DEFINATION OF PHARMACUTICAL:
The word "pharmaceutical" is derived from the Latin pharmaceuticus and the Greek pharmakeutikos. By 1648 the word was in the English language and meant, "relating to the pharmacy and the manufacture and sale of drugs," by 1881 it meant "a medicinal drug." The United Nations' World Health Organization definition of a pharmaceutical is "any substance or mixture of substances manufactured, sold, offered for sale, or represented for use in the diagnosis, treatment, mitigation, or prevention of disease, abnormal physical state or the symptoms thereof in man or animal and for use in restoring, correcting, or modifying organic functions in man or animal."
GLOBAL OVERVIEW OF PHARMACUTICAL INDUSTRY:
The pharmaceutical industry is one of the most profitable industries in both the US and Great Britain. Gross Profit margins of some of the leading pharmaceutical companies in recent years has been around 70 to 80 percent
Global pharmaceutical turnover in......
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