Pharma Hiring Still Slow

KPMG have surveyed over 100 pharmaceutical executives and have discovered they are expecting difficult time ahead, reports fiercepharma.com.

Over 80% of pharmaceutical officials expect their companies to be bought or to buy in the next few years, as companies look to expand into the emerging market and also look to combat revenue losses caused by increased generic competition.

30% have predicted that economic recovery will be complete by the end of 2012, though a much less optimistic 27% add another two years to that forecast. Companies have money to invest and buy new medicines, though it seems that growth is not as possible from within.

Hiring is not looking greatly positive either; with only 40% of pharmaceutical executives expecting to hire new staff in 2012.

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Posted in: Industry News, News
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