Big Pharma
Big Pharma refers to the global pharmaceutical industry, which is responsible for the research, development, production, and marketing of medications. These companies play a crucial role in the healthcare sector, providing treatments for a wide range of diseases and conditions.
History[edit | edit source]
The origins of Big Pharma can be traced back to the late 19th and early 20th centuries, with the establishment of major pharmaceutical companies such as Pfizer, Merck, and Eli Lilly. These companies began by producing basic drugs and vaccines, but over time, they expanded their operations to include more complex and specialized medications.
Role in Healthcare[edit | edit source]
Big Pharma plays a crucial role in the healthcare sector. They are responsible for the development of new drugs and treatments, which are essential for the treatment of various diseases and conditions. These companies invest heavily in research and development (R&D), with the aim of discovering new drugs and improving existing ones.
Criticisms[edit | edit source]
Despite its important role in healthcare, Big Pharma has been the subject of numerous criticisms. These include the high cost of drugs, the lack of transparency in pricing, and the alleged influence of pharmaceutical companies on healthcare policy and practice.
Future Trends[edit | edit source]
The future of Big Pharma is likely to be shaped by several key trends. These include the increasing importance of biotechnology, the rise of personalized medicine, and the growing role of emerging markets.
 | This medical article is a stub. You can help WikiMD by expanding it. |
See Also[edit | edit source]
References[edit | edit source]
External Links[edit | edit source]
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro / Zepbound) available.
Advertise on WikiMD
|
WikiMD's Wellness Encyclopedia |
| Let Food Be Thy Medicine Medicine Thy Food - Hippocrates |
Translate this page: - East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
தமிழ்,
తెలుగు,
Urdu,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
বাংলা
European
español,
Deutsch,
français,
Greek,
português do Brasil,
polski,
română,
русский,
Nederlands,
norsk,
svenska,
suomi,
Italian
Middle Eastern & African
عربى,
Turkish,
Persian,
Hebrew,
Afrikaans,
isiZulu,
Kiswahili,
Other
Bulgarian,
Hungarian,
Czech,
Swedish,
മലയാളം,
मराठी,
ਪੰਜਾਬੀ,
ગુજરાતી,
Portuguese,
Ukrainian
Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.
Contributors: Prab R. Tumpati, MD
