/ratings/en/research/articles/200218-outlook-2020-pharmaceuticals-negative-on-m-a-opioid-litigation-11338663 Source: S&P Global Ratings. Greater difficulty increasing revenue from a reduced ability to raise prices. The volume impact of PBM formulary exclusions is often tempered because products are typically still available to patients, but require prior authorization or patients are expected to try other treatments first. For more details on the drivers of historical rating actions in the sector, see our report, "Lessons Learned: What Leads To Rating Changes For Investment-Grade Pharmaceutical Companies," published Jan. 22, 2019. Related Fitch Ratings Content: Fitch Ratings 2021 Outlook: Global Pharma and Biotech Fitch Ratings-London-02 December 2020: Fitch Ratings' sector outlook for the global pharmaceutical (pharma) and biotech industry in 2021 remains stable, supported by the industry's non-cyclical nature and favourable demand characteristics, as expressed in structural volume growth. management by January 2020.5 One of the challenges facing drug manufacturers is to build closer relationships with patients. Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc. It features: Sales rankings; Penetrating analysis of the story behind the numbers; Easy-to-digest, data-rich infographics; Exclusive interviews with industry leaders and influencers; Review of 2019 pharma … from 8 AM - 9 PM ET, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, "Future-proof Pharma Labels - Global Market Outlook (2019-2027)", https://www.researchandmarkets.com/r/rezr15. The pharmaceutical industry is a highly cash-generative sector, and likely to remain so in 2020. Mylan's estimated capacity is proforma for announced transaction. We noticed you've identified yourself as a student. We believe over time, regardless of regulation, the industry's profit margins will contract moderately because of more difficulty negotiating annual price increases. Data as of Feb. 12, 2020. 1.2 The global chemicals industry in 2020 1.3 Pharmaceutical Contract Packaging Industry Outlook, Reference case, 2020 - 2030 1.4 Abbreviations 2. To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw or suspend such acknowledgment at any time and in its sole discretion. In addition, most of the low-hanging price reductions have already occurred from the FDA working off its backlog of generic drug applications. Continuous investments made by the pharmaceutical and outsourcing firms to expand their manufacturing facilities have positively impacted market growth. This has boosted RFID's adoption in combination with the electronic product code (EPC) in the pharmaceutical industry. Dublin, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The "Global Pharmaceutical Filtration Market 2021-2028" report has been added to ResearchAndMarkets.com's offering. DUBLIN, Jan. 7, 2021 /PRNewswire/ -- The "Future-proof Pharma Labels - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering. To prepare for the future, and remain relevant in the constantly changing business environment, biopharma and medtech companies … We do not expect legislation or regulation to influence ratings in 2020, but drug pricing will be in the headlines because of the U.S. presidential election. S&P does not act as a fiduciary or an investment advisor except where registered as such. Divestiture announcements in 2018-2019 include: The trend of more-frequent partnership arrangements for product development is a way to share development costs and reduce or spread out product specific risks. There are already signs on the horizon of several mega-mergers amongst the major industry players, with analysts speculating that Pfizer will acquire Bristol-Myers Squib, and that Merck is looking to purchase Eli Lilly (with both deals being completed at estimated 30 percent premiums). This follows a few quarters of sequential stabilization of generic operating results in the U.S. Generic manufacturers have cut costs and rationalized portfolios, and are now refocused on developing and launching new products, especially complex dosage forms and biologics. Global Pharmaceutical Equipment Market 2020- Outlook, Growth by Industry Leading Players, Driver, Trends & Future Forecasts by 2026 Post author By alex Post date December 2, 2020 The report provides an insight into the market dynamics and various trends and opportunities associated with the global … Any Passwords/user IDs issued by S&P to users are single user-dedicated and may ONLY be used by the individual to whom they have been assigned. This report does not constitute a rating action. It is not clear which companies will be included in future trials, but the following rated companies were named as defendants in complaints consolidated into the opioid multidistrict litigation: Endo International PLC, Mallinckrodt PLC, Allergan PLC, Mylan N.V., and Amneal Pharmaceuticals LLC. PBMs also could negotiate more aggressively because of sector consolidation and vertical integration with insurance companies that provides additional scale and knowledge of the pharmaceutical industry. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. Negative outlook: We expect downgrades to exceed upgrades. Several smaller companies (including Mallinckrodt, Endo, and Amneal) have substantial exposure to opioid litigation, and are generally less equipped to bear the burden of a large legal liability. No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor’s Financial Services LLC or its affiliates (collectively, S&P). Moreover, we do not think companies such as Gilead Sciences Inc. (which has an above-average ability to pursue M&A) are likely to combine with a large pharma company because of the advantages of a more nimble, biotech-like company culture and the desire for pipeline assets (as opposed to the benefits of immediate scale and revenue diversification). Increased uptake of biosimilars in the U.S.: We expect growth in biosimilars, especially in more episodic conditions, but the ratings implication is neutral. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. It also provides leaders with key questions and actions to consider in the year ahead. We think the foundation set by the proposed global settlement framework, agreed upon by four state attorneys general, McKesson Corp., Cardinal Health Inc., AmerisourceBergen Corp., Johnson & Johnson, and Teva Pharmaceutical Industries Ltd. will aid nationwide negotiations in 2020. S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. Notably, Endo already agreed to settlements in two counties in Ohio and Oklahoma for relatively small amounts, but Mallinckrodt agreed to larger settlements and has much less balance sheet flexibility. ), CCL Industries Inc., and Avery Dennison Corporation.What the report offers: Key Topics Covered: 1 Executive Summary2 Preface2.1 Abstract2.2 Stake Holders2.3 Research Scope2.4 Research Methodology2.5 Research Sources3 Market Trend Analysis3.1 Introduction3.2 Drivers3.3 Restraints3.4 Opportunities3.5 Threats3.6 Technology Analysis3.7 Emerging Markets3.8 Impact of COVID-194 Porters Five Forces Analysis4.1 Bargaining Power of Suppliers4.2 Bargaining Power of Buyers4.3 Threat of Substitutes4.4 Threat of New Entrants4.5 Competitive Rivalry5 Global Future-proof Pharma Labels Market, By Technology5.1 Introduction5.2 Sensing Labels5.3 Near-Field-Communication (NFC)5.4 Radio-Frequency Identification (RFID)6 Global Future-proof Pharma Labels Market, By Geography6.1 Introduction6.2 North America6.2.1 US6.2.2 Canada6.2.3 Mexico6.3 Europe6.3.1 Germany6.3.2 UK6.3.3 Italy6.3.4 France6.3.5 Spain6.3.6 Rest of Europe6.4 Asia-Pacific6.4.1 Japan6.4.2 China6.4.3 India6.4.4 Australia6.4.5 New Zealand6.4.6 South Korea6.4.7 Rest of Asia-Pacific6.5 South America6.5.1 Argentina6.5.2 Brazil6.5.3 Chile6.5.4 Rest of South America6.6 Middle East & Africa6.6.1 Saudi Arabia6.6.2 UAE6.6.3 Qatar6.6.4 South Africa6.6.5 Rest of Middle East & Africa7 Key Developments7.1 Agreements, Partnerships, Collaborations and Joint Ventures7.2 Acquisitions & Mergers7.3 New Product Launches7.4 Expansions7.5 Other Key Strategies8 Company Profiling8.1 UPM Raflatac, Inc.8.2 Loftware, Inc.8.3 Schreiner Group8.4 Covectra, Inc.8.5 NiceLabel (Euro Plus d.o.o. The contemporary development prediction report titled Global Vitamin B12 (Cobalamin) Market 2020 by Manufacturers, Type and Application, Forecast to 2025 provides an all-inclusive research study that covers current facts and statistics about the production and application in the Vitamin B12 (Cobalamin) market. Following a volatile year in 2018, there were additional examples of missed revenue in 2019, including Amneal and Sandoz Corp., but we believe these cases are more idiosyncratic and related to competition to large generic products. We continue to view the industry as having many strengths, including relatively high profitability (even after accounting for the high costs of research and development), strong barriers to competition, relative insensitivity to the business cycle, and the essential life-saving and life-enhancing nature of products, all of which support high ratings, particularly in large diversified companies. indicates that the current pharmaceutical industry business model is both economically unsustainable and operationally incapable of acting quickly enough to produce the types of innovative treatments demanded by global markets. Research and Markets Laura Wood, Senior Manager [email protected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716, Cision Distribution 888-776-0942 In the traditional space of biologics we will continue to see the democratization of monoclonal antibodies (mAbs). Strategic recommendations in key business segments based on the market estimations, Competitive landscaping mapping the key common trends Company Profiling with detailed strategies, financials, and recent developments, Supply chain trends mapping the latest technological advancements. content Three to four years ago, 80 percent of the mAbs were concentrated on 10 molecules — they were the who’s who of mAbs. We apologize for any inconvenience this may cause. To $ 1.9 billion we are unable to offer free trials or demonstrations. 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