Pharmaceutical companies use a major social responsibility while performing with a profitable motive. Several public platforms are shared by major pharmaceutical companies just for this very purpose.
The pharmaceutical industry has several issues to contend with for profitable survival. The usa doesn’t need regulations for drug prices, but other regulations monitor the functioning of pharmaceutical companies in the country. Fierce competition from illegal drug imports is additionally an issue that is not ignored by major pharmaceutical companies.
There are several associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is surely an organization that is in 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 and also other countries also.
Organizations such as these, work for an international policy environment that’s ideal for innovation within the pharmaceutical field. A survey of major pharmaceutical manufacturers shows that collectively a has almost 700 medicines inside the pipeline. These medicines are directed at providing relief to people experiencing various diseases like HIV/AIDS, cancer, heart diseases and stroke amongst others.
The use of a platform like an international association provides opportunities to major pharmaceutical companies to get collaborative relationships among themselves and foster industry development in a way providing you with avenues for overall improvement in public health while being commercially profitable.
One of the major pharmaceutical companies is Eli Lily, a global player. Their specialties include drugs for cancer, cardiovascular 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 has contributed a great alleviate human and animal suffering. Operating out of Ny, Pfizer has been available since 1849.
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