Pharma

Extracted Attributes

• Core Function

  Diagnosis, cure, mitigation, treatment, or prevention of disease

• R&D Investment

  More than 15% of net sales

• Industry Valuation

  US$7.03 trillion as of February 2021

• Primary Subsectors

  Innovative pharmaceuticals, generic pharmaceuticals, biologics, biosimilars, and over-the-counter medicines

• Market Leader by Valuation

  United States

Timeline

• The modern era of the pharmaceutical industry begins with the isolation and purification of compounds and chemical synthesis. (Source: Britannica)

  1801-01-01

• The 20th century sees the unification of research in chemistry and physiology, increasing the understanding of drug-discovery processes. (Source: Britannica)

  1901-01-01

• The global pharmaceutical industry reaches a market valuation of US$7.03 trillion. (Source: Wikipedia)

  2021-02-01

• Tucker Carlson discusses the influence of Pharma on the All-In Podcast following his departure from Fox News. (Source: Document 53b39af3-c6ec-4159-8c45-2bf389908316)

  2023-11-01

Pharma

Pharma may be an abbreviation for:

Web Search Results

• Pharmaceuticals and Biopharmaceuticals

  The pharmaceutical and biopharmaceutical industry sector is comprised of companies engaged in researching, developing, manufacturing, and distributing drugs. Drugs are products intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease and products (other than food) intended to affect the structure or any function of the body. The definition also includes components of drugs, such as active pharmaceutical ingredients and excipients. [...] Innovative or originator pharmaceuticals are chemically synthesized drugs that are first approved for an indication by a regulator and are protected by exclusive marketing or intellectual property rights such as patents. Generic pharmaceuticals are copies of innovative pharmaceuticals that meet regulatory bioequivalence standards and can be marketed following expiration of marketing or patent exclusivities or successful challenge of relevant patents of the innovative drug. [...] Subsectors include innovative and generic pharmaceuticals, biologics, biosimilars, and over-the-counter medicines.

• Pharmaceutical | Definitive Healthcare

  Pharmaceutical, in the broader sense, refers to the production of medicine. Pharmaceutical and biotech companies make up the larger pharmaceutical industry that is responsible for producing medicines. Some examples of pharmaceuticals include: antibiotics vaccines steroid hormones ointments lozenges ## Why are pharmaceuticals important? [...] Log in + Reference & Affiliations: View + Medical & Scientific Experts: Monocl + Claims & Consumer Analytics: Populi + Sales Enablement: Carevoyance Free trial Free trial Start of Main Content # Pharmaceutical ## What is a pharmaceutical? A pharmaceutical refers to any drug that has medicinal purposes. Generally, it includes any medicine sold by pharmacists or pharmacies intended to diagnose, prevent, treat, or cure a medical condition. [...] Pharmaceuticals play a crucial role in the management of a patient’s well-being because they can help prevent and treat various health conditions. Different pharmaceuticals serve different purposes, but they all aim to improve or maintain some aspect of an individual’s health. ### Share this Glossary Entry ### Related Links The Pharmaceutical Market’s Next Trending Topic What Value-Based Care Means for Pharma Top Trends in Pharmaceutical Supply Chain Costs

• Pharmaceutical industry | Definition, Overview, History ... - Britannica

  pharmaceutical industry, the discovery, development, and manufacture of drugs and medications (pharmaceuticals) by public and private organizations. [...] The modern era of the pharmaceutical industry—of isolation and purification of compounds, chemical synthesis, and computer-aided drug design—is considered to have begun in the 19th century, thousands of years after intuition and trial and error led humans to believe that plants, animals, and minerals contained medicinal properties. The unification of research in the 20th century in fields such as chemistry and physiology increased the understanding of basic drug-discovery processes. Identifying [...] new drug targets, attaining regulatory approval from government agencies, and refining techniques in drug discovery and development are among the challenges that face the pharmaceutical industry today. The continual evolution and advancement of the pharmaceutical industry is fundamental in the control and elimination of disease around the world.

• Big Pharma race to snap up biotech assets as $170 billion patent ...

  Pharmaceutical firms, many of which started as chemical companies, typically built their businesses on simpler, small molecule drugs, while biotechs use living organisms to make medicines like antibodies and mRNA. Over time, the distinction between the two has blurred as pharma invested heavily in biotech and many of the drugs on the market today were instead discovered by biotech companies or involved with biotech manufacturing, Thomson said.

• Pharmaceutical industry - Wikipedia

  The pharmaceutical industry has faced extensive criticism for its marketing practices, including undue influence on physicians through pharmaceutical sales representatives, biased continuing medical education, and disease mongering to expand markets. Pharmaceutical lobbying has made it one of the most powerful influences on health policy, particularly in the United States. There are documented cases of pharmaceutical fraud, including off-label promotion and kickbacks, resulting in multi-billion [...] Torreya estimated the pharmaceutical industry to have a market valuation of US$7.03 trillion by February 2021 from which US$6.1 trillion is the value of the publicly traded companies. Small Molecules modality had 58.2% of the valuation share down from 84.6% in 2003. Biologics was up at 30.5% from 14.5%. The valuation share of Chinese Pharma grew from 2003 to 2021 from 1% to 12% overtaking Switzerland who is now ranked number 3 with 7.7%. The United States had still by far the most valued [...] pharmaceuticals and biotechnology industry spends more than 15% of its net sales for Research & Development which is in comparison with other industries by far the highest share.

• Instance Of

  Q4167410