Viagra poses dilemma for Europe's tradition of state-funded care

Article Abstract:

Pfizer Inc., a manufacturer of pharmaceutical preparations, expects to generate lower-than-expected sales for its new anti-impotency drug, Viagra, in the European region. The anticipated weak demand for the anti-impotency medication was spurred by the state-controlled structure of the healthcare system in the continent. Government-funded healthcare systems will place the burden of procurement to the citizenry, which is not a viable alternative due to the drug's high cost. Viagra was introduced into the US market in April 1998, and is expected to be distributed throughout Europe by autumn of 1998.

Comment:

Is expected to generate lower-than-expected sales for its new anti-impotency drug, Viagra, in the European region

Europe, Sales & consumption, Fertility Preparations, Pfizer Inc., Fertility agents, Article

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Glaxo unveils manufacturing overhaul

Article Abstract:

Glaxo Wellcome PLC introduced a strategy to overhaul its manufacturing operations worldwide. The strategy is designed to lower the company's yearly operating costs by 7% and to reduce its global payroll by as much as 5.7% over the next four year period. Glaxo said that the overhaul would create 370 million pound sterling (570.5 million euros) in yearly savings. In 2003, Glaxo will begin the first of 3,400 layoffs.

United Kingdom, Financial management, Pharmaceutical Preparations, Management, Pharmaceutical industry, Drugs, Abstract, Glaxo Wellcome PLC

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