Top 15 Facts About The Pharma Industry
It started 200 years ago: Medicines have been in use for a long time.
The pharma industry is the most profitable among all industries: With around $154 billion spent on drugs, it is the most profitable industry in the world.
Developing a new drug costs $2.6 billion: A huge amount of money is invested in this industry.
Pfizer is the biggest pharma company in the world: The net worth of this company is $52.54 billion.
There’s no research to prove prescription medication works longer: Taking some medication together for the long term can affect your liver.
Advertising is key in this industry: Advertising plays a very important role in every industry, and the same goes for the pharma.
Clinical trials don’t always get approvals: Clinical trials are some things that are done and tested on humans and, most of the time.
There’s a big pharma conspiracy going around: Big pharma is the name given to 15 huge companies in this industry.
Engineers and new technology are helping a lot: Diseases like polio and smallpox have been eradicated by vaccination.
There’s a big pharma conspiracy going around: Big pharma is the name given to 15 huge companies in this industry.
Antibiotics were discovered 90 years ago: Antibiotics are grown from microorganisms, and they are used for many diseases like chickenpox.
Japan’s pharma industry is booming: Japan is ranked top in the world, closely competing with the USA and China.
Supplements only make you thirsty: Taking various supplements like vitamins and minerals in the form of tablets causes massive.
In 2015, HIV drugs went from $13 a tablet to $750 overnight: HIV is one of the deadliest viruses, causing diseases in the world.
There is still no cure for cancer, HIV, and Parkinson’s disease: These are the diseases that kill a lot of people in a year.