Is The Industry Doing Well?

U.S. based companies hold rights to most of the world’s rights on new medicines and holds thousands of new products currently being developed. As of 2012, the industry helps support almost 3.4 million jobs in the U.S. economy. It is also one of the most heavily R&D based industries in the world. In the United States, the environment for pharmaceuticals is much friendlier than other countries around the world in terms of pricing ability and regulations. Both the Pharmaceutical and Biotechnology industries have experienced significant growth in the past year with year-over-year increases of 13.02% and 34.69% respectively. It is an even more striking when looking at the past five years considering both have beat out the S&P 500 with pharmaceuticals increasing an additional 31.44% and the biotechnology sector besting an astonishing 269.3% more return than the

Five of the top ten pharmaceutical companies are located in the United States and the other five are European companies, all of these companies combined, employ approximately 787,000 people. The ranking of the following pharmaceutical companies are based on

The company mission statement indicates that it envisions becoming a principal pharmaceutical manufacturing corporation with a special dedication to advance innovation in medicine with the

There are advantages of starting a pharmaceutical firm in India. It has emerged from being an enzyme-producing firm to a biotech powerhouse under the guidance of Ms Kiran M. Shaw. They have a well-established pharmaceutical industry that has been growing since 1947. After the purchase of Hindustan Antibiotics Ltd. and India Drug and Pharmaceuticals Ltd. they were able to compete with the MNC’s (Multi National Corporaton) from overseas (Kalegaonkar, Locke, Lehrich, 2008, p. 2). In the beginning the pharmaceutical industry saw substantial growth. “By the beginning of the 21st century, over 20,000 pharmaceutical companies were operating in India” (Kalegaonkar, Locke, Lehrich, 2008, p. 2). “The pharmaceutical industry in India is ranked third

Pharmacists, otherwise addressed chemists (Commonwealth English) or druggist (North American and, anciently, Commonwealth English), are medicinal services experts who work in a drug store, the field of health sciences concentrating on safe and effective drug use. A pharmacist is an individual from the health care services group specifically included with patient care. Pharmacists undertake college level education to comprehend the biochemical systems and activities of drugs, drug utilizes, helpful parts, symptoms, potential medication communications, and observing parameters. This is mated to life structures, physiology, and pathophysiology.

The pharmacy is more than just your average mom and pop corner store in the rural areas or the average Walgreens and CVS in more populated areas where you go to just get a few drug store items or pick up your prescription medications. Pharmaceutical companies work with the Food and Drug Administration (FDA) in the drug discovery and development process. They also hire scientists to search for different types of drugs capable of affecting disease. The research that is done by these scientists also provides new and better treatments for diseases (Williams, S.J.& Torrens, P.R., 2008). The role of the pharmacists has also changed over the years, from not just mixing the drugs and counting pills and filling prescriptions, but also to a role of educating

Industry Structure: While medicine itself dates to prehistoric times, it was usually homemade remedies mixed up with the hopes it would cure whatever ailment or illness someone was experiencing. No set formulas were documented and there was no way to produce or distribute the medicine in large volumes. The history of the pharmaceutical industry doesn’t actually begin until a small shop in Darmstadt, Germany began selling their products wholesale in the 1840’s. [10] In 1859, the world’s first factory for producing only medicine was opened by Beecham. [11]

I am Florence Odekunle; I enrolled as a full time PhD student. I have a professional degree in Medicine and a master’s degree in International Health. I have worked as a medical officer in many hospitals. I am not too familiar with pharmaceutical industry per se, but I am very conversant with pharmacy section in the hospitals that I have worked. Additionally, I have gained some knowledge about the drug design/development processes during some of classes I took for spring semester.

Pharmaceutical manufacturers and distributors employ pharmaceutical representatives. These representatives need to know about all these different products they are selling. They need to know not only the products they are selling and distributing but also all the pros and cons of using their product and why it is better than that one over another one that maybe less expensive. Physicians are great targets for the pharmaceutical representatives. First they will set up a meeting to educate the physicians and provide complimentary dinners. The representatives primarily go to physicians to hand out these expensive samples in hopes that the physician will prescribe the medications to the patients. Generally these medications are far more expensive

The pharmaceutical industry includes companies that research, develop, market or distribute generic and branded drugs. The industry expanded during the 1980’s and drugs to treat heart disease and AIDS were prominent. Consumer demand for nutritional supplements and alternative medicine increased during the 1990’s with the Internet facilitating direct purchases of drugs. Advertising for direct consumption of pharmaceutical drugs became more prominent; pharmaceutical companies were criticized for over medicating personality or social problems.

In pharma industry the raw materials mainly consist of organic chemicals. The need of different organic chemicals depends on the chemical formulae of drug. Pharmaceutical industry depends on various different organic chemicals for the production of end drugs. The chemical industry itself is very competitive and also very fragmented because their products (organic chemicals) are standardized and steps to produce them are also standardized. The chemicals used in pharma industry are commodity as pharmaceutical companies do production on economies of scale to lower the cost. The suppliers have low bargaining power because companies can switch to a new supplier without incurring a high cost. But there is a threat from supplier if it decides to go for forward integration and become a pharma industry

Pharmaceutical Sciences is a topic that has interested me for a while now. What I can say about this topic is that it will help humanity grow as a whole and keep everyone moving forward. This is a topic where people really need to think about what goes behind the scenes of your average pharmacies. Once people start to think about it, they would start to realize that the science that happens is extremely crucial to mankind as we know it. Without this kind of science, where would humans be today? Would we have the ability to evolve the way we have? How far would humans make it to creating today’s future as we know it? The simple answer to all these questions is

Drug portfolio management is one of the most important determinants of long-term prosperity of research-oriented pharmaceutical companies.

The macroeconomic conditions of India with respect to pharmaceutical industry were analysed and it was found that the issues around the Pharmaceutical sector are more policy related, with tax measures only reflecting one side of the proposed solution. The support of Indian government for macro issues in the area of improving the infrastructure and skill development is commendable but the Pharmaceutical sector will require more support than that to reach its true potential.

Any organization is deeply effected by its environment. The macro political and economicenvironment of our country is so full of uncertainty that the managers of businessorganizations of Bangladesh face very difficult challenges to cope with the ever changing situations.The biggest challenge for the managers in the pharmaceuticals industry is the competition.Bangladesh is now self dependent in the pharmaceuticals the political and economic instabilitythere are other factors like international and domestic laws and regulations, rising trend of material price, high rate of inflation, obsolete technology, increased security problem, dire countryimage etc which effect the job of managers in our country most.Bangladesh can substantially increase pharmaceuticals export if the government extends support tolocal producers after this year when WTO rules on pharmaceuticals for developed and developingnations comes into effect. From the next year, the developing countries will lose their patent rights tosell products. The main challenge for Beximco Pharma is now to bring down production cost to offer medicines in the international market at a competitive price. For this, raw materials must be producedlocally. Producing countries will lose their rights to sell pharmaceutical ingredients