Major Pharmaceutical Companies
Pharmaceutical companies use a major social responsibility while performing over a profitable motive. Several public platforms are shared by major pharmaceutical companies with this very purpose.
The pharmaceutical industry has several issues to take care of for profitable survival. The us doesn't have regulations for drug prices, but many regulations monitor the functioning of pharmaceutical companies in the united kingdom. Fierce competition from illegal drug imports can also be an issue that cannot be ignored by major pharmaceutical companies.
There are many associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is an organization that is at the apex. It's a non-profit and non-governmental organization. Its members are a couple of research based pharmaceutical, biotech and vaccine companies from both USA as well as other countries too.
Organizations like these, work for a universal policy environment that is certainly ideal for innovation inside the pharmaceutical field. A survey of major pharmaceutical manufacturers suggests that collectively the has almost 700 medicines in the pipeline. These medicines are targeted at providing relief to people being affected by various diseases like HIV/AIDS, cancer, heart diseases and stroke among others.
The presence of a platform just like an international association provides possibilities to major pharmaceutical companies to possess collaborative relationships among themselves and foster industry rise in a manner that delivers avenues for overall improvement in public areas health while being commercially profitable.
One of the major pharmaceutical companies is Eli Lily, a global player. Their specialties include drugs for cancer, heart diseases, neurological disorders, endocrinal disorders, diabetes as well as some infectious diseases. Cephalosporin, erythromycin, insulin and Prozac are among Eli Lily's major pharmaceutical breakthroughs. Pfizer is the one other major pharmaceutical company which includes contributed a great alleviate human and animal suffering. Operating out of The big apple, Pfizer had become 1849.
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