Innovation and industry consolidation are driving sales for the Pharmaceuticals sector, worldwide. Deloitte’s Global Life Sciences Outlook expects sales to improve further over the next four years, and the industry to grow at an average of 4.4 percent annually. In this article…
Innovation and industry consolidation are driving sales for the Pharmaceuticals sector, worldwide. Deloitte’s Global Life Sciences Outlook expects sales to improve further over the next four years, and the industry to grow at an average of 4.4 percent annually. In this article we list some of the largest pharmaceutical companies in the world, who are driving that growth.
1. Johnson & Johnson
American multinational Johnson & Johnson was founded in 1886, and started out as a seller of ready-to-use surgical dressings. Through several strategic acquisitions over the years, the company has grown to form three divisions – Consumer Healthcare, Medical Devices and Pharmaceuticals. The global Pharmaceuticals division of Johnson & Johnson reported sales of $9.7 billion for the third quarter of 2017. Known worldwide for over the counter products such as Tylenol, and baby care and beauty brands such as Neutrogena, Johnson & Johnson is one of the largest pharma companies in the world.
Headquartered in Basel, Switzerland, F. Hoffmann-La Roche AG (Roche) is a pharmaceuticals and diagnostics company. It was the first company in the world to mass-manufacture synthetic Vitamin C, which was marketed under the brand name Redoxon. A series of acquisitions in the pharmaceuticals as well as diagnostics sectors, over several decades, have enabled the Roche portfolio to strengthen its offerings across drug discovery, drug development and clinical sequencing. Roche is also the only company to have received authorization by the FDA to manufacture the antiviral agent, Tamiflu.
Pfizer is a US-based pharmaceuticals company whose portfolio includes consumer healthcare brands such as Advil and ChapStick. The company develops and markets medicines and vaccines that are used in several medical disciplines such as cardiology, oncology and neurology. Some of the company’s best performing products include cancer drug Ibrance, which generated revenue of $878 million in the third quarter of this year, and smoking cessation medication, Chantix.
Swiss multinational Novartis International AG is one of the largest pharmaceutical companies in the world by sales. Founded in 1996, the company was formed after a merger between Ciba-Geigy and Sandoz Laboratories. Novartis is much younger than other multinational pharma giants such as Pfizer and Johnson & Johnson. The pharmaceutical giant employs over a hundred thousand employees worldwide, across three operational divisions – Pharmaceuticals, Alcon, and Sandoz.
Bayer’s trademark product, Aspirin has been a household name for decades. The German company which was founded in in 1863 currently operates across several divisions – Pharmaceuticals, Bayer CropScience, Consumer Health and Animal Health.
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