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How do they choose the best?. Source: https://ru.freepik.com/author/everythingpossible
The pharmaceutical industry continues to grow rapidly, with new drugs being developed, approved and sold all the time, which contributes to market growth. As of the beginning of 2023, the top pharmaceutical companies in the world include such major players as:
- Johnson & Johnson (USA)
- Roche (Switzerland)
- Pfizer (USA)
- Novartis (Switzerland)
- Merck & Co. (USA)
- Sanofi (France)
- GlaxoSmithKline (UK)
- AstraZeneca (UK)
- AbbVie (USA)
- Amgen (USA)
Companies' positions in the ranking may vary depending on various factors, such as revenues, research and development of new methods, as well as deals and mergers in the industry.
How are the best chosen?
The selection of the world's best pharmaceutical companies can depend on various factors, and different researchers and rating agencies may use different methods to assess the success of companies in this industry.
The key factors that are considered are:
- Revenues and profits: Revenues and profits are indicators of the success of pharmaceutical companies. This can include sales of drugs as well as profits from research and development of new drugs.
- Research and development: companies that invest in innovation and new medical technologies are leaders.
- Quality of products: effective and safe medicines that have passed the necessary tests and been approved by regulatory authorities, which guarantees a good reputation for the company.
- Global presence: global operations and important markets can also determine the status of a pharmaceutical company.
- Innovations and technological advances: the development of new technologies and treatments can lead to a company's success in a broader area.
- Agreements, mergers and partnerships with other companies have a positive impact on growth.
- Reputation and public opinion: A company's image, reputation in the community, and respect for various stakeholders have a positive impact on its success.
Managing the best
Ownership of pharmaceutical companies can be distributed among a large number of shareholders. Institutional investors, large funds, have direct influence and control. In addition, there are cases when a company or group of companies may have a controlling stake or shares in other competitors.
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