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ROLE OF PHARMACEUTICAL INDUSTRY AND CHALLENGES FACED
This Paper will help us understand the major roles played by pharmaceutical firms and the measures they are taking to curb challenges facing them.
|language || ||english
|wordcount || ||2193 (cca 6 pages)
|contextual quality || ||N/A
|language level || ||N/A
|price || ||free
|sources || ||9
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Preview of the essay: ROLE OF PHARMACEUTICAL INDUSTRY AND CHALLENGES FACED
ROLE OF PHARMACEUTICAL INDUSTRY AND CHALLENGES FACED Business strategies of several pharmaceutical and biotechnology companies have been reshaped by scientific changes from new drug chemistries to modern research and development partnerships and marketing strategies. This indicates a competitive pharmaceutical industry in the future. For the pharmaceutical companies to continue being competitive in the industry, they will have to be knowledge-based and creative. Latest study from MIT program on Pharmaceutical Industry shows that various companies at the moment are in search for ways to improve efficiency, expand treatment modalities that will boost profitability and look for ways to reduce costs (Ahuja 1994, In regard ...
... experienced marvelous development in addition to change. Alongside this development and growth it has met a chain of difficulty to incorporate the industry with international set standards and regulations. To sum up, ecological certification concerns has become a driving force for revolutionize in the pharmaceutical business. To survive in future, the pharmaceutical firms should try to avoid liability matters and try to readjust towards social as well as environmental regulations; this will help them to be competitive in the global market.
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Pharmaceutical industries play an indispensable role in such countries as India, Pakistan where medicines are very cheap. Liberalization ibn trade must have caused this lowering of price.Princess R.
Pharmaceutical industries play an indispensable role in such countries as India, Pakistan where medicines are very cheap. Liberalization in trade must have caused this lowering of price.