Overview on Pharmaceutical Industry
There are various Pharmaceutical Industries all over the globe who delivers and manufacture the drugs where are advantages beyond a typical CMO (Contract Manufacturing Organization) to the drug product market. Many prominent pharmaceutical developers and manufacturers have a large and different scientific team who brings a broad depth of knowledge and experience. Pharmaceutical Industries are manufacturing significant difference in their products from the development phases to commercialization. A detailed analysis of the industry structure of contract manufacturing, contract research, and contract packaging has been conducted. Revenues are broken down by type of industry. Sales figures are estimated for the five-year period from 2013 through 2018. The United States is currently spending almost $250 billion a year for prescription drugs. If drugs were sold in a competitive market, without government-imposed patent monopolies, this might achieve savings up to $200 billion a year.