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Order actavis promethazine codeine online pharmacies, in which most of the drugs in group originated, were among the top 10 in terms of total revenue 2011 (U.S. Drug Enforcement Administration, 2012a).
The top of chart (Figure 4) lists drugs produced by only one company, U.S. Pharmaceutical Care, whereas the bottom (Figure 5) lists drugs manufactured by three companies (NuvaRing, Adderall XR, and Vicodin xr). The number of drugs produced by all three companies represents 30% of the total US pharmaceutical market in 2011, and 20% of the global market (U.S. Drug Enforcement Administration, 2012b). The two companies together account for 75% of the total U.S. market and 48% of the global market.
Figure 4. Top 5 U.S. pharmaceutical companies by revenue in 2011
Figure 4. Top 5 US pharmaceutical companies by revenue in 2011 Source: USDEA
Figure 5. Top 10 most popular drugs in 2011, US drug makers
Source: Global Business Intelligence
These figures are indicative of how lucrative the international pharmaceutical market can be for the top U.S.-based pharmaceutical companies. This has been the case on an economic scale since the late 1970s, before current drug pricing legislation emerged, and continues to be the case today.
The pharmaceutical market also provides considerable opportunities for the U.S. firms, as companies in the industry are often keen to have more employees in the U.S. and invest more money in the U.S., as they receive tax-free interest from those who hold stocks in the U.S.-based company. industry therefore needs a significant amount of skilled workers, including not only those in sales positions, but also a number of mid-level managers whose responsibilities include managing and staffing sales distribution channels in the U.S. U.S.-based pharmaceutical firms have, in response to this, increasingly recruited and engaged employees from other countries, including developing which is also reflected in the global distribution of patents (U.S. Pharmaceutical Care, 2012c). U.S. multinational firms typically have a substantial investment in development efforts developing countries and also invest on average 18% of their total revenue in developing countries (U.S. Pharmaceutical Care, 2012c). This amounts to around $4.2 billion USD, according to U.S. Drug Enforcement Administration (2012b).
U.S. pharmaceutical firms have also sought to strengthen their competitive position by signing non-compete agreements with some of their key competitors, which give them broad access to a company's intellectual property. This approach also has its effects on other companies who have agreements in place with them (U.S. Pharmaceutical Care, 2012c). The fact that major pharmaceutical companies also possess patents, a tool used to exclude rival products from making generic pharmaceuticals, gives them a great advantage over both smaller and developing-country firms (U.S. Pharmaceutical Care, 2012c; Ravi Sood and Amit Jain, 2010; D'Souza et al., 2012).
Some of the countries U.S. multinational pharmaceutical firms export to, such as India, Mexico, and Thailand, are characterized by significant health-care shortages, as the U.S. pharmaceutical industry currently exports approximately 1.2-2.0 million kg of pharmaceuticals per year (Vaughan, 2011). The importance of these countries for U.S. pharmaceutical firms' growth strategies is highlighted by the fact that number of U.S. companies exporting to these countries is on the increase, and their total market share in exporting to these where to buy codeine promethazine cough syrup uk countries has increased by 8-17% over the past five years (Vaughan, 2011).
The pharmaceutical industry offers many economic advantages for both domestic and foreign firms. However, as indicated above, the pharmaceutical industry's current focus has been on the U.S. market. This could change soon, as more information is known about the pharmaceutical and medical device industries in other countries.
About the Author
Andrew W. generic cialis canada pharmacy Saul, Ph.D., is Professor Emeritus in the Department of Political Science and a Research Associate at the Stanford Center on Linguistic and Promethazine 25mg $62.94 - $0.7 Per pill Cultural Change.
Anand, D. and B. Mehta.
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