- Major Food & Drug Companies Begin Buying Up Supplement Companies As Drug Patents Expire.
- New FDA Safety Requirements Do Bidding For Pharma Companies Who Want To Consolidate Industry, Eliminate Competition
Proctor & Gamble and Pfizer, two food and drug giants, announced acquisition of two dietary supplement companies, making it clear the vitamin pill business is up for grabs now that it is growing faster than the rest of the economy. One source predicts the supplement industry will grow at the clip of 9% per year during 2011-15. For comparison, the entire US economy is in the doldrums with less than a 2% annual growth rate. This growth is attracting pariahs and predictable pressure from regulatory agencies to rid the industry of competition. Read more