The global pharmaceutical market is expected to grow from US$300 billion to US$400 billion over the next three years, according to the World Health Organization.1 While U.S. based companies play a major role in this industry, 85 percent of the market share is held by competitors in North and South America, Europe and Japan. Four out of the 10 most profitable pharmaceutical companies are headquartered in Europe, while six of the top companies are based in the United States.
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