Image courtesy of FilmClub.org
More news this week about the Incredible Shrinking U.S. Pharmaceutical Industry. Yesterday, BioPharma Dive ran a story titled “3 Major Trends Driving Layoffs in Biotech and Pharma.”
Jobs in the U.S. pharmaceutical industry have been eliminated at an alarming rate. Consider the most recent numbers. Between 2009 and 2013–a five year period–at least 156,000 American jobs were eliminated from pharmaceutical companies. One thing we’ve definitely learned over more than two decades working in the healthcare and pharmaceutical industries: just because something is good for shareholder return does not mean that it is healthy for the industry overall.