Pfizer is looking for opportunities in emerging markets, including Brazil, Russia, India, Turkey, China, and the Middle East. Not only do people who live in these rapidly growing markets need biotherapeutics, but also significant research and development efforts are occurring there. Access and affordability are key to entering these markets and developing biomanufacturing opportunities.
China, for instance, requires companies who want to sell pharmaceutical and biotechnology products to its citizens to also manufacture the products in China. “That has to be factored into a company’s strategy,” comments Schmuckler. In Russia, policy dictates that half of all pharmaceuticals sold will eventually need to be manufactured there as well. “We’re looking closely at how the environment is evolving from a development and manufacturing standpoint.”
Biopharmaceuticals are becoming a larger part of the global pharmaceutical business, and vaccines are the fastest growing segment, according to Schmuckler. A big contributor is Prevnar, and Pfizer is gearing up to supply even more of the vaccine to emerging markets through a partnership with UNICEF. However, monoclonal antibodies and recombinant proteins still dominate the biotherapeutics market.
Overall, the integration of Wyeth’s biotechnology assets has gone well. The new Pfizer biotherapeutics organization is well positioned to be successful in the future, according to Schmuckler.