Active Pharmaceutical Industry: Upcoming Technological Innovations | Active Pharmaceutical Ingredients Market - The Pos | Page 10

The Active pharmaceutical ingredients market is highly competitive and fragmented with
many big and small players as well as contract manufacturing organizations.
Pfizer, Inc., a leading player in the APIs market. Pfizer’s leading position in the market can
be attributed to its exhaustive product portfolio spread across its business segments
includng Global Innovative Pharmaceuticals (GIP); Global Established Pharmaceuticals
(GEP); and Global Vaccines, Oncology.
As part of its growth strategy, the company focuses on adopting both organic and
inorganic growth strategies such as agreements, partnerships, collaborations, approvals,
and acquisitions. In accordance with this, in June 2016, Pfizer acquired Anacor
Pharmaceuticals, Inc. (U.S.), a leading biopharmaceutical company developing small
molecule therapeutics.
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