GLOBAL PHARMACEUTICAL INDUSTRY

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GLOBAL PHARMACEUTICAL INDUSTRY

GLOBAL PHARMACEUTICAL INDUSTRY

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The global pharmaceutical industry has evolved over a long period of time. The modern pharmaceutical industry can be considered to be highly competitive and non-assembled.  It can be traced to the nascent chemical industry that was developed in the late 19th century, beginning in Upper Rhine Valley, in Switzerland (Holland & Batiz-Lazo, 2004: 9).  The first industry was mainly involved in the production of chemicals that had antiseptic properties. The modern pharmaceutical industry all developed from the Rhine Valley based dyestuff chemical companies like Sandoz, Hoffman-La Roche, and many others.  Most of these companies like Norvatis are still operating today and are considered global force to reckon with in the industry. However, over the time, most of these companies have relocated to other countries following the changing business environment.