Wednesday, October 3, 2012

Sequestration: What Does it Mean for Pharma?

Sequestration: What Does it Mean for Pharma?:

So let’s step back and take a look at all of this for a moment. Unless Congress gets it act together “H.R. 5872: The Sequestration Transparency Act of 2012” will go into effect on January 2, 2013. The impact of $110 billion being cut from the federal budget could no doubt lead to major losses in public and private employment, and a likely reduction of industrial capacity in many areas of the economy. All dire, and all very serious, especially at this time. But from the standpoint of the Rx industry, think about a few of the variables floating around this issue, too."

... would suggest it definitely could be tough sledding for the Rx business if the Sequester comes on line. For every employee of the Rx industry, it bears careful study.

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