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Section A Overview of pharmaceutic assiduity Global pharmaceutic industry covers the achievement of pharmaceuticals and medical articles, wholesale and retail trade, statistical distribution through a gross sales network of drugstores and pharmacies. The pharmaceutical industry in actual countries is one of the most dynamic and remunerative business. At the same(p) time this trade segment regulated by governing body bodies and controlled by insurance firms. Chart 1.1 covert world pharmaceutical corporations, 2007 (Source: The Association of the British Pharmaceutical Industry) CompanyCountry sales ЈGrowth % commercialize place sh ar % Pfizer ground forces22,292-26.7 GlaxoSmithKlineUK18,84715.6 NovartisSWI17,15495.1 Sanofi AventisFRA16,78885.0 AstrazenecaUK15,01094.5 Johnson & JohnsonUSA14,47854.3 RocheSWI13,814184.1 Merck & CoUSA13,63184.1 AbbottUSA9,57082.9 LillyUSA8,335132.5 ahead(p) 10149,920644.9 AmgenUSA8,18812.5 WyethUSA7,94982.4 BayerGER7,020132.1 Bristol-Myers SquibbUSA6,51962.0 Boehringer IngelheimGER6,277111.9 Schering-PloughUSA6,181101.9 TakedaJAP5,47991.6 TevaISR5,300121.

6 Novo Nordisklair3,336181.0 Daiichi SankyoJAP2,92570.9 Leading 20209,093762.6 The competition within the pharmaceutical industry can be best described as Oligopoly. there are comparatively few companies that serve many customers (the conduce 10 pharmaceutical companies control almost 45% commercialize share). However newly patented pharmaceutical products that are alone(p ) are monopolies. When a firm has a patent ! they are the only manufacturing business of the drug until the patent runs out in this case the pharmaceutical company acts as a monopoly in the short terminus of time. During this time the company has a market power; it elbow room that it has the ability to alter the market price of a product. Market Share by contribution Worldwide...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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