1.0 Introduction
1.1 General Introduction Pharmaceutical companies are all around the globe. This explains the importance of such an industry. Organic chemistry is the foundation of the
My education in Pharmaceutical will not only make me a professional in the field, but it will as well enable me impact knowledge to other individuals as well as produce future professionals in the…
Strategy: Pfizer is the world’s number one pharmaceutical company. Its best-selling products include Lipitor, the world’s best- selling medicine, and eight of the top twenty-five medicines in the world. Acquisition of successful competitors such as Pharmacia and Warner Lambert has helped Pfizer to offer best-selling products and further differentiate itself from competitors. The acquisition of the latter company helped bring Lipitor under Pfizer’s control.…
The pharmaceutical companies are one of the most desirable occupations in health care today. It includes careers in chemistry, biology, engineering, phlebotomy, research and analization. The main reason for the growing popularity is the prestige and benefits these careers offer. Pharmaceutical careers include jobs in research, manufacturing, and sales. This wide range of occupations starts with entry level operators, all the way up the career ladder to the doctoral level biochemists researching new cancer treatments (2010).…
The pharmaceutical company is made up of a number of different functions and departments. Each of these functions is given a responsibility in one area of the company’s activity. These departments are closely related and the success of the company is based on the ability of these functions to work together. The pharmaceutical companies rely on research and development to find new and innovation new drugs. In order for a drug to enter the market it must undergo a series of tests and clinical trials. There are phases the drug must go through and complete in order to meet the requirements of the FDA. The development of a drug is an ongoing journey, and it can take up to 12 years to develop a drug (Pharmaceutical Patents 2006). The pharmaceutical company uses…
Pfizer, a pharmaceutical company, has been in business since the 1800 's and went global before going global was a common strategy. The decisions made by the management of Pfizer, Inc and the organizational strategies employed throughout the years have had to adapt to the ever changing concept of what it means to be a global company and what management must do to meet the goal of making a profit and corporate expansion.…
Pfizer is a New York City based major drug producer, ranking first in pharmaceutical sales in the U.S., with 2005 revenues of 56.7 billion. With almost 60 billion in Revenue, Pfizer remains the industry's behemoth, overseeing the most ambitious research agenda for any company in the world. Pfizer's is spending on R&D supports 12,000 scientists. Pfizer's research increased 3 percent in 2004, to 7.7 billion, after a 2003 increase of 44 percent that is attributable to the acquisition of Pharmacia. At the end of 2004, Pfizer had 225 projects in 18 therapeutic areas under active development. Pfizer is studying 145 new molecular entities and 80 extensions of existing drugs. An additional 400 compounds are in discovery phase of testing. In 2004, 43 discovery projects advanced into preclinical testing; 23 projects moved from preclinical research into human trials. Pfizer has eight subsidiaries, divisions and affiliates, and has over 120,000 employees worldwide (Pfizer, 2005). There are four main divisions at Pfizer, consisting of Healthcare, Consumer Care, Food Science, and Animal Health. Pfizer manufactures its products in 150 countries. Pfizer has sales offices in every state, and has Corporate Research Center in Groton, CT, Corporate Headquarters in New York, NY and International Headquarters in Nagoya, Japan and Sandwich, England. The executive members of Pfizer coupled with the reviews from Wall Street and the 50 percent cut in company stock in 2001 has forced Pfizer to demand more accountability from all of it's 115,000 employees world wide. Pfizer realizes that their operating expenses, their size, and their attention to detail has suffered due primarily to their size. Pfizer has also accepted that by the year 2010 (Pfizer, 2005). Politicians and Economist believe that Pfizer has to trim some of the fat from the hostile takeover of Warner…
The pharmaceutical industry must always be on the move, always on the edge and always first in creating innovations and products that help extend the life of mankind. The industry faces a need for accelerated investment, in order to deploy the new technologies, for pressing geo-political, economic, environmental and societal reasons.…
use this analysis to find where their market currently. It also helps foresee where the organization…
When setting an objective it is very important to ensure that the objectives are specific, measurable, achievable and realistic and time specific or SMART for short.…
Reporting: within this cycle, results are communicated to management so that actions can be taken to adjust direction and improve performance. This is done for all stakeholders – the general public, politicians, regulators and other interested parties.…
All the medicinal products or dosage forms will contain the drug plus a variety of…
there always has been and will be a need for medicine in our society. Becoming a Doctor of…
This is a report on a marketing plan of SQUARE Pharmaceuticals Limited, it describes how they can be marketed, and established, increased it shares value against other direct or indirect competitor. It describes the ways, strategies & tactics to make their product well accepted in the market. It discusses about their market situation, competitors position, targeted consumers, organizations objectives, this report also includes actions plans to implement to reach it is desired objectives, financial aspects & how can the organization control & evaluate all the related factors in this marketing plan.…
Starting a company or business these days, like many other things, is not an easy task. Multiple steps are required to be followed, in order to fulfill the necessary criterions for a business to be truly successful. Pfizer is a company of enduring strength. According to The Pharma 50 (as cited in Van Arum, 2013), in 2012, Pfizer was rank as the world largest pharmaceutical company by revenue and it is also the world largest research based pharmaceutical company in the world. They have been privileged to play a role in helping millions of people around the world to improve their health and to stay healthy for more than a century. Pfizer have been capable of growing along with the ever-growing human and health science. This worldwide company has helped improve the quality of life all over the world. They have subsidiary companies all over the world which include Pfizer Corporation Hong Kong Limited, Pfizer Croatia d.o.o., and Pfizer Bolivia S.A., just to mention a few. To cover a wide range of health care issues, this company is divided into five different operating business units which include, Primary care; Established Products and Emerging Markets; Specialty Care and Oncology; Consumer Healthcare; and Animal Health (Pfizer Inc., 2014).…
The pharmaceutical industry is praised as one of the leading industrial sectors. The fruits of its extensive research and development are traded worldwide and have improved the length and quality of life of countless individuals. At the same time, however, the industry is criticized for its marketing and pricing practices—and even for its research and development priorities. Industry's consistently high profits and large expenditures on research and development as well as on marketing that foster scrutiny and criticism.…