Pharmaceutical is one of the biggest industries in the US. The industry is characterized by excessively high-profit margins, and profitability exceeding costs. These are also some of the richest companies in the world with most of them having production set ups in many other countries and having strong distribution channels that completely cover the globe. […]
Tag Archives: pharmaceutical industry
Pharmaceutical industry – The Global history
Pharmaceutical industry history from the last half of the 19th century to the end of war II, is split into nine sections for the aim of dialogue . 1. The ecu medical and pharmaceutical science and technology at the top of the 19th century is reviewed. Pharmacology, bacteriology and biochemistry were inbuilt in this era […]
Why Pharma Needs A New Approach To Patient Engagement In Drug Development
Customers are no longer content to buy a drug simply because of a doctor’s recommendation. In a study of 13,000 patients, 89% initiated a conversation with their physician about alternative treatment options, and 70% think decisions made about their treatment should be a collaborative effort with their doctor. While the pressure is on physicians, patient […]
Procedures for product recall in pharmaceutical industry
A drug product recall is a request to return to the maker a batch or an entire production run of a product, usually due to the discovery of consumer safety issues. Recalls are costly to a company because they often loss their company name form the consumer. The reason for drug product recall may be […]