The World's Pharmaceutical Industries: An International Perspective on Innovation, Competition and Policy. (book reviews)

The publication of this book, in which the authors present a 'global map' of the pharmaceutical industry, is timely, given that the large multinational corporations composing a major part of the international pharmaceutical' industry are, it seems, at the start of a period of extensive restructuring in the industry.

The high profit margins and return on capital employed of the major participants in the industry, well sustained even during recession, are proving increasingly difficult to justify and perhaps to maintain, although the industry argues a continuing need for heavy investment ...

Read the rest of this article with a Free Trial at HighBeam Research.