Generics are becoming an increasingly lucrative market with good prospects for the future. However, a report by US market data provider BCC Research shows that this is also a bit of an exclusive club. The top four global generics manufacturers in 2009 – Teva, Sandoz, Mylan and Watson – accounted for 40% of the world market.
Teva increases its global position with acquisition of Ratiopharm
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Posted 10/09/2010
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Teva, with an 18% market share in 2009, is reinforcing its global number one position with the recent acquisition of the 5th largest generic manufacturer, Ratiopharm. This move has increased both its global position and has propelled it to the number one position in Europe.
Teva's President and CEO, Mr Shlomo Yanai, commented that “increasing Teva's market share in Europe – a geography with tremendous potential for generics penetration – is an important pillar of our long-term growth strategy. With the acquisition of Ratiopharm we will become the leader in key European markets and we are well-positioned to become the leader in many other European markets in the near future".
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Teva with ratiopharm market leader in European generics
References
BCC Research. Generic Drugs: The Global Market. Report Code: PHM009E, Published: July 2009
Teva Press Release. Teva Completes Acquisition of ratiopharm. 10 August 2010
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