Over the last several years, the generic drug market has consolidated significantly. One example was Israel-based Teva Pharmaceutical acquiring Allergan’s generic drug business for $40.5 billion in July 2015.
Research by The Balance shows that about 88 percent of all prescriptions in the U.S. are for generic medications. Generics in general generates $224 billion-plus annually. In the U.S., four major distributors control generics.
They are McKesson; CVS Health, through a partnership with Cardinal Health; Walgreens Boots Alliance, through a relationship with AmerisourceBergen; and Wal-Mart.
Here’s a look at the top six generic drug companies to work for.
1. Teva Pharmaceuticals
Teva is headquartered in Petah Tikva, Israel. At its third-quarter earnings report in November 2017, the company reported $5.6 billion in revenue for the quarter, up slightly from $5.56 billion in the same quarter in 2016. Generics accounts for about 54 percent of its business. In August 2016, Teva completed its acquisition of Actavis Generics from Allergan.
On Dec. 27, 2017, the company announced the exclusive launch of a generic version of Bristol-Myers Squibb’s Reyetaz (atazanavir) in the U.S. to treat HIV.
An example of a job with Teva is Chemist in the Quality Control department in Philadelphia, Penn. The position calls for a Bachelor of Science in chemistry or equivalent and two years of experience in a quality laboratory. The candidate will conduct research, analysis, method development and validation on raw materials, APIs and finished products.
2. Sandoz
Sandoz is the generics medicine unit of Basel, Switzerland-based Novartis. In 2016, Novartis brought in $48.5 billion in revenue. Sandoz’s global portfolio is made up of 1,000 compounds, and in 2015 Sandoz reported $10.1 billion in revenue.
On Dec. 8, 2017, Sandoz released data from a trial showing that company’s biosimilar, pegfilgrastim, for Neulasta, matched Neulasta in terms of pharmacokinetics, pharmacodynamics, safety and immunogenicity. Neulasta is Amgen’s drug to boost white blood cells in cancer patients.
A current job posting is for Director of Biostatistics at Sandoz in Princeton, N.J. This individual will lead the company’s biostatistics and pharmacometrics activities. It calls for a Master’s of Science or PhD in biostatistics or equivalent.
3. Mylan
Based in Canonsburg, Penn., Mylan markets more than 7,500 products worldwide, including generic and brand-name medicines. It employs about 35,000 people worldwide with 50 global manufacturing sites. In 2016, the company reported $11 billion in revenue.
On Dec. 29, 2017, Mylan announced the U.S. launch of Estradiol Vaginal Cream, USP, the first generic version of Allergan’s Estrace Cream, for vulvar and vaginal atrophy.
"The approval and launch of Estradiol Vaginal Cream strengthens our robust women’s healthcare portfolio and our commitment to helping women manage their health across every stage of their lives, from contraception and hormone replacement therapy to certain disorders that are highly prevalent in women, like hypothyroidism," said Heather Bresch, Mylan’s chief executive officer, in a statement.
An example of a current career opportunity is Senior Clinical Data Specialist in Morgantown, West Virginia.
The candidate will ensure database lock for project timelines that are part of the company’s Data Management Plan. The position calls for a Bachelor’s Degree or equivalent in biostatistics or related discipline and two to four years of experience.
4. Sun Pharmaceutical
Sun Pharmaceutical is headquartered in Goregaon, Mumbai, India. It saw a 68 percent increase in revenue, largely due to its $4 billion acquisition of competitor Ranbaxy Laboratories, which added $2 billion in revenue and bolst...
(All Rights Reserved)