British Pharmacopoeia 2010 Free Download 11 |BEST|

British Pharmacopoeia 2010 Free Download 11

The consolidation of the industry in the early 2000s then led to competition for market share being replaced by price competition, with price being the key force behind industry consolidation. Once the market had been de-risked with 11 or so major players, mergers continued, some in intra-industry collaboration like Schering, some with blended acquisition, pharmaceuticals like AstraZeneca becoming the largest company without having created the market.

In 2003, however, the industry was faced with a number of very large Buyout deals (including the acquisition and merger of SmithKline Beecham, Glaxo Wellcome, American Home Products, Warner Lambert, Centocor, Efamol, Schering, Ortho-McNeil, and, finally, Pfizer as part of the acquisition of Warner Lambert). These were driven by the threat from the biotechnology sector and their ability to develop new medicines with some being innovative and others not. The result was that seven major pharmaceutical companies owned healthcare enterprises with a market capitalisation of some US $5 Trillion USD.

The British Pharmacopoeia was part of the cash-for-shares deal, so the newly created companies had infusions of cash that were used to make acquisitions, to cover acquisition costs and for working capital. The industry became more like the old mass produced consumer goods, producing a wide range of medicines that offered one size fits all to blanket the market more efficiently. An example was the launch of a new “sterile non-drip” clinical trial kit for inserting epidural catheters that offered exactly what the doctor wanted in exactly the right way using exactly the right equipment. The technology was based on the existing but no longer up to date BP manufactured catheters that were tested for safety and efficacy in the 1960s.

The British Pharmacopoeia is conservative and the first person to go into a narrative to explain why some things are done in the way they are will be James Pound.”Despite lack of a regulatory framework, the BP manifesto is a 100 year old document designed to protect the responsible conduct of the pharmaceutical profession and to promote the highest standards of clinical practice in medicine.

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