Healthy Skepticism Library item: 11906

Warning: This library includes all items relevant to health product marketing that we are aware of regardless of quality. Often we do not agree with all or part of the contents.

Publication type: news

Pfizer Chairman: Asia Offers Great Opportunities For Multinationals
Nikkei English News 2007 Oct 29
http://www.therapeuticsdaily.com/news/article.cfm?contentValue=1577970&contentType=sentryarticle&channelID=33

Full text:

TOKYO (Nikkei)—Multinational companies cannot ignore Asia due to the size of the region’s population and the speed of its economic growth, Pfizer Inc. Chairman Jeffrey Kindler said at an international business conference in Tokyo on Monday.

“No global company can afford not to invest in Asia. The opportunities are too great,” he said at the ninth Nikkei Global Management Forum. “By 2050, drug sales in Asia will be larger than in any other region of the world,” he added.

Speaking about the development of new drugs, Kindler said Pfizer will try to “add the ability to move as fast as the newest entrepreneurial start-up.”

He also stressed the importance of promoting the protection of patents and other types of intellectual property, saying the development of pharmaceutical and other research-oriented companies can become the engine of economic growth.