The Decline of German Pharma Companies

The country that brought the world Aspirin hasn't been the "world's pharmacy" for quite some time. By resisting change and new investments, German pharma companies have been slipping down world rankings steadily. Once Germany's pride and joy, drug companies like Hoechst and Schering have gone from world beaters to also-rans in recent years. Experts say that while the rest of the industry adjusting to changing demands and markets through fusions and acquisitions, German firms have looked on.

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