Smaller Firms Giving Headaches to Big Pharmaceuticals

Summary


One company's pain is another's gain.

Big pharmaceutical companies are feeling pain in 2005. Major drugs are going off patent, generic drug companies are nipping at their heels, product cycles are much shorter and new drug pipelines aren't what they once were.

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Extract


Smaller Firms Giving Headaches to Big Pharmaceuticals

That's a gain for biotech firms, specialty drug companies and generic manufacturers, as well as investors owning their stock. These smaller firms can produce profitable products in their own right.

More importantly, however, big pharma may try to acquire them, as in Pfizer Inc.'s...

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