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The company’s US revenues are projected to move closer to $900 million in FY24 and $1 billion in FY25, up from $148 million in FY15
Raw material cost inflation eased and US revenues grew at most large drug firms in the December 2022 quarter
Drug suppliers rethink their investment strategy as continuous price erosion hurts profitability and returns from the US market
PhRMA which represents America's leading innovative biopharmaceutical research companies has said that the "decision will sow confusion between public and private partners, further weaken already strained supply chains and foster the proliferation of counterfeit vaccines.
For an industry demonised by consumers and politicians, the hunt for a vaccine “offers a path to redemption”
The US market is seeing a shift in market dynamics and several factors lead to drug product pricing and there will be further pricing pressure over the next few years, said GSK Global Chief Executive Andrew Witty.