Pharmaceutical companies have 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 cope with for profitable survival. The us doesn't have regulations for drug prices, but a number of other regulations monitor the functioning of pharmaceutical companies in the united kingdom. 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 can be an organization that is in 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 as well.
Organizations honestly, benefit an international policy environment that is ideal for innovation within the pharmaceutical field. A survey of major pharmaceutical manufacturers indicates that collectively the has almost 700 medicines in the pipeline. These medicines are geared towards providing relief to the people suffering from various diseases like HIV/AIDS, cancer, heart diseases and stroke and the like.
The presence of a platform such as an international association provides the possiblility to major pharmaceutical companies to get collaborative relationships among themselves and foster industry increase in a manner that delivers avenues for overall improvement in public places health while being commercially profitable.
One of the major pharmaceutical companies is Eli Lily, a universal 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 Nyc, Pfizer had become 1849.
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