Pharmaceutical companies use a major social responsibility while performing on a profitable motive. Several public platforms are shared by major pharmaceutical companies for this very purpose.
The pharmaceutical industry has lots of issues to deal with for profitable survival. The usa won't have regulations for drug prices, but a number of other regulations monitor the functioning of pharmaceutical companies in the united states. Fierce competition from illegal drug imports is additionally an element that cannot be ignored by major pharmaceutical companies.
There are many associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is an organization that is certainly at 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 and other countries at the same time.
Organizations like these, work for a universal policy environment which is conducive to innovation in the pharmaceutical field. A study of major pharmaceutical manufacturers indicates that collectively the market has almost 700 medicines within the pipeline. These medicines are geared towards providing relief to people struggling with various diseases like HIV/AIDS, cancer, heart diseases and stroke and the like.
The presence of a platform like an international association provides the possiblility to major pharmaceutical companies to own collaborative relationships among themselves and foster industry rise in a way that delivers avenues for overall improvement in public places 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 several infectious diseases. Cephalosporin, erythromycin, insulin and Prozac are among Eli Lily's major pharmaceutical breakthroughs. Pfizer is yet another major pharmaceutical company that has contributed a great deal to alleviate human and animal suffering. Operating out of Nyc, Pfizer has been around since 1849.
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