pharmaceutical industry
Medicine manufacturing business
The pharmaceutical industry comprises companies that research, develop, manufacture, and market drugs and medications.
It spans everything from small biotech startups to multinational corporations producing everything from generic aspirin to cutting-edge cancer treatments.
The industry is heavily regulated and enormously profitable, often criticized for high drug prices and aggressive marketing to doctors: The pharmaceutical industry spends more on advertising than research.
Gain exceeding expenditure
- revenueBusiness income total
- shareholdersOwners of company stock
- multinationalOperating across multiple countries
- mergerCorporate combination
acquisition · CEO · boardroom · executive · IPO · stocks · market · branding
Applied biological engineering
- genomicsStudy of entire genetic sequences
- nanotechnologyAtomic-scale manipulation science
- breakthroughSudden important advance
- patentsExclusive rights to inventions
startups · venture capital · synthetic biology · personalized medicine · CRISPR · mRNA · biologics · biosimilars
Developing new therapeutic compounds
- clinical trialsControlled health research experiments
- laboratoryFacility for scientific investigation
- preclinicalBefore human trials
- toxicologyScience of poisons
assay · cell culture · in vitro · in vivo · placebo · double-blind · randomized · endpoints
Medical dispensing authorization
- dosageMeasured medicine amount
- pharmacologyStudy of drug actions
- drugsTherapeutic chemical compounds
- medicationTherapeutic substance for illness
antibiotics · vaccine · tablet · capsule · generic · brand-name · over-the-counter · side effects
U.S. health regulator
- complianceAdhering to requirements
- legislationOfficial enactment of statutes
- oversightSupervision or inadvertent omission
- GMPManufacturing compliance framework
licensing · policy · enforcement · guidelines · audit · inspection · quality control · risk management
Curative mental treatment
- regimenPrescribed course of treatment
- patientAble to wait calmly
- pharmacotherapyTreatment using pharmaceutical agents
- interventionPurposeful involvement to change course
outcomes · adherence · protocol · remission · chronic disease · acute care · combination therapy · first-line
profit
Gain exceeding expenditure
- revenueBusiness income total
- shareholdersOwners of company stock
- multinationalOperating across multiple countries
merger · acquisition · CEO · boardroom · executive · IPO · stocks · market · branding · advertising
biotech
Applied biological engineering
- genomicsStudy of entire genetic sequences
- nanotechnologyAtomic-scale manipulation science
- breakthroughSudden important advance
patents · startups · venture capital · synthetic biology · personalized medicine · CRISPR · mRNA · biologics · biosimilars · gene therapy
drug discovery
Developing new therapeutic compounds
- clinical trialsControlled health research experiments
- laboratoryFacility for scientific investigation
- preclinicalBefore human trials
toxicology · assay · cell culture · in vitro · in vivo · placebo · double-blind · randomized · endpoints · biomarkers
prescription
Medical dispensing authorization
- dosageMeasured medicine amount
- pharmacologyStudy of drug actions
- drugsTherapeutic chemical compounds
medication · antibiotics · vaccine · tablet · capsule · generic · brand-name · over-the-counter · side effects · contraindications
FDA
U.S. health regulator
- complianceAdhering to requirements
- legislationOfficial enactment of statutes
- oversightSupervision or inadvertent omission
GMP · licensing · policy · enforcement · guidelines · audit · inspection · quality control · risk management · drug recall
therapy
Curative mental treatment
- regimenPrescribed course of treatment
- patientAble to wait calmly
- pharmacotherapyTreatment using pharmaceutical agents
intervention · outcomes · adherence · protocol · remission · chronic disease · acute care · combination therapy · first-line · second-line
- German MedicinePaul Ehrlich, germ theory, aspirin, Bayer, Merck
- New JerseyNewark, Garden State, Trenton, Jersey City, Princeton
- pharmacy historyapothecary, druggist, patent medicines, pharmacopoeia, compounding
- South Asian economiesGDP, GDP growth, fiscal deficit, budget deficit, economic reforms
- BaselBasel, Rhine, Munster, Novartis, Roche
- BalkansAlbania, Bosnia, Croatia, Bulgaria, Kosovo
pharmaceutical industryalternative medicine
Non-standard healing practices
traditional medicine · naturopathy · herbal medicine · homeopathy · traditional Chinese medicine
pharmaceutical industrypublic health systems
Infrastructure protecting community wellness
socialized medicine · Doctors Without Borders · community health workers · compulsory licensing · government healthcare
pharmaceutical industrypreventive medicine
Healthcare before illness strikes
public health · disease prevention · health promotion · nutrition science · health education
industry, industrial, pharmacy, pharmaceutical, pharmaceutics