ganiti6212   Topic Posted Oct.29th, 2023, viewed 34 times

Pharmaceutical Drugs & It's Market

A pharmaceutical company is known as a pharmaceutical manufacturer and holds a commercial business license that enables it to do research, manufacture, develop, distribute and/or market and sell drugs, most commonly in the context of medical and healthcare.

They can deal in generic and broad spectrum medicines and/or brand medications under finished pharmaceutical formulations. A pharmaceutical manufacturer makes drugs that are produced under strict quality control and pass rigorous tests for ensuring a completely safe product.

Pharmaceutical Drugs

Also referred to as medicine, a pharmaceutical drug is intended for use in the follow up of a medical diagnosis, to begin a cure, a regular treatment, or eventually prevent a disease. These medicines come as either prescriptive or non prescriptive. They can be either prescription Drugs or nonprescription drugs.

Prescription Drugs

Prescription drugs come in forms of anti-convulsion,obesity,angina,fungal,itch, anti-viral,anti-diabetic, anti-asthmatic , anti-hypertensive, antibiotics, anti-migraine , anti-rheumatic , anti-protozoa , tricycle anti-depressants, anti-arrhythmic, anti-nausea , anti- parkinson and anti-psychotic drugs.

Non Prescription Drugs

The most commonly known nonprescription drugs are anti-hemorrhoid , cough-suppressants, anti-acne , antiseptics, analgesics, aspirin, antacids, anti-fungal and anti-gas agents.

They are subject to a variety of laws and regulations regarding, patenting, testing, marketing and distributing , particularly prescription drugs.

Finished pharmaceutical formulations include injection, capsules, birth control device, vaccines, syrups, ointments and tablets.

Growth of the Pharmaceutical Industry

At the beginning of the 19th Century, the pharmaceutical industry grew rapidly to become one of the most profitable and influential industry in existence, drawing and attracting praise and at the same time an equal amount of controversy.

A process was set by which drugs were discovered and/or designed and manufactured. New technologies emerged and Data Management/Informatics Systems were now employed to speed up this process. The business of drug development and manufacturing became a costly and intensive process.

Only a small fraction is finally approved after investigation of all compounds, used in humans, after intensive and heavy investment in pre-clinical development, clinical trials, and safety monitoring controls, determine the safety and efficacy of a compound that is manufactured.

In the past, most drugs have been discovered in nature by either identifying the active ingredient in a plant or seed or by using traditional remedies that have been tried over time and or discovered unexpectedly.

Infections and diseases were then studied at the molecular and physiological level, giving birth to a new approach and targeting specific entities based on this knowledge.

Future of the Pharmaceutical Industry

By the next decade, the pharmaceutical industry will shift from a mass-market to a target-market approach in order to increase revenue, and change the industry's sales and marketing workforce with a new model. The industry will no more be rewarded for increase in innovation and selling of large quantities of drugs but there will be a need to add value to the patients and their needs by offering a package of products and health services which the public are willing to pay a premium for.