Pharmaceutical companies have a very major social responsibility while performing on the profitable motive. Several public platforms are shared by major pharmaceutical companies because of this very purpose.
The pharmaceutical industry has several issues to deal with for profitable survival. America does not 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 be an element that can't be 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 certainly in the apex. It's a non-profit and non-governmental organization. Its members are some research based pharmaceutical, biotech and vaccine companies from both USA as well as other countries also.
Organizations genuinely, work with a global policy environment that is conducive to innovation inside the pharmaceutical field. Market research of major pharmaceutical manufacturers indicates that collectively a has almost 700 medicines from the pipeline. These medicines are directed at providing relief to people being affected by various diseases like HIV/AIDS, cancer, heart diseases and stroke amongst others.
The use of a platform just like an international association provides opportunities to major pharmaceutical companies to own collaborative relationships among themselves and foster industry growth in a way providing you with avenues for overall improvement in public areas health while being commercially profitable.
One of the leading pharmaceutical companies is Eli Lily, a global 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 an additional major pharmaceutical company which has contributed a great alleviate human and animal suffering. Based in New York, Pfizer has been available since 1849.
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