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 lots of issues to contend with for profitable survival. The usa won't have regulations for drug prices, but several 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 numerous associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is an organization that is on the apex. It is just a non-profit and non-governmental organization. Its members are many research based pharmaceutical, biotech and vaccine companies from both USA and other countries at the same time.
Organizations like these, work with a universal policy environment that is certainly conducive to innovation in the pharmaceutical field. Market research of major pharmaceutical manufacturers suggests that collectively the has almost 700 medicines inside the pipeline. These medicines are aimed at providing relief to the people experiencing various diseases like HIV/AIDS, cancer, heart diseases and stroke and others.
The use of a platform just like an international association provides possibilities to major pharmaceutical companies to get collaborative relationships among themselves and foster industry growth in a manner that delivers avenues for overall improvement in public areas health while being commercially profitable.
One of the leading pharmaceutical companies is Eli Lily, a worldwide 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 that has contributed a lot to alleviate human and animal suffering. Based in The big apple, Pfizer has been available since 1849.
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