- Generics companies that are focused on traditional primary-care products will certainly have to scour their operations for ways to boost efficiency. But squeezing costs isn’t the only path to success. Companies in other industries have found additional creative ways to deal with commoditization. Generics companies can take a page or two from those playbooks, including deciding whether to tap into the next growth wave—specialty drugs and biologics—by investing in new capabilities.
- Companies that originate patent-protected products will continue to aggressively defend their turf against inroads made by generics, but they’ll also have many more opportunities to target the off-patent products of their rivals—particularly specialty drugs and biosimilars, which have higher barriers to entry than standard generics.