Pharmaceutical companies have a 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. The us won't have regulations for drug prices, but other regulations monitor the functioning of pharmaceutical companies in the united states. Fierce competition from illegal drug imports is also an issue that can not be ignored by major pharmaceutical companies.
There are several associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is an organization which is at the apex. This is a non-profit and non-governmental organization. Its members are a couple of research based pharmaceutical, biotech and vaccine companies from both USA along with other countries also.
Organizations honestly, work for a universal policy environment which is ideal for innovation within the pharmaceutical field. A survey of major pharmaceutical manufacturers indicates that collectively the market has almost 700 medicines inside the pipeline. These medicines are aimed at providing relief to folks suffering from various diseases like HIV/AIDS, cancer, heart diseases and stroke amongst others.
The existence of a platform as an international association provides possibilities to major pharmaceutical companies to own collaborative relationships among themselves and foster industry rise in a way that gives avenues for overall improvement in public places health while being commercially profitable.
One of the major pharmaceutical companies is Eli Lily, a global 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 yet another major pharmaceutical company containing contributed a great deal to alleviate human and animal suffering. Located in New York, Pfizer had become 1849.
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