Pharmaceutical industry
develops, produces, and markets drugs or pharmaceuticals licensed for use as medications
The pharmaceutical industry (also big pharma) discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered (or self-administered) to patients, with the stated aim to cure them, vaccinate them, or alleviate the symptoms. Pharmaceutical companies may deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy and marketing of drugs.
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Quotes
edit- If the pharmaceutical industry will not end its greed, which is literally killing Americans, then we will end it for them... The United States pays by far the highest prices in the world for prescription drugs. This has created a health care crisis in which 1 in 5 American adults cannot afford to get the medicine they need.
- Bernie Sanders quoted in Sen. Bernie Sanders says ‘we will end’ Big Pharma ‘greed’ as lawmakers push bills aimed at slashing prescription drug prices,CNBC, (10 January 2019)
