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The Production Of The Pharmaceutical Industry

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Research, create, market and sell are four processes in a Pharmaceutical industry. It is one of the most booming industries in Canada. This field consists of large number of sub-sectors and different segments that covers all the drug firms, pharmaceuticals companies, biopharmaceutical small and medium sized enterprises (biopharmaceutical SMEs), and contract service providers (CSPs). The first pharmaceutical industry was opened by E.B. Shuttleworth in Toronto in 1879. Today most of the owners of Pharmaceutical companies in Canada are foreigners. The Canadian pharmaceutical industry is diverting towards generic drugs as compared to branded drugs. Pfizer is leading pharmaceutical company and generic manufacturer in Canada. Apotex is fifth…show more content…
(Pharmaceutical Industry)
Responsible
In Canada Health Canada is responsible for safety and quality of drugs in Canada. It is also responsible for the packaging, labelling, importing and goods manufacturing processes. The Health Products and Food Inspectorate (Inspectorate) is the part of Health Canada that regulates Food and Drugs Act and its Regulations. The Therapeutic Products Directorate of the Health Products and Food Branch is in charge of reviewing new drugs and products for licensing and labelling purpose. (Export)
Export between USA and Canada:-Canada and USA are two big trade partners. Both countries are tied up with a free trade agreement called NAFTA (North America Free Trade Agreement). Due to this agreement export of pharmaceuticals products from Canada to USA becomes cheaper and easier. Canadian pharmaceutical companies provide a large number of drugs to American at a cheaper rate. But now because of the booming pharmaceutical companies and Mexican exporters, the export between Canada and USA slowed down.

Transportation
These will be medium of transportation of our product
• Air and Sea transportation
• Road transportation

Terms and conditions related to Delivery For the delivery there are some terms which should be followed for any deal in between two different countries.
Incoterm: Incoterm provides set of rules which define responsibilities of sellers and buyers for the
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