Pharmas Exiting Antidepressant Market

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As patents expire on current antidepressants pharmaceutical companies are getting out of the market, according to an article in yesterday’s Vancouver Sun. In the latest example, AstraZeneca announced this week that it is writing off its $146.5 million investment in Targacept, which failed to perform better than placebo in trials. The worldwide market for antidepressants is itself depressed, according to the article, having fallen from $15 billion in 2003 to a predicted less than $6 billion in 2016.

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Kermit Cole
Kermit Cole
Kermit Cole, MFT, founding editor of Mad in America, works in Santa Fe, New Mexico as a couples and family therapist. Inspired by Open Dialogue, he works as part of a team and consults with couples and families that have members identified as patients. His work in residential treatment — largely with severely traumatized and/or "psychotic" clients — led to an appreciation of the power and beauty of systemic philosophy and practice, as the alternative to the prevailing focus on individual pathology. A former film-maker, he has undergraduate and master's degrees in psychology from Harvard University, as well as an MFT degree from the Council for Relationships in Philadelphia. He is a doctoral candidate with the Taos Institute and the Free University of Brussels. You can reach him at [email protected].

1 COMMENT

  1. Well, all of this couldn’t be happening to a better group of companies than this group! They should have gone out of business with the SSRI’s because they work no better than placebos and have been ripping people off right and left. The larger problem is that their toxic drugs have negatively affected peoples’ brains and caused irreparable harm. The people running these companies should be in prison, plain and simple. They knew all along what these toxic drugs were doing to people yet they hid the information and continued selling the rubbish hand over fist. I hope that these companies go bankrupt. It’s time that their day in the sun ends and I hope it happens with a bang and not a whimper!

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