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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 for this very purpose.
The pharmaceutical industry has lots of issues to cope with for profitable survival. The us doesn't need regulations for drug prices, but other regulations monitor the functioning of pharmaceutical companies in the united states. Fierce competition from illegal drug imports can also be 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 is definitely an organization which is at the apex. It 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 such as these, help an international policy environment that is certainly ideal for innovation within the pharmaceutical field. Market research of major pharmaceutical manufacturers suggests that collectively the industry has almost 700 medicines in the pipeline. These medicines are aimed at providing relief to individuals being affected by various diseases like HIV/AIDS, cancer, heart diseases and stroke among others.
The existence of a platform like an international association provides possibilities to major pharmaceutical companies to have collaborative relationships among themselves and foster industry rise in a manner that provides avenues for overall improvement in public health while being commercially profitable.
One of the leading pharmaceutical companies is Eli Lily, an international player. Their specialties include drugs for cancer, heart 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 the one other major pharmaceutical company that has contributed a great deal to alleviate human and animal suffering. Based in The big apple, Pfizer has been around since 1849.
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