivalent of America's PhRMA; however, the member companies research, develop, manufacture and supply medicines prescribed for the National Health Service.

Observation about the discovery of new drugs


Eroom's law is the observation that drug discovery is becoming slower and more expensive over time, despite improvements in technology, a trend first observed in the 1980s.
The inflation-adjusted cost of developing a new drug roughly doubles every nine years.
In order to highlight the contrast with the exponential advancements of other forms of technology over time, the name given to the observation is Moore's law spelled backwards.
The term was coined by Dr Jack Scannell and colleagues in 2012 in Nature Reviews Drug Discovery.

Overview of the pharmaceutical industry in Canada

The pharmaceutical industry in Canada employs approximately 30,000 people.
It supplies about one third of the domestic pharmaceutical consumer market of $27 billion annually.
This accounts for ~16% of yearly health expenditures.
Canada had a pharmaceutical trade deficit of $8.5 billion in 2018 with exports of $11 billion and imports of $19.5 billion.
The majority of large pharmaceutical companies are headquartered in Montreal, Quebec.
Both Toronto and Montreal have healthy pharmaceutical industries.

Overview of the pharmaceutical industry in the United Kingdom


The pharmaceutical industry in the United Kingdom directly employs around 73,000 people and in 2007 contributed £8.4 billion to the UK's GDP and invested a total of £3.9 billion in research and development.
In 2007 exports of pharmaceutical products from the UK totalled £14.6 billion, creating a trade surplus in pharmaceutical products of £4.3 billion.

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