What is The Pharmaceutical Industry?
Summary
TLDRThe pharmaceutical industry encompasses manufacturers that create drugs, including both original and generic manufacturers. Original manufacturers, also known as research-based companies, focus on developing new drugs and often lead in specific medical areas, investing heavily in branding and sales. In contrast, generic manufacturers produce drugs using expired patents, offering lower-cost alternatives without conducting research. The industry's product range is extensive, covering drugs for human and veterinary medicine, excluding medical devices. Pharmaceutical companies are subject to strict regulations, including pharmacovigilance, risk management, and adherence to good manufacturing practices. Notable industry leaders include Hoffmann-La Roche, Pfizer, Merck, Johnson & Johnson, Bristol-Myers Squibb, Sanofi, Advi, and GlaxoSmithKline, with a combined turnover exceeding $350 billion.
Takeaways
- 💊 The pharmaceutical industry includes companies that manufacture drugs, known as pharmaceutical manufacturers.
- 🔬 Pharmaceutical companies are involved in research and development, manufacturing, and marketing of drugs.
- 🏭 There are two main types of manufacturers: original (research-based) manufacturers and generic manufacturers.
- 🧪 Original manufacturers specialize in specific areas and invest heavily in branding and sales, while generic manufacturers offer drugs at lower prices after patent expiration.
- 📈 Original manufacturers often work with subsidiaries or external manufacturers to produce generics and improve the value-added cycle.
- 🐾 The industry's product range is vast, including drugs for human and veterinary medicine, but not medical devices.
- 🏗️ Pharmaceutical companies can manufacture their products or use contract manufacturers like contract manufacturing organizations (CMOs).
- 📜 Companies are subject to special pharmaceutical laws, including pharmacovigilance and risk management systems, and must adhere to good manufacturing practices.
- 🌍 Each country has its own set of laws and regulations that pharmaceutical companies must follow.
- 💰 The world's largest pharmaceutical manufacturers have a combined turnover of over 350 billion U.S. dollars.
- 📊 The largest companies include Hoffmann-La Roche, Pfizer, Merck, Johnson and Johnson, Bristol-Myers Squibb, Sanofi, Advi, and GlaxoSmithKline.
Q & A
What is the pharmaceutical industry?
-The pharmaceutical industry consists of manufacturers, also known as pharmaceutical companies, that produce drugs. This includes a range of activities from research and development of new active ingredients to the manufacturing and marketing of pharmaceuticals.
What are the two main groups pharmaceutical manufacturers can be divided into?
-Pharmaceutical manufacturers can be divided into two main groups: original manufacturers, also known as research-based manufacturers, and generic manufacturers.
What characterizes original manufacturers in the pharmaceutical industry?
-Original manufacturers are characterized by conducting pharmaceutical research and development of new drugs. They often specialize in selected indication areas where they are market leaders and invest heavily in branding and sales.
What is the primary difference between generic and original manufacturers?
-Generic manufacturers typically do not conduct research but use active ingredients for which patent protection has expired. They can offer drugs of the same quality at significantly lower prices due to lower research and development costs.
How do original manufacturers work with generics?
-Original manufacturers often work with subsidiaries that produce generics or cooperate with external generics manufacturers to improve the value-added cycle of their active ingredients.
What types of products are included in the pharmaceutical companies' product range?
-The product range includes a wide variety of drugs for both human and veterinary medicine, such as finished drugs, blood preparations, serums, vaccines, in vivo diagnostics, allergen preparations, and drugs for novel therapies like gene therapeutics and biotechnologically processed tissue products.
What are some examples of novel therapies mentioned in the script?
-Examples of novel therapies include gene therapeutics, somatic cell therapeutics, and biotechnologically processed tissue products.
What is not considered a medicine by pharmaceutical companies?
-Medical devices such as bandages, catheters, or artificial joints are not considered medicines, even if some pharmaceutical companies manufacture them.
What are the special obligations that pharmaceutical companies are subject to?
-Pharmaceutical companies are subject to special pharmaceutical law obligations, which include the implementation of a pharmacovigilance and risk management system, as well as a quality management system in accordance with good manufacturing practices for clinical trials.
What are the largest pharmaceutical manufacturers in the world?
-The world's largest pharmaceutical manufacturers are currently Hoffmann La Roche, Pfizer, Merck, Johnson and Johnson, Bristol-Myers Squibb, Sanofi, Advi, and GlaxoSmithKline.
What is the combined turnover of the mentioned largest pharmaceutical manufacturers?
-Together, these companies have a turnover of more than 350 billion U.S. dollars.
What are the different types of manufacturers that can produce medicines?
-Medicines can be manufactured by the pharmaceutical company themselves or by contract manufacturers, such as a contract manufacturing organization.
What is the role of pharmacovigilance in the pharmaceutical industry?
-Pharmacovigilance is a system that monitors the safety of drugs and ensures that the benefits of using a medicine outweigh any potential side effects or risks once it is available to patients.
Outlines
💊 Introduction to the Pharmaceutical Industry
This paragraph introduces the pharmaceutical industry, explaining that it is made up of companies that manufacture drugs. The industry encompasses a range of activities from research and development of new drugs to manufacturing and marketing. It differentiates between original manufacturers, who are involved in the development of new drugs and typically specialize in certain areas, and generic manufacturers, who produce drugs using expired patents, often at lower costs. The paragraph also touches on the various types of medicines produced, including human and veterinary medicines, and the regulatory requirements that pharmaceutical companies must follow. It concludes with a mention of the world's largest pharmaceutical companies and their combined turnover.
Mindmap
Keywords
💡Pharmaceutical Industry
💡Pharmaceutical Manufacturers
💡Research and Development (R&D)
💡Original Preparations
💡Generics
💡Marketing Authorization Holder
💡Pharmacovigilance
💡Good Manufacturing Practice (GMP)
💡Veterinary Medicine
💡Novel Therapies
💡Contract Manufacturing Organization (CMO)
💡Regulations and Guidelines
Highlights
The pharmaceutical industry includes companies that manufacture drugs.
Activities in the industry range from R&D of new drugs to manufacturing and marketing.
Pharmaceutical manufacturers are divided into original and generic manufacturers.
Original manufacturers are research-based and specialize in certain indication areas.
Original manufacturers invest heavily in branding and sales.
Generic manufacturers do not conduct research but use expired patent ingredients.
Generic drugs are offered at significantly lower prices than original drugs.
Most generic manufacturers are full range suppliers offering many different active ingredients.
Original manufacturers may work with subsidiaries or external manufacturers to produce generics.
The product range of pharmaceutical companies includes a variety of drugs for human and veterinary medicine.
Pharmaceuticals include finished drugs, blood preparations, serums, vaccines, and more.
Medicines do not include medical devices like bandages or artificial joints.
Pharmaceutical companies can manufacture their own products or use contract manufacturers.
Pharmaceutical companies are subject to special legal obligations including pharmacovigilance and quality management.
Different countries have their own laws, guidelines and regulations for the pharmaceutical industry.
The world's largest pharmaceutical manufacturers have a combined turnover of over 350 billion U.S. dollars.
The largest companies include Hoffmann La Roche, Pfizer, Merck, Johnson and Johnson, and others.
The video provides a comprehensive overview of the pharmaceutical industry and its key players.
Transcripts
[Music]
hi and welcome back to our gcp mindset
channel and all topics on clinical
research
today we'll talk about the
pharmaceutical industry to give you a
small overview
so what is the pharmaceutical industry
more after the break
[Music]
let's dive right in
pharmaceutical manufacturers also known
as pharmaceutical companies and
collectively referred to as the
pharmaceutical industry are
entrepreneurs or companies that
manufacture drugs
the spectrum of activities includes
research and development for new active
ingredients and dosage forms the
manufacture of pharmaceuticals original
preparations or generics and the placing
on the market under one's own name as a
marketing authorization holder or as a
co-distributor
in general pharmaceutical manufacturers
can be divided into two groups original
and generic manufacturers the original
manufacturers are also referred to as
research-based manufacturers and are
characterized by pharmaceutical research
and the development of new drugs
original manufacturers usually
specialize in selected indication areas
in which they are market leaders
they typically invest heavily in
branding and sales generic manufacturers
on the other hand usually do not conduct
any research but use active ingredients
for which patent protection has already
expired
due to the low research and development
costs it is possible for generic drug
manufacturers to offer drugs of the same
quality at significantly lower prices
than is possible for the researching
manufacturers
most generic manufacturers appear on the
market as full range suppliers and offer
as many different active ingredients as
possible in many cases original
manufacturers work with subsidiaries
that produce generics or cooperate with
external generics manufacturers in order
to improve the value-added cycle of
their active ingredients
the product range of the pharmaceutical
companies includes a wide variety of
drugs for both human and veterinary
medicine such as finished drugs blood
preparations serums vaccines in vivo
diagnostics allergen preparations and
drugs for novel therapies for example
gene therapeutics somatic cell
therapeutics biotechnologically
processed tissue products medicines do
not include medical devices such as
bandages catheters or artificial joints
even if some of these are manufactured
by pharmaceutical companies medicines
are either manufactured by the
pharmaceutical company themselves but
they can also be produced by contract
manufacturers like contract
manufacturing organization
pharmaceutical companies are subject to
special pharmaceutical law obligations
implementation of a pharmacovigilance
and risk management system quality
management system in accordance with
good manufacturing practice for clinical
and clinical trials in order to ensure
the quality effectiveness and safety of
their products
every country has its own laws
guidelines and regulations for
pharmaceutical companies which the
companies must adhere to the world's
largest pharmaceutical manufacturers are
currently hoffmann la raj naverties
pfizer merck johnson and johnson
bristol-myers squibb sanofi advi and
glaxosmithkline
together these companies have a turnover
of more than 350 billion u.s dollars
so much for our explanation of what
pharmaceutical companies are
we hope that we could give a good little
overview
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