With the top pharmaceutical companies in the world, it stands to be a better place. These pharmaceutical companies of the world have been striving vehemently in saving the world from the ranging infections and illnesses.
And also, through these companies better treatment and medical devices are manufactured.
As of 2019, about 1.12 trillion US dollars was the worth of the pharmaceutical market according to Statista.
These pharmaceutical companies in the world have positive economic impacts on the different countries they are situated in and at the world at large.
The global pharmaceutical industry is expected to witness positive growth as the top pharma companies are at the forefront of this pandemic.
The world depends on these companies during devastating health crises for solutions and they always would deliver at the appropriate time. As of 2019, this led to many pharmaceutical companies in the world successfully developing drugs and vaccines against Covid-19 and rolled these out across the world.
Introduction on the pharmaceutical companies in the world
The pharma industry comprises companies that engage in research and development, manufacturing, marketing, and distribution of pharmaceutical products including chemicals and biological drugs for human and veterinary use as well as traditional herbal products, medical devices, and cosmetics.
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The best top 10 pharmaceutical companies in the world play major roles in the impact the world feels both economically and otherwise.
Best top 10 pharmaceutical companies in the world
The pharmaceutical companies in the world are rated based on the revenue generated. Let’s take a look at these world pharma companies;
|Rank||pharmaceutical companies in the world||Revenue generated(2020)||Headquarters|
|8||Bristol Myers Squibb||$42,518,000,000||USA|
China National Pharmaceutical Group Co., Ltd. (Sinopharm) is a large healthcare group directly under the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, with 128,000 employees and a full chain in the industry covering R&D, manufacturing, logistics, and distribution, retail chains, healthcare, engineering services, exhibitions and conferences, international business and financial services.
Sinopharm owns over 1,100 subsidiaries and 6 companies. The past years witnessed Sinopharm’s steady and sound development. From 2009 to 2018, the CAGR of revenue and total assets reached 24.24% and 30.54% respectively. Sinopharm ranked 169th in Fortune Global 500 and the revenue of 2018 amounted to nearly 400 billion yuan.
Among the pharmaceutical companies in the world, Sinopharm has built a nationwide logistic and distributing network for drugs and medical devices and equipment, including 5logistic hubs, more than 40 provincial-level centers, and over 240 municipal-level logistic sites.
As the world’s 6th largest vaccine manufacturer, Sinopharm is able to produce all the vaccines in the National Vaccination Program and is the supplier of over 80% of vaccines used in the Expanded Program on Immunization in China.
Address: No.20 Zhichun Road, Haidian District, Beijing, China
Roche Pharmaceuticals is focused on translating excellence in science into effective medicines for patients.
It combines cutting-edge research at Roche, Genentech in the US, Chugai in Japan, and over 150 partners worldwide with global scale and reach in clinical development, manufacturing, and commercial operations.
Roche stands among the best pharmaceutical companies in the world and Focusing on oncology, immunology, ophthalmology, infectious diseases, and neuroscience, we firmly believe in the tremendous potential to translate science into therapies that reduce human suffering and help people live longer and healthier lives.
Address: Grenzacherstrasse 124 Basel, 4070 Switzerland
Novartis is structured to deliver innovative products, exploit global scale, and respond to new opportunities and risks. Novartis was created in 1996 through a merger of Ciba-Geigy and Sandoz.
It is made up of two business units namely; Novartis Pharmaceuticals which includes Novartis Gene Therapies, and Novartis Oncology.
Their Innovative Medicines Division commercializes innovative patented medicines to enhance health outcomes for patients and healthcare professionals.
Novartis is present in 155 countries of the world and their products in over 160 countries around the globe.
Address: 1 Novartis Campus Basel, CH-4056 Switzerland
Merck was founded by George Merck and had been in existence for 130 years, Merck (known as MSD outside of the U.S. and Canada) has been inventing for life, bringing forward medicines and vaccines for many of the world’s most challenging diseases in pursuit of our mission to save and improve lives.
They demonstrate commitment to patients and population health by increasing access to health care through far-reaching policies, programs, and partnerships.
Address: 2000 Galloping Hill Road Kenilworth, NJ 07033 U.S.A.
AbbVie may have been founded in 2013, but its roots run deep. In 2013, they became a separate company from Abbott, though still share a common legacy and strong prospects for future success.
They blend the stability, global scale, resources, and commercial capabilities of a pharmaceutical company with the focus and culture of biotech.
AbbVie has 48,000 employees which are scientists, researchers, communicators, manufacturing specialists, and regulatory experts located around the globe.
They target specific difficult-to-cure diseases where they can leverage their core R&D expertise to advance science.
Address: 26525 North Riverwoods Blvd.
Janssen is among the Pharmaceutical Companies of Johnson & Johnson, working tirelessly to make that future a reality for patients everywhere by fighting sickness with science, improving access with ingenuity, and healing hopelessness with heart.
They focus on areas of medicine where they can make the biggest difference: Cardiovascular & Metabolism, Immunology, Infectious Diseases & Vaccines, Neuroscience, Oncology, and Pulmonary Hypertension.
Address: 1125 Trenton-Harbourton Road Titusville, NJ 08560
GlaxoSmithKline has a broad portfolio of innovative and established medicines in respiratory, HIV, immuno-inflammation, and oncology. They are strengthening their R&D pipeline through a focus on immunology, human genetics, and advanced technologies to help us deliver transformational new medicines for patients.
The global pharmaceuticals market is vast. The US remains a priority market for growth with other key growth areas including emerging markets and Asia Pacific regions.
Address: 980 Great West Rd, London TW8 9GS, United Kingdom
Bristol Myers Squibb
This is among the outstanding pharmaceutical companies in the world founded by Dr. Squibb who graduated from Philadelphia’s Jefferson Medical College.
He spends a decade as a surgeon in the U.S. Navy, an experience that impresses upon him the urgent need for high-quality, standardized medicines.
Bristol Myers Squibb focuses to discover, develop and deliver innovative medicines that help patients prevail over serious diseases and also has the vision to be the world’s leading Biopharma Company that transforms patients’ lives through science.
Address: 345 Park Avenue, NY 10154 New York, United States
Pfizer Inc. is an American multinational pharmaceutical and biotechnology. The name of the company commemorates its co-founder, Charles Pfizer.
Pfizer develops and produces medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology. The company has several blockbuster drugs or products that each generates more than US$1 billion in annual revenues.
Pfizer was a component of the Dow Jones Industrial Average stock market index from 2004 to August 2020
Address: 235 East 42nd Street New York, NY 10017
Originally, the company was established in 1973 and merged with Synthélabo in 1999 to form Sanofi-Synthélabo.
In 2004, Sanofi-Synthélabo merged with Aventis and renamed it to Sanofi-Aventis, which were each the product of several previous mergers.
Sanofi engages in the research and development, manufacturing, and marketing of pharmaceutical drugs principally in the prescription market, but the firm also develops over-the-counter medication.
The company covers seven major therapeutic areas: cardiovascular, central nervous system, diabetes, internal medicine, oncology, thrombosis, and vaccines.
Address: 82, Avenue Raspail Gentilly, 94255 France
Conclusion on the pharmaceutical companies in the world
The list of pharmaceutical companies in the world is worth knowing and is open for investors and researchers.
Millions are invested in these companies from time to time to make sure researches go on at a very high pace with all requirements for efficiency.
These companies impact alongside other pharma companies scattered around the globe in making sure that indeed the world remains a better place can never be overestimated.