Pharma market to grow by 1.1% in 2016

Pharma and medtech sector growth will slow down to 1.1 percent in 2016 from 4 percent this year, according to a report by DNB Bank Polska and Deloitte. "The decline will be due to lack of growth in the prescription drugs segment, because of expected lower pensions' increase," a statement read. According to forecasts, the value of prescription drugs will fall by 0.2 percent in 2016. The OTC (over the counter) business will grow, however, by 3.4 percent due to rising average salaries, the report concluded.