Major Pharmaceutical Companies
Pharmaceutical companies possess a major social responsibility while performing on a profitable motive. Several public platforms are shared by major pharmaceutical companies just for this very purpose.
The pharmaceutical industry has lots of issues to deal with for profitable survival. America does not have regulations for drug prices, but many regulations monitor the functioning of pharmaceutical companies in the country. Fierce competition from illegal drug imports is additionally an issue that can not be ignored by major pharmaceutical companies.
There are numerous associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations can be an organization that is at the apex. This is a non-profit and non-governmental organization. Its members are some research based pharmaceutical, biotech and vaccine companies from both USA along with other countries too.
Organizations honestly, benefit a global policy environment that's conducive to innovation in the pharmaceutical field. Market research of major pharmaceutical manufacturers suggests that collectively the market has almost 700 medicines within the pipeline. These medicines are geared towards providing relief to individuals struggling with various diseases like HIV/AIDS, cancer, heart diseases and stroke amongst others.
The presence of a platform just like an international association provides the possiblility to major pharmaceutical companies to possess collaborative relationships among themselves and foster industry rise in such a manner that gives avenues for overall improvement in public places health while being commercially profitable.
One of the leading pharmaceutical companies is Eli Lily, a worldwide player. Their specialties include drugs for cancer, cardiovascular diseases, neurological disorders, endocrinal disorders, diabetes and lots of infectious diseases. Cephalosporin, erythromycin, insulin and Prozac are among Eli Lily's major pharmaceutical breakthroughs. Pfizer is another major pharmaceutical company which includes contributed a great deal to alleviate human and animal suffering. Operating out of The big apple, Pfizer has been around since 1849.
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