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3 Facts About the Pharmaceutical Industry

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1

The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications.

A drug is any substance other than food, that when inhaled, injected, smoked, consumed, absorbed via a patch on the skin or dissolved under the tongue causes a physiological change in the body.

A pharmaceutical drug is a drug used to diagnose, cure, treat, or prevent disease.

The Pharmaceutical Industry by NorthwesternU

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2

Pharmaceutical companies may deal in generic or brand medications and medical devices.

A brand is a name, term, design, symbol, or other feature that distinguishes an organization or product from its rivals in the eyes of the customer.

Big Bucks, Big Pharma {Documentary on the Pharmaceutical Industry} by MADGUNS FOREVER™

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3

They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy and marketing of drugs.

A patent is a set of exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention.

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