Pharmaceutical companies have a very major social responsibility while performing on a profitable motive. Several public platforms are shared by major pharmaceutical companies with this very purpose.
The pharmaceutical industry has several issues to take care of for profitable survival. The us does not have regulations for drug prices, but many regulations monitor the functioning of pharmaceutical companies in the united states. Fierce competition from illegal drug imports is also an element that is not ignored by major pharmaceutical companies.
There are several associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations can be an organization that is certainly with the apex. This is a non-profit and non-governmental organization. Its members are some research based pharmaceutical, biotech and vaccine companies from both USA along with other countries also.
Organizations genuinely, benefit a worldwide policy environment that is 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 directed at providing relief to individuals experiencing various diseases like HIV/AIDS, cancer, heart diseases and stroke among others.
The existence of a platform like an international association provides opportunities to major pharmaceutical companies to possess collaborative relationships among themselves and foster industry increase in such a manner that provides avenues for overall improvement in public health while being commercially profitable.
One of the leading pharmaceutical companies is Eli Lily, a worldwide player. Their specialties include drugs for cancer, cardiovascular diseases, neurological disorders, endocrinal disorders, diabetes and lots of 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 a lot to alleviate human and animal suffering. Based in Ny, Pfizer had become 1849.
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