This website uses cookies to ensure you have the best experience. Learn more

Pharmaceutical Industry In The United Kingdom

1016 words - 5 pages

INTRODUCTION

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%.[2] 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.

COMPANY PROFILE

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.

Products
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...

Find Another Essay On Pharmaceutical industry in the United Kingdom

Corruption of the Pharmaceutical Industry in America

2914 words - 12 pages of these symptoms, they are "sick" and in need of medication. In some instances, the pharmaceutical industry in the United States misleads both the public and medical professionals by participating in acts of both deceptive marketing practices and bribery, and therefore does not act within the best interests of the consumers. In America today, many people are in need of medical help. In fact,the Federal Trade Commission estimates that 75% of

The Welfare State in the United Kingdom

1960 words - 8 pages The Welfare State in the United Kingdom The United Kingdom is a Welfare State. In a Welfare State, the system of government enables the state to protect and promote the economic and social well-being of all its citizens. The basic objectives of a Welfare State is to foment the principles of equality of opportunity, non-discriminatory access to the wealth of the state and the state responsibility towards those members of the society who are

The tax system in the United Kingdom

1166 words - 5 pages The government of the United Kingdom, likewise the government of many other countries, raises money to spend on public services towards the tax system. The taxes are raised by two different levels of government, the HMRC, Her Majesty’s Revenue and Customs, and the local governments, as Barnet, Islington, Camden, Haringey, among others twenty nine local authorities in London, for instance. While the HMRC deduces taxes through Income tax, National

The United Kingdom in the European Union

1844 words - 7 pages In joining the European Union, the United Kingdom has been affected in many different ways. We have had the advantages and the disadvantages, the benefits and the costs. Advantages to the EU cover many fields; there is greater specialisation and economies of scale, for example the more efficient a firm is in producing their product then the bigger the scale of production leading to higher capital for them and also leading to lower

The 'Fear Years' in the United Kingdom

2565 words - 11 pages governments frequently use punitive policies as a device for confronting the feelings of anxiety and fear brought about by high levels of crime. 2.2 Simon’s Fear Years In his piece Gimme Shelter Jonathan Simon spoke of the ‘fear years’ of the 1970s in the United States, particularly California. The reason for Simon focusing on the 1970s in particular is due to this decade being marred with numerous chilling cases of murder. As Simon puts it

The Indian Pharmaceutical Industry

1976 words - 8 pages Introduction The Indian Pharmaceutical Industry is in the front rank of India’s science based industries. It is a highly organized sector. The Industry is estimated to be of worth $ 4.5 billion, with growth of about 8 to 9% annually. It ranks very high in terms of technology, quality and range of manufactured medicines. From simple headache pills to heavy antibiotics and complex cardiac compounds, almost each and every type of medicine is now

The Pharmaceutical Industry

2339 words - 10 pages Americans are bombarded with advertisements by the pharmaceutical industry with pharmacies on busy street corners, television commercials, magazine ads, as well as advertisements flashing across the computer screen while surfing the internet. They are all declaring the latest breakthroughs that medicine has to offer. In 2004, it was reported the prescription drug industry spent $57.5 billion in advertising

Healthcare in the United Kingdom & US

2134 words - 9 pages Healthcare in the United Kingdom & US The United Kingdom Consists of Northern Ireland, Scotland, England, and Wales and the capital is London. It is culturally diverse and struggles with the same issues as the United States does with multiculturalism. The United Kingdom functions as a Parliament system and their healthcare system is supported by central taxation and some funding by private grants and charities. Whereas, the United States

Legal Drinking Age in the United Kingdom

1367 words - 6 pages The United Kingdom is known for its high volume of alcoholics. It only makes sense that if the adults are drinking, then the teenagers are drinking too. The country has been allowing the young kids to drink since they were five, in private areas, and sixteen in a public place. Although the law has been approved before, some people think that it should not be legal for such young children to drink. The legal drinking age should be at least 18

19th-Century Medicine in the United Kingdom

2345 words - 9 pages 19th-Century Medicine in the United Kingdom Professor comments: In this paper, the student synthesizes several sources about nineteenth-century medicine and medical education into a focused and coherent essay that provides information about aspects of this topic especially relevant to understanding Lydgate's position in Middlemarch: the differences among physicians, apothecaries, and surgeons, both in terms of training and duties on the

Voting Behavior in the United Kingdom

1528 words - 6 pages Voting Behavior in the United Kingdom When voting, people are usually going to vote for their own personal well-being. Although voters may agree that there should be improved services for everyone, when it comes to voting, it is likely they will vote for what is best for them personally I.e. lower tax. This is known as issue voting. E.g. whether a candidate will support a ban on fox hunting. It is agreed that issues do

Similar Essays

Profile Of The United Kingdom And The Logistics Industry

1945 words - 8 pages is still trying to recover from the economic recession of 2008 (CIA). The Economy The United Kingdom has the second largest economy in Europe, after Germany. Lately, the government has been reducing public ownership. Agriculture is a huge industry for the United Kingdom. It is intensive and very mechanical. They can produce about 60% of their food with less than 2% of the labor force. The United Kingdom has coal, natural gas, and oil resources but the oil and natural gas reserves are declining fast. To counteract, services such as banking, insurance, and businesses services count for the largest part of GDP (CIA).

Marketing In The Pharmaceutical Industry Essay

2035 words - 8 pages The pharmaceutical industry has become a chief player in the marketing of their products. As its leading companies have such a strong presence in Ireland, and the fact that its marketing policies are forced to vary from country to country, I found it to be a very appropriate topic. It is a highly regulated industry, governed by different global statutory bodies, each incorporating different laws, which marketers must be aware of. I discuss how

Corruption In The Pharmaceutical Industry Essay

1590 words - 6 pages of other drugs are still being manufactured and our government hasn’t done much to stop it. The pharmaceutical industry has many supporters behind there backs. How they get there supporters to support them is a different story. This is a billion dollar industry and they will do everything to stay at the top. The FDA has approved too many of the pharmaceutical manufactures drugs. But why are they still approving them? The government is in need of

Studiying In The United Kingdom Essay

2532 words - 11 pages income of Azerbaijan comes from oil industry, but other sectors such as mechanical engineering and tourism are developing rapidly. Every year in Azerbaijan several factories and enterprises are opened. I believe after university graduation in the UK, with knowledge acquainted in the United Kingdom i will be useful to my country, with my help and knowledge Azerbaijan will reach the most developed countries in mechanical engineering such as the United