Major Pharmaceutical Companies

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

The pharmaceutical industry has several issues to take care of for profitable survival. The United States does not have regulations for drug prices, but other regulations monitor the functioning of pharmaceutical companies in the nation. Fierce competition from illegal drug imports can be 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 is definitely an organization which is in the apex. It is a non-profit and non-governmental organization. Its members are several research based pharmaceutical, biotech and vaccine companies from both USA and other countries also.

Organizations such as these, help an international policy environment which is conducive to innovation inside the pharmaceutical field. Market research of major pharmaceutical manufacturers points too collectively the industry has almost 700 medicines within the pipeline. These medicines are geared towards providing relief to individuals experiencing various diseases like HIV/AIDS, cancer, heart diseases and stroke and the like.

The presence of a platform just like an international association provides the possiblility to major pharmaceutical companies to own collaborative relationships among themselves and foster industry growth in such a manner that provides avenues for overall improvement in public places 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 an additional major pharmaceutical company containing contributed much to alleviate human and animal suffering. Operating out of The big apple, Pfizer has been available since 1849.

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