Pharmaceutical companies possess a major social responsibility while performing with a profitable motive. Several public platforms are shared by major pharmaceutical companies just for this very purpose.
The pharmaceutical industry has lots of issues to cope with for profitable survival. The United States won't have regulations for drug prices, but other regulations monitor the functioning of pharmaceutical companies in the nation. Fierce competition from illegal drug imports is also an issue that can't be ignored by major pharmaceutical companies.
There are several associations that represent pharmaceutical manufacturers. The International Federation of Pharmaceutical Manufacturers and Associations is definitely an organization that is certainly in the apex. This 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 as well.
Organizations honestly, help a global policy environment that is conducive to innovation within the pharmaceutical field. A survey of major pharmaceutical manufacturers shows that collectively a has almost 700 medicines inside the pipeline. These medicines are aimed at providing relief to the people suffering from various diseases like HIV/AIDS, cancer, heart diseases and stroke amongst others.
A good a platform like an international association provides the opportunity to major pharmaceutical companies to have collaborative relationships among themselves and foster industry growth in such a manner that delivers avenues for overall improvement in public health while being commercially profitable.
One of the leading pharmaceutical companies is Eli Lily, an international player. Their specialties include drugs for cancer, cardiovascular 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 an additional major pharmaceutical company which has contributed much to alleviate human and animal suffering. Situated in New York, Pfizer had become 1849.
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