10 World’s Largest Pharmaceutical Companies
The world “Pharmaceutical” comes from Greek word “Pharmakeia” with the modern translation as “Pharmacia”. We all are aware of many existing pharmaceutical companies as we have used many of their medicines during our sickness phases. Many people owe their lives to many life saving medicines without which they might not have seen another day in their life. Pharmaceutical companies are responsible for discovering new drugs, marketing them as well as getting them licensed for their use as medications. All drugs so produced have to go through a strict process of patenting as well as testing as well as are subjected to all sorts of safety checks as well as a variety of laws as well as regulations. These pharmaceutical companies not only play a very important role in the medicine industry but also play a significant role in the revenue industry as well as the development of a nation. It employs thousands of people per plant as well as thus helps in the GDP of a country. The Indian pharmaceutical industry stands at the third position in terms of volume as well as 14th in terms of value. Though United states is still the largest pharmaceutical market in the world. According to a report by IMS Health the global market size of pharmaceuticals is expected to reach nearly $1.1 trillion in 2014. Though the world might face recession but the pharmaceutical industry is more likely to shine through it and grow more rapidly.
Pharmaceutical industry is growing fast as well as many industries are emerging more prominently among others with their peaking sales as well as healthcare revenues. Here is the list of top 10 world’s largest pharmaceutical companies.
Eli Lilly as well as Company is an American global pharmaceutical company. It has its head office in Indianapolis, Indiana in the United States. It was originated by Eli Lilly in 1876 as well as John C. Lechleiter is the current chairman, president as well as CEO of the company. The world owes Lilly for the first mass-production of Penicillin, Salk Polio vaccine as well as insulin as well as is the major creator as well as dealer of psychiatric medicines in the world. Other drugs produced by Lilly are namely Arzoxifine, Efient, Olanzapine, etc.
9. Abbott Laboratories
Abbott Laboratories is a US based global drugs as well as health care products business employing about 90,000 employees. Its head office is located in Abbott Park, North Chicago, Illinois. It was originated by Dr. Wallace Calvin Abbottin 1888 as well as was then recognized as Abbott Alkaloidal Company. It crops many pharmaceutical crops, medicinal devices,nutritional as well as animal healthcare products. Miles D. White is the chairman as well as CEO of the corporation. Its leading drug is a blocker drug called Humira.
8. Johnson & Johnson
Johnson & Johnson is a US based international company which manufactures healing devices, pharmaceuticals as well as customer packaged goods. It was founded in 1886 by Robert wood Johnson I, James Wood Johnson as well as Edward Mead Johnson. The Company’s HQs is located in New Brunswick, New Jersey. Johnson & Johnson is a foremost name in many national items like Johnson & Johnson baby crops, Neutrogena skin as well as beauty crops, Band-Aid, Clean as well as clear facewashes, etc. Risperdal, the anti-psychotic remedy was the highest seller drug at $4.7 billion. It has gross sales of $24.9 billion as well as net income of $10.6 billion. The other drugs factory-made by it are Bapineuzumab, ceftobiprole, dacogen, procrit, rivaroxaban, topamax, etc
AstraZeneca plc founded on 6th April 1999, finished the merger of the Sweden-based Astra AB as well as the UK-based Zeneca Group, is a Swedish-British international medicinal as well as biologics company. It concentrates in Narrow drugs including Carbocaine, Naropin, Betaloc, Zestril, lexinor, Cubicin, Zomig, Tomudex, as well as a diversity of other medicines in the areas of oncology, neuroscience, gastrointestinal, etc. The acid reflux medicine called Nexium is its foremost product at $5.2 billion. It has the gross sales of $28.7 billion as well as net income of $8 billion. It is also the producer of drugs for fat treatment called Crestor as well as antipsychotic drug called Seroquel.
Hoffmann-La Roche is a Swiss worldwide healthcare company founded by Fritz Hoffmann-La Roche after whom the business is named, in 1896. Its main H.Q. is located in Basel, Switzerland. The other businesses owned by Roche are Genentech, Chugai drugs and Ventana. It was the first company to crop artificial vitamin C at a large scale under the brand name of Redoxon. Its leading drug is Herceptin a medication for breast cancer at $2.8 billion. It has gross sales of $22 billion with net profit of $9.5 billion. The many drugs shaped by Roche include Accutane, Bactrium, cellcept, herceptin, invirase, tamiflu, Rohypnol, etc. It also manufactures a range of Diabetes management foodstuffs under the brand name Accu-check.
GlaxoSmithKline plc is a multinational business based in the United Kingdom commerce in the fields of medicinal, biologics, vaccines as well as customer healthcare. GSK was formed by the merger of Glaxo Wellcome plc as well as SmithKline Beecham plc in the year 2000. It productions products for various illnesses including mental health, diabetes, asthma, cancer, virus control, etc. GSK also productions nutritious products, drinks as well as other healthcare goods like Horlicks, sensodyne, Boost, etc. Its top selling drug at $7 billion is Advair used for asthema as well as chronic obstructive pulmonic disorder action. It has maintained its primary status with its medical sales of $38.5 billion as well as net salary of $10.6 billion.
Merck & Co., Inc. is an American therapeutic business with its HQs located in Whitehouse Station, New Jersey. Kenneth Frazier is the chairman, president as well as CEO of the business as well as it was created in 1891 as a lesser of Merck KGaA. It came obtainable as an autonomous company in 1917 after being confiscated by US Government during World War I. Merck is also the publisher of world’s largest selling medical textbook called the Merck Physical of judgement as well as therapy as well as a series of other health reference books. The various drugs manufactured by it are Vioxx, Mectizan, Cordaptive, isentress, etc. The company is been sued for its drug called Propecia whose side effects include persistent sexual dysfunction, loss of libido, Peyronie’s disease, etc. of which the patients were not prepared.
Sanofi-Aventis, a French international pharmaceutical company has its headquarters in Paris, France. It is involved in research as well as development as well as manufactures pharmaceutical products to be sold chiefly in the medicine market. Over-the-counter medications are also industrialized by the company. Its leading drug at $3.6 billion is the coagulation medication Lovenox. Sanofi-Aventis has gross sales of $38.5 billion as well as a net income of $9.7 billion. The various drugs factory-made by the company are aflibercept, jevtana, Humenza vaccine, iniparib, otamixaban, etc. in the numerous areas of oncology, cardiology as well as virology. Sanofi-Aventis was formed in 2004 by the merger of Aventis as well as Sanofi-Synthélabo as well as later in 2011 changed the name to Sanofi. Its various companies in other sectors include Sanofi Pasteur in Vaccine commercial as well as Merial in animal healthcare.
Novartis International AG, a multinational medicinal company is based in Basel, Switzerland. Novartis has been on the face of the pharmaceutical industry for about 250 years owing to its formation by merger of Swiss businesses Ciba-Geigy and Sandoz Workrooms in 1996. Novartis produces a range of products counting vaccines, contact lenses, over-the- counter drugs, veterinary medicines, etc. Novartis is a builder of drugs counting clozapine, diclofenac, carbamazepine, valsartan (Diovan) and Glivec. Diovan is the highest selling medication by the company used for hypertension medication at $ 5 billion and had pharmacological sales of $25.5 billion and a net income of $12 billion. Novartis is complex in various controversies, the biggest of them being the alleged launching of a court case against India in 2006 seeking the embargo of progress of generic medicines based on patented medicines. Novartis claimed that the fear needed a new patent to protect its deal on the anti-cancer medicine called Glivec which was refused by IPAB. It has been create that the generic medicines cost only Rs. 8500 as opposed to Glivec that costs the cancer patients about Rs. 130,000 per month. Also it committed sexual perception against 12 female sales governments which was criticized worldwide.
Pfizer is the world’s largest research-based pharmaceutical manufacturing based in the United States of America. Its research HQs is located in Groton, Connecticut. Pfizer has industrialised many tablets as well as inoculations like Sutent, Zithromax, apixaban, Macugen, Lyrica, latreperdine, etc. in the areas of oncology, contagions as well as infestations, cardiology, opthamalogy, neurology as well as psychiatry. The Pfizer Company’s top vending drug is the cholesterol drug namely Lipitor at $12.7 billion. Pfizer has $44.4 billion in pharmaceutical sales as well as has gained a net profit of $8 billion. The company was founded in 1849 in New York City by colleagues Charles Pfizer as well as Charles Erhart. The discovery of Terramycin in 1950 paved the pathway of the company’s growth from a small-scale chemical company to becoming the world’s largest pharmaceutical industry. Pfizer also was involved in quite many controversies including lawsuits that stood filed against it for illegal marketing of the arthritis drug Bextra, experimenting a new drug during a cholera outbreak in Nigeria on children which led to the death of about 50 children as well as one of its acquired companies called Quigley which sold asbestos-containing filling products for years; a clearing deal is being negotiated till date amongst the asbestos dead as well as Pfizer.