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Global Top Three Trade Places As Going Gets Tough, Especially In The US

 
• By Aidan Fry

Mylan has moved up to become the world’s leading generics, biosimilars and OTC player, according to Generics Bulletin’s newly compiled global rankings. Sandoz has surpassed troubled Teva into second spot, but is set to surrender that position once it sells its US solid-dose and dermatology business to India’s Aurobindo, which has already moved into the global top 10.

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The three leading generics, biosimilars and OTC players globally traded places last year as they focused more on boosting their bottom lines than striving for sales growth • Source: Shutterstock

At the end of July, Mylan’s management team is set hold an investors’ day at which it intends to spell out its plans to take the company forwards after a couple of fallow years financially. Difficulties in its home market, not least around manufacturing issues, led the US-headquartered company to report a 4% slip in group turnover last year.

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More from Business

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