The pharmaceutical industry is a collective term for private companies that develop and research pharmaceuticals. Manufacture and / or market pharmaceuticals.
In Denmark, pharmaceutical companies are united in the trade association “Lægemiddelindustriforeningen”. Companies need to be quick in order to bring new products into existing and new markets. Partly to obtain sufficient benefits from a limited patent period and partly to offset the development costs, which may exceed USD 800 million. per. drug. The issues associated with the effective implementation of research and development are complex and go beyond the scientific aspect alone. The regulatory environment is also a key factor affecting everyone in the process.
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