In Brief: Global OTC market
This article was originally published in The Tan Sheet
Executive Summary
Global OTC market: Report by SelfMedication International, a unit of IMS/Nielsen, concludes that over 40% of the world OTC market is held by 10 consumer product firms. The top OTC company based on worldwide sales is American Home Products with 7% of OTC sales, followed by Johnson & Johnson, Warner Wellcome, Procter & Gamble, SmithKline Beecham, Bayer, Bristol-Myers Squibb, Ciba, Rhone-Poulenc Rorer and Schering-Plough. Global self-medication accounted for almost an 18% share of total drug sales, according to the report, and 30% of the world OTC market is in the U.S. The two OTC categories that have had the "most positive growth" in the U.S. are dietary supplements and diagnostic tests, up 16% and 13%, respectively...
You may also be interested in...
Supplement GMP Warning Letters Make Modest Debut In 2010
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC
In Brief
Combe sells most of its OTC brands
People In Brief
Perrigo promotes in pricing, planning