The pharmaceutical industry refers to the sector of the economy that is involved in the research, development, manufacturing, and marketing of medications and other health-related products. This industry encompasses a wide range of activities, including drug discovery, clinical trials, regulatory approval, and commercialization. It includes large pharmaceutical companies, biotechnology firms, and generic drug manufacturers, all of which work to create and deliver medications that improve health outcomes for individuals and populations. The pharmaceutical industry plays a crucial role in public health by developing treatments for various diseases, managing supply chains for medications, and contributing to advancements in medical science.
China's biotech scene is rapidly developing, with significant advancements seen in cities like Hangzhou and Beijing, challenging Western pharmaceutical strongholds. The return of "sea turtles"—internationally trained Chinese scientists—has been pivotal…
The White House is planning cuts in federal health agencies, risking jobs and impacting drug approvals and medical research. Eli Lilly is advancing its GLP-1 weight loss drug, orforglipron, into…