Pharmaceutical Industry Essay Example | Topics and Well Written Essays - 500 words - 1

Pharmaceutical Industry - Essay Example This guarantees the evaluation of all pharmaceutical products in America where the Food and Drug Administration regards them as both safe and effective before the product can be widely distributed and sold (Laws.com, 2013). Failure to understand the medication or conduct thorough clinical trials of the product by a pharmaceutical company in this industry attracts civil lawsuits (Laws.com, 2013). The most popular pharmaceutical companies in this industry include GlaxoSmithKline, Pfizer, and AstraZeneca (Association of the British Pharmaceutical Industry, 2011) where pharmaceutical companies from the United States dominate the industry (WHO, 2014).Pfizer Inc. is one of the largest pharmaceutical companies in the world in terms of revenues. Headquartered in New York City, Pfizer Inc. is an American multinational pharmaceutical corporation and the world's largest research-based pharmaceutical company (Pfizer Inc, 2013). The company does its research in Connecticut, United States. It reco rded US$ 58.98 billion revenues in 2012 (Pfizer Inc, 2013). Johnson & Johnson is another American multinational pharmaceutical company that embraces research and science with an aim of bringing innovative ideas, products and services to advance the health and well-being of people (Johnson & Johnson Services, Inc, 2014). Headquartered in New Brunswick, New Jersey USA, Johnson & Johnson is the world’s largest and most diverse medical devices and diagnostics company (Johnson & Johnson Services, Inc, 2014).