Pharmaceutical companies use 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 deal with for profitable survival. The us won't have regulations for drug prices, but other regulations monitor the functioning of pharmaceutical companies in the nation. Fierce competition from illegal drug imports is also an issue that can't be ignored by major pharmaceutical companies.
There are numerous associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is an organization which is on the apex. It's a non-profit and non-governmental organization. Its members are a couple of research based pharmaceutical, biotech and vaccine companies from both USA and also other countries too.
Organizations like these, benefit an international policy environment that is certainly ideal for innovation in the pharmaceutical field. A survey of major pharmaceutical manufacturers suggests that collectively the has almost 700 medicines inside the pipeline. These medicines are aimed at providing relief to individuals suffering from various diseases like HIV/AIDS, cancer, heart diseases and stroke among others.
The existence of a platform as an international association provides the opportunity to major pharmaceutical companies to possess collaborative relationships among themselves and foster industry development in a manner that gives avenues for overall improvement in public areas health while being commercially profitable.
One of the main 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 deal to alleviate human and animal suffering. Located in Ny, Pfizer had become 1849.
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