Pharmaceutical companies possess a 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 lots of issues to deal with for profitable survival. The United States doesn't have regulations for drug prices, but other regulations monitor the functioning of pharmaceutical companies in the united kingdom. Fierce competition from illegal drug imports can also be an element that cannot be ignored by major pharmaceutical companies.
There are lots of associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations can be an organization that is on the apex. It is just a non-profit and non-governmental organization. Its members are several research based pharmaceutical, biotech and vaccine companies from both USA and other countries too.
Organizations genuinely, benefit a global policy environment which is conducive to innovation from the pharmaceutical field. A survey of major pharmaceutical manufacturers indicates that collectively the market has almost 700 medicines inside the pipeline. These medicines are geared towards providing relief to the people being affected by various diseases like HIV/AIDS, cancer, heart diseases and stroke and the like.
The use of a platform just like an international association provides the possiblility to major pharmaceutical companies to possess collaborative relationships among themselves and foster industry development in a way that provides 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 lots of infectious diseases. Cephalosporin, erythromycin, insulin and Prozac are among Eli Lily's major pharmaceutical breakthroughs. Pfizer is yet another major pharmaceutical company containing contributed a great alleviate human and animal suffering. Based in Nyc, Pfizer had become 1849.
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