Pharmaceutical companies possess a major social responsibility while performing on the 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 us doesn't have regulations for drug prices, but other regulations monitor the functioning of pharmaceutical companies in the united states. Fierce competition from illegal drug imports is also an issue 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 definitely an organization that is with the apex. It is a non-profit and non-governmental organization. Its members are a couple of research based pharmaceutical, biotech and vaccine companies from both USA and other countries too.
Organizations like these, benefit a global policy environment that is certainly ideal for innovation inside the pharmaceutical field. A survey of major pharmaceutical manufacturers shows that collectively the industry has almost 700 medicines within the pipeline. These medicines are aimed at providing relief to people suffering from various diseases like HIV/AIDS, cancer, heart diseases and stroke and the like.
A good a platform as an international association provides the opportunity 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, 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 yet another major pharmaceutical company which includes contributed much to alleviate human and animal suffering. Situated in New York, Pfizer had become 1849.
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