YouTube Facebook LinkedIn Google+ Twitter Xingrss  


Bio·IT World identified the 10 largest pharmaceutical companies by market capitalization in early February 2003 (excluding Pharmacia, which is due to be acquired by Pfizer). Then, using FDA data from www.fda.gov/cder/rdmt/, we tabulated each company's "new medical entities" (NMEs) for 1998-2002. NMEs are drugs that, according to FDA criteria, had not been previously approved by the agency. In 1998, for example, Pfizer's new drug was sildenafil citrate, aka Viagra. The chart shows how rare it is for the industry's scientists to come up with medicines that are truly novel, and it hints at why so many pharmaceutical companies feel obliged to merge. Combining with another company is often a quick way to 'find' a new drug.

Bio·IT World identified the 10 largest pharmaceutical companies by market capitalization in early February 2003 (excluding Pharmacia, which is due to be acquired by Pfizer). Then, using FDA data from www.fda.gov/cder/rdmt/, we tabulated each company's  


Back to Technology Overload 





For reprints and/or copyright permission, please contact  Terry Manning, 781.972.1349 , tmanning@healthtech.com.