Cinfa now leads Spanish generics market
Cinfa, the Spanish generics group, has gained market leadership with a 23.3% share of the domestic sector, according to IMS Health. Sales last year topped 143.0 million euros ($211.4 million) and this is expected to increase to 163.0 million euros during 2008. Spending on R&D is also set to rise, by around 12.0 million euros. Director general Javier del Rio said that to fall below this level would be a mistake. A total of 72 projects the firm describes as innovations are on the horizon and 50 relate to new products.
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