Pharmaceutical company

1. What is a pharmaceutical company?
2. What is the role of pharmaceutical companies?
3. How do pharmaceutical companies work?
4. What is Pfizer famous for?
5. Who owns Cipla?
6. Which country is the largest producer of medicine in the world?

What is a pharmaceutical company?

A pharmaceutical company, or drug company, is a commercial business licensed to research, develop, market and/or distribute drugs, most commonly in the context of healthcare. ... They are subject to a variety of laws and regulations regarding the patenting, testing and marketing of drugs, particularly prescription drugs.

What is the role of pharmaceutical companies?

The pharmaceutical industry develops, manufactures, and sells drugs. Defining illness is not its mission. Generally, the medications produced by drug companies target diseases that have been defined previously by the medical profession.

How do pharmaceutical companies work?

When a pharmaceutical company discovers a new drug, it files for a patent. Then, the company is awarded a license for 20 years to exclusively sell the drug. Exclusivity is provided to recoup research and development expenses incurred during the development of a drug. Patented drugs are patented by an innovator company.

What is Pfizer famous for?

Our global portfolio includes medicines and vaccines as well as many of the world's best-known consumer health care products. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments, and cures that challenge the most feared diseases of our time.

Who owns Cipla?

Yusuf Hamied is the nonexecutive chairman of $2.6 billion (revenue) generics maker Cipla. The company was founded in 1935 by his father Khwaja Abdul Hamied, a disciple of Mahatma Gandhi.

Which country is the largest producer of medicine in the world?

This article is part of Conversation Insights

For more than a decade now, China has been the largest producer of APIs in the world. The US, Europe and Japan produced 90% of the world's APIs until the mid-1990s.