Josh Bloom, Forbes August 9, 2012, "The Contraction Of Pharma Means Innovation Goes Out With a Bang"
Given all the analyses and post-mortems of America s pharmaceutical industry, it is impossible to avoid the notion that a lack of innovation has left the industry in its current, sorry state.
Whether this is true or simply a platitude remains to be seen; yet, the decimation of the industry caused by a decade of massive job cuts virtually guarantees that however little innovation we had in the past, there will certainly be less of it now.
Perhaps the best recent illustration of pharmaceutical innovation and its subsequent impact on human health is the story of how drug companies tackled hepatitis C, a serious viral infection of the liver that is a global epidemic. Hepatitis C has only recently been receiving substantial media coverage, but it is, in fact, a very big problem...[Read more].