BMS Clarifies Strategy But More Commitment Needed

BMI Core View: Emerging markets will drive industry growth. The importance of emerging markets to large multinational drugmakers cannot be overstated and BMI 's Pharmaceutical Expenditure Model shows that five-year compound annual growth rates (CAGRs) in traditional markets, such as the US, Western Europe and Japan, are all in the low single figures. Meanwhile, the US dollar five-year CAGRs for the main emerging markets - Brazil, Russia, India and China - are expected to post double-digit increases.

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