Generic Drug Market Grows 24% In 2009

Brazil's generic drug market grew by 24% in real terms during 2009, according to primary research firm IMS Health marking yet another year of rapid market share gains for the industry. The result was within 1.4% of BMI projections, which stood at 22.6%. In our view a similar market dynamic will prevail going forward. From 2009-2014 BMI forecasts that generic drug sales will increase at a compound annual growth rate (CAGR) of 19.4% in local currency, or 24.1% in US dollar terms, highlighting the attractiveness of the

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