The global pharmaceutical industry has reached various heights over the past couple of years. Through a string load of inventions, pharmaceutical companies have managed to skyrocket sales and provide better services to customers. Due to the shortage of resources and inventions, only specific companies have gone ahead to take the global stage. By defeating competition and rising to the top, these companies play a unique role in the industry. So to shed credit where it is due, we are going to be looking at some of these companies, hence, here are the four biggest pharmaceutical companies in the world.
The multinational pharma giant
, Pfizer has been clenching onto the title of being the largest in the industry for quite some time. As a research-based company, Pfizer has grown beyond limits turning into a great model for exponential growth and expansion. The company has also received several FDA approvals over the past with specifications lying in oncology. Their best-selling products tend to follow the same pattern and have been at the top as market trends. With a net worth of over $53.7 billion, the company is clearly unstoppable.
Roche, a Swiss pharmaceutical company, was declared as the second biggest with a net worth of over $45.6 billion. The company employees around 94,442 people worldwide and develops innovative drugs for several key indications like oncology, infectious diseases and immunology. Their best-selling drugs, Herceptin, Rituxan and Avastin also happen to be the world’s top cancer drugs. Apart from that, the company also witnessed a sharp rise in growth with the launch of Ocrevus.
3. Johnson & Johnson
Johnson & Johnson is a well-known brand all over the world. The company has been in the game for over 130 years and has gone ahead to become a name to be reckoned with. Their goods like Neutrogena, Listerine and Aveeno are some of their popular products that have created an appeal all over the world. The company’s decision to attribute its acquisition of biopharmaceutical company Actelion back in 2017, was indeed a well-structured plan that resulted in a growth of 12.7%.
Sanofi is a French pharmaceutical company that has been contributing vastly towards the development of the entire sector. Around 25% of its revenue came from Sanofi’s three best-selling drugs, Lantus, an insulin injection for diabetes, Lovenox and Aubagio. While Lovenox was an anticoagulant to prevent blood clots, Aubagio was a daily pill that could treat a form of multiple sclerosis. Their sense of versatility can be taken as an inspiration as the company continues to outshine the competition. Hence, that sums up the list of the four biggest pharmaceutical companies in the world....
02 May, 2020