The pharmaceutical industry finds, develops, manufactures, and sells pharmaceutical drugs or medical devices to be prescribed to patients, with the purpose of helping them to cure them of their ailments, either to relieve them of them completely. Pharmacists can sell both brand-name and generic medicines as well as medical devices either in physical or virtual pharmacies such as www.canadapharmacy.com. In addition, they can also sell drugs that are not yet approved by the Food and Drug Administration (FDA) for sale. Such drugs are known as off-patent drugs.
The pharmaceutical industry is an integral part of our lives. However, there are many misconceptions about its functions and nature in society. Many people believe that the pharmaceutical industry is a source of wealth for pharmaceutical engineers. They are rewarded with high salaries, office space, perks, and other benefits. The healthcare industry uses the technology they create to develop better drugs. However, these assumptions are not entirely true. Although the pharmaceutical industry plays an important role in society, some sectors are more profitable than other.
In reality, the pharmaceutical industry plays the most crucial role in the healthcare system. For instance, it comes up with new medications every now and then that can help physicians treat and prevent diseases like cancer and diabetes. It devises methods to make these newly-discovered drugs more affordable so that ordinary people can purchase them. This helps to reduce the costs incurred by the health system for providing these medications.
Indirectly, the pharmaceutical industry supports many public programs that promote the elimination and control of drugs that have adverse effects on the community. These programs include AIDS treatment, vaccination against measles, polio and other harmful viruses. The U.S. Food and Drug Administration does not regulate the manufacture of prescription drugs. They only regulate the production for a limited number of drugs that are used to treat one disease. There is no limit to the number of drugs pharmaceuticals can make.
Moreover, another function performed by pharmaceuticals is that they provide services to patients suffering from serious diseases. The market penetration of prescription drugs has significantly increased in the United States, as people suffer from various ailments and do not have access to traditional medicine. For example, in the case of AIDS patients, it took decades before they could receive drugs to treat their illness. However, the United States Food and Drug Administration guarantee that these drugs will be made available to those who need them. This is in line with what the World Health Organization or WHO advises: that drugs should be made available to all who need them so that they can fight against deadly diseases like AIDS.