PHARMACIST

May 7 2020

#Top #90 #pharmaceutical #companies-Top 90 pharmaceutical companies



Top 100 pharmaceutical companies

Types of Pharmaceutical Companies

Diverse companies make up the pharmaceutical industry.

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Pharmaceutical companies contribute, directly and indirectly, to the health and wellness of individuals of all ages. From breakthrough treatments for chronic illnesses and diseases to everyday medications, the pharmaceutical industry discovers, develops and manufactures a wide range of medications and drug treatments through diverse channels and various types of companies.

Brand Developers

Large and small corporations alike make up the pharmaceutical manufacturing industry. Larger companies, such as Pfizer and Merck, handle both research and development (R&D) and production of pharmaceuticals. These larger corporations often research formularies from the beginning and invest heavily in finding the next breakthrough medication. Once a promising candidate is discovered, they seek a patent to protect the investment while research continues toward developing a safe and marketable drug. Of course, leading the way in the mainline pharmaceuticals sector is risky business. The Pharmaceutical Research and Manufacturers of America estimates that only two out of every 10 drugs that reach the market and bring in revenues that meet or exceed the research and development costs associated with brand-name formularies.

Generic Competition

Also involved in pharmaceutical production are those firms that produce generic versions of brand-name drugs once they come off patent. Without the high costs associated with research and development, generic manufacturers can offer pharmaceuticals at a reduced rate. Included in the mix of generic manufacturers are manufacturers that contract exclusively with brand-name developers, such as Pfizer and Merck, to produce generic versions of the once-exclusive pharmaceuticals. In this business model, the original manufacturer can continue to recapture a piece of the market through generic alternatives.

Research and Development

While research and development is a key business sector of both large and small pharmaceutical manufacturing companies, it also exists as a stand-alone industry channel. Research and development firms conduct clinical trials and work to identify disease characteristics in order to provide important feedback to the pharmaceutical industry as a whole. As reported by the Pharmaceutical Research and Manufacturers of America, R&D companies, academic institutions and corporations of all sizes are sharing once-proprietary information in an attempt to advance science. The hope is that this sharing of research will lead to new discoveries and treatments for today’s top challenges, such as cancer and Alzheimer’s.

Other Types

Additional pharmaceutical companies also exist within the pharmaceutical industry. This includes those companies that manufacturer bulk compounds and chemicals for use in the production of prescription and over-the-counter pharmaceuticals. Biological products companies represent another type of company found in the world of pharmaceuticals. They produce vaccines, serums and blood products.

References (2)

About the Author

Nicole Long is a freelance writer based in Cincinnati, Ohio. With experience in management and customer service, business is a primary focus of her writing. Long also has education and experience in the fields of sports medicine, first aid and coaching. She earned her Bachelor of Arts degree in economics from the University of Cincinnati.

Top 100 pharmaceutical companies



Top 100 pharmaceutical companies

Top 100 pharmaceutical companies

Pharmaceutical companies contribute, directly and indirectly, to the health and wellness of individuals of all ages. From breakthrough treatments for chronic illnesses and diseases to everyday medications, the pharmaceutical industry discovers, develops and manufactures a wide range of medications and drug treatments …
SOURCE: Top 100 pharmaceutical companies http://smallbusiness.chron.com/types-pharmaceutical-companies-43647.html Top 100 pharmaceutical companies

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