Major Pharmaceutical Companies
Pharmaceutical companies have a very major social responsibility while performing on a profitable motive. Several public platforms are shared by major pharmaceutical companies for this very purpose.
The pharmaceutical industry has lots of issues to contend with for profitable survival. The us won't have regulations for drug prices, but several other regulations monitor the functioning of pharmaceutical companies in the country. Fierce competition from illegal drug imports can be an issue that cannot be ignored by major pharmaceutical companies.
There are many associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations can be an organization that is on 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 too.
Organizations like these, help a global policy environment which is ideal for innovation in the pharmaceutical field. Market research of major pharmaceutical manufacturers indicates that collectively a has almost 700 medicines within the pipeline. These medicines are geared towards providing relief to the people experiencing various diseases like HIV/AIDS, cancer, heart diseases and stroke and the like.
The use of a platform as an international association provides opportunities 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 health while being commercially profitable.
One of the major pharmaceutical companies is Eli Lily, a universal player. Their specialties include drugs for cancer, cardiovascular diseases, neurological disorders, endocrinal disorders, diabetes and many infectious diseases. Cephalosporin, erythromycin, insulin and Prozac are among Eli Lily's major pharmaceutical breakthroughs. Pfizer is another major pharmaceutical company that has contributed a great alleviate human and animal suffering. Situated in The big apple, Pfizer had become 1849.
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