Pharmaceutical companies have a major social responsibility while performing over a profitable motive. Several public platforms are shared by major pharmaceutical companies because of this very purpose.
The pharmaceutical industry has lots of issues to cope with for profitable survival. America does not have regulations for drug prices, but a number of other regulations monitor the functioning of pharmaceutical companies in the united kingdom. 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 can be an organization that is certainly at the apex. It's a non-profit and non-governmental organization. Its members are many research based pharmaceutical, biotech and vaccine companies from both USA as well as other countries as well.
Organizations like these, work with a universal policy environment that is conducive to innovation in the pharmaceutical field. Market research of major pharmaceutical manufacturers points too collectively the industry has almost 700 medicines inside the pipeline. These medicines are targeted at providing relief to people suffering from various diseases like HIV/AIDS, cancer, heart diseases and stroke and others.
The presence of a platform as an international association provides opportunities to major pharmaceutical companies to get collaborative relationships among themselves and foster industry increase in a way that gives avenues for overall improvement in public areas health while being commercially profitable.
One of the main pharmaceutical companies is Eli Lily, a universal player. Their specialties include drugs for cancer, heart 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 another major pharmaceutical company which has contributed a great deal to alleviate human and animal suffering. Located in New York, Pfizer has been available since 1849.
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