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Alvogen founder: Generic drug price wars will drive consolidation | World Finance

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Generic pharmaceuticals has become big business in recent years, as the drug industry has ricocheted down a series of patent cliffs over the last decade. You'd think it would be triples all round for investors; but in the US, publicly listed generics companies have actually seen their market capitalisation drop 57 percent since January 2016. Robert Wessman, founder of Alvogen, explains that customer consolidation and over-leveraging to acquire assets has changed the industry permanently. Watch our other interviews with the Alvogen chairman and CEO, where he discusses the company's origins on a restaurant napkin, and his vision of leadership. For a full transcript visit: https://www.worldfinance.com/videos/alvogen-founder-generic-drug-price-wars-will-drive-consolidation For more World Finance videos go to https://www.worldfinance.com/videos/
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