Pharmaceutical

 

Pharmaceutical CEOs see new product development as the main opportunity for growing their businesses over the next 12 months

Which of these do you see as the main opportunity to grow your business in the next 12 months?


Source: PricewaterhouseCoopers 12th Annual Global CEO Survey

The credit crunch may provide new opportunities for many large pharmaceutical companies, particularly those with low debt ratios and strong cash positions.


Risks may be opportunities

Pharmaceutical CEOs are more likely to see the spread of infectious diseases and demographic shifts as potential opportunities for growth. Both trends will stimulate demand for medicines, while the rising incidence of chronic diseases like obesity and diabetes will provide new ways of generating revenues by moving into health management.

In-depth CEO story


Fred HassanFred Hassan
Chairman and CEO, Schering-Plough Corporation, US

Regulatory evolution

Most pharmaceutical companies already collaborate with governmental and non-governmental organisations to a greater extent than companies in other sectors. Pharmaceutical CEOs report that such external stakeholders have a stronger influence than they did three years ago.


The long-term picture

Many pharmaceutical CEOs are cautiously optimistic about the long term. Eighty-one percent believe that the world's economic axis is shifting, and that a new set of countries will emerge to challenge the economic, political, and cultural power of the G8.

Recruiting and retaining skilled scientists is key

The pharmaceutical industry is heavily dependent on innovation, so recruiting and retaining skilled scientists will always be a key priority.

Rebuilding its reputation

Healthcare professionals and patients will not trust the pharmaceutical industry to provide services unless they are sure that it has their best interests at heart.

Contacts

Simon Friend
Pharmaceuticals and life sciences leader
Tel: +44 (20) 7213 4875

Attila Karacsony
Pharmaceuticals and life sciences marketing
Tel: +1 (973) 236-5640

Global CEO Survey
Pharmaceutical

12th Annual Global CEO Survey: Pharma industry summary
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© 2009 PricewaterhouseCoopers. All rights reserved. PricewaterhouseCoopers refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
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