what is its function of pharmaceutical industry
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The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medicationsto be administered (or self-administered) to patients to cure them, vaccinate them, or alleviate a symptom.[1][2] Pharmaceutical companies may deal in generic or brandmedications 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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The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medicationsto be administered (or self-administered) to patients to cure them, vaccinate them, or alleviate a symptom.[1][2] Pharmaceutical companies may deal in generic or brandmedications 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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The primary function of the research-based pharmaceutical corporations is to create value by discovering and producing effective medicines, vaccines and services that improve patients' well-being, and can be sold in markets at a profit.
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