Global drug sales up 6 pct in year to March-IMS

Drug sales growth has slowed markedly around the world in recent years, hit by generic competition to branded medicines and government curbs on healthcare spending. A few years ago, drugmakers saw double-digit growth as standard. The single largest drug class was cholesterol-lowering medicines, selling $27 billion and showing a growth rate of 10.9 percent. Pfizer Inc.'s Lipitor remained the world's best-selling drug, with sales of $10.8 billion.


Top News Article | Reuters.com

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