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Article: Challenges persist for embattled drug makers
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- January 2, 2009
- Author:
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LINDA A. JOHNSON, THE ASSOCIATED PRESS
The Record (Bergen County, NJ)
01-02-2009
Challenges persist for embattled drug makers
By LINDA A. JOHNSON, THE ASSOCIATED PRESS
Date: 01-02-2009, Friday
Section: BUSINESS
Edtion: All Editions
Stricter regulation, a dearth of new blockbuster drugs, increased pressure to lower prices and more intense generic competition hammered the pharmaceutical industry in 2008, but its stocks still weathered the market collapse better than many other sectors.
The industry's ills predate the financial crisis but are being exacerbated as the recession pushes poor patients to delay refills, trade down to generics and split pills. With challenges likely to drag on, drug ...