Pharmaceutical companies have a very 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 lots of issues to contend with for profitable survival. America 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 is also an element that cannot be ignored by major pharmaceutical companies.
There are numerous associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations can be an organization that's on the apex. It is a non-profit and non-governmental organization. Its members are many research based pharmaceutical, biotech and vaccine companies from both USA along with other countries too.
Organizations honestly, work for a universal policy environment that's conducive to innovation within the pharmaceutical field. A study of major pharmaceutical manufacturers shows that collectively the has almost 700 medicines in the pipeline. These medicines are aimed at providing relief to individuals 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 have collaborative relationships among themselves and foster industry rise in a way 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, heart 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 another major pharmaceutical company which has contributed a lot to alleviate human and animal suffering. Based in The big apple, Pfizer has been around since 1849.
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