Sandoz, the generics unit of Swiss drug major Novartis (NVN: VX), will retain its position as the global leader in the biosimilar drugs market in 2012. In that year, its three follow-on biologics will achieve $308 million in revenue, according to a new report from Visiongain.
Combined revenue for the top three companies in that market will expand with a compound annual growth rate (CAGR) of close to 25% between 2011 and 2016, notes the report, titled Pharma Leader Series: Top 25 Biosimilar Drug Manufacturers 2012-2022. ,
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