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Major Pharmaceutical Companies





Pharmaceutical companies use a major social responsibility while performing on a profitable motive. Several public platforms are shared by major pharmaceutical companies just for this very purpose.

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The pharmaceutical industry has several issues to cope with for profitable survival. The usa doesn't have regulations for drug prices, but a number of other regulations monitor the functioning of pharmaceutical companies in the country. Fierce competition from illegal drug imports is also an element that can't be ignored by major pharmaceutical companies.

There are many associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is definitely an organization which is in the apex. It's a non-profit and non-governmental organization. Its members are many research based pharmaceutical, biotech and vaccine companies from both USA as well as other countries at the same time.

Organizations like these, work with a global policy environment which is conducive to innovation within the pharmaceutical field. A study of major pharmaceutical manufacturers suggests that collectively a has almost 700 medicines in the pipeline. These medicines are geared towards providing relief to the people struggling with various diseases like HIV/AIDS, cancer, heart diseases and stroke among others.

A good a platform like an international association provides opportunities to major pharmaceutical companies to get collaborative relationships among themselves and foster industry development in a way that provides avenues for overall improvement in public 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 many infectious diseases. Cephalosporin, erythromycin, insulin and Prozac are among Eli Lily's major pharmaceutical breakthroughs. Pfizer is the one other major pharmaceutical company containing contributed a lot to alleviate human and animal suffering. Situated in New York, Pfizer had become 1849.
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