Pharmaceutical industry in the United Kingdom
The pharmaceutical industry in the United Kingdom directly employs around 72,000 people and in 2010 contributed £8.4 billion to the UK's GDP and invested a total of £3.9 billion in research and development. In 2007 exports of pharmaceutical products from the UK totalled £14.6 billion, creating a trade surplus in pharmaceutical products of £4.3 billion.
The UK is home to GlaxoSmithKline and AstraZeneca, respectively the world's fifth- and sixth-largest pharmaceutical companies measured by 2010 market share. Foreign companies with a major presence in the UK pharmaceutical industry include Pfizer, Novartis, Hoffmann–La Roche and ...view middle of the document...
23 billion in 2006–07 to US$8.7 billion in 2008–09 a combined annual growth rate of 21.25%. According to PricewaterhouseCoopers (PWC) in 2010, India joined among the league of top 10 global pharmaceuticals markets in terms of sales by 2020 with value reaching US$50 billion.
GSK is one of the world's leading research-based pharmaceutical and healthcare companies, developing and supplying medicines to improve patients' quality of life. We employ more than 97,000 people in over 100 countries. We make prescription medicines, vaccines, over-the-counter medicines, oral care and nutritional healthcare products. We produce medicines that treat major disease areas including – asthma, virus control, infections, mental health, diabetes, cardiovascular and digestive conditions. In addition, we are a leader in the important area of vaccines and are developing new treatments for cancer. We are proud of our strong, open relationship with the NHS and our British heritage. We have a challenging and inspiring mission: to improve the quality of human life by enabling people to do more, feel better and live longer. This mission gives us the purpose to develop innovative medicines and products that help millions of people around the world.
GSK produces and sells a wide range of prescription-only and over-the-counter products, including drinks and toothpastes (see sidebar, right). According to its website, it manufactures and distributes over four billion packets of products to over 150 countries every year, and nearly 900 million doses of its vaccines were distributed to 170 countries in 2012. Its top-selling prescription drugs include the anti-depressant Paxil, which by 2012 had attracted $11.6 billion in sales, the diabetes drug Avandia at $10.4 billion, the anti-depressant Wellbutrin at $5.9 billion, the asthma drugs Advair, Flovent andVentolin, and an H2 antagonist, Zantac.
The company's over-the-counter health-care products include Abreva to treat cold sores; Aquafresh, Maclean's and Sensodyne toothpastes; Night Nurse, a cold remedy; Breathe Right nasal strips; and Nicoderm and Nicorette nicotine replacements. It also sells several drinks, including Horlicks, a malted milk drink and Boost, a chocolate-flavoured drink, and formerly sold...