Pharmaceutical Industry Experts Wrong Again!

Recent articles have chronicled the large number of lay-offs that are being experienced in the Pharmaceutical and Biotech Sectors.
FiercePharma had this to say on their website today.

But that is not the whole story.
While it is true that a number of the big firms are downsizing and that some smaller firms are shutting down....My firm seen a large uptick in hiring. While some firms are definitely trying to cut costs in order to deal with their diminished pipelines, other firms are definitely helping to pick up the slack in hiring.

Bottom line - The whole industry is in flux - we are in the midst of a very dynamic time.
But this is still a phenomenal industry to be in....and there are still tremendous opportunities not only in the area of scientific developments....but there are still exist a tremendous number of opportunities that will enable the individual to advance their career.

Years ago the Pharmaceutical industry was being touted as bullet-proof. Major magazines had cover stories where they espoused the theory that the industry was immune to the business cycle. these so-called experts claimed that the industry would continue to experience unparalleled growth with nary a hiccup.

I thought the experts were wrong then.

Now the 'experts' are burying the Pharma industry....now these same experts that years ago called the industry 'bullet-proof' are now sounding its death knell.

The experts are wrong again.

The truth is that there are still tremendous opportunities career-wise in Pharma....And the industry will....once we admittedly go through some more near term pain...emerge much stronger and even more prosperous.

And this is one prediction that will definitely come true.