CHALLENGES OF MODERN PHARMACEUTICAL BUSINESS
Journal Title: World Science - Year 2017, Vol 1, Issue 9
Abstract
The research-based pharmaceutical industry plays a unique role in developing new medicines and vaccines to prevent and treat diseases, and improve the lives of patients. Its key contribution to medical progress is turning fundamental research into innovative treatments. Indeed, the industry’s success rests on continuous innovation — for the prevention and treatment of common, complex and neglected diseases, and for improvements in existing medicines and treatments. Despite challenging business conditions, the industry undertakes investments that are considerably more risky than those in other high-technology sectors. By investing billions of dollars and thousands of scientist-hours, it pushes the limits of science, improves global health and contributes to the prosperity of society.
Authors and Affiliations
Manana Maridashvili, Sofiko Gvinianidze, Davit Meparishvili
Keywords
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