Pharmaceutical companies have a very major social responsibility while performing with a profitable motive. Several public platforms are shared by major pharmaceutical companies just for 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 many regulations monitor the functioning of pharmaceutical companies in the united states. Fierce competition from illegal drug imports can also be an element that can not be ignored by major pharmaceutical companies.
There are many associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is surely an organization that is certainly in the apex. It is just a non-profit and non-governmental organization. Its members are some research based pharmaceutical, biotech and vaccine companies from both USA and other countries also.
Organizations genuinely, benefit a universal policy environment that is certainly conducive to innovation inside the pharmaceutical field. A study of major pharmaceutical manufacturers suggests that collectively the has almost 700 medicines from the pipeline. These medicines are geared towards providing relief to the people experiencing various diseases like HIV/AIDS, cancer, heart diseases and stroke amongst others.
A good a platform just like an international association provides possibilities to major pharmaceutical companies to have collaborative relationships among themselves and foster industry increase in a manner that provides avenues for overall improvement in public areas health while being commercially profitable.
One of the major pharmaceutical companies is Eli Lily, an international 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 an additional major pharmaceutical company containing contributed a great alleviate human and animal suffering. Operating out of New York, Pfizer has been available since 1849.
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