U.S. sales of pharmaceuticals will grow at the slowest rate on record this year, as the weakening economy compounds other factors hampering the industry, according to a report issued Wednesday.
The U.S. market for prescription drugs _ the largest in the world _ is predicted to grow an anemic 1 to 2 percent to between $287 billion and $297 billion in 2008, according to research firm IMS Health's annual forecast. That figure is down from the 2 to 3 percent rate the company predicted earlier this year.
Norwalk, Connecticut-based IMS has tracked prescription drug sales for 50 years.
Drug sales in the U.S. have steadily slowed in recent years as …
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