|This industry is centered around the distribution
of ethical drugs, as in those used for physician’s
prescriptions or hospital order. Biotechnology drugs,
biologics, and OTC are all included under the umbrella
of ethical pharmaceuticals. OTC (or “over
the counter”) drugs are drugs intended for
self-medication that consumers can obtain in either
the retail or the wholesale marketplace.
The pharmaceutical industry is a $400 billion
industry, which presently employs some 3,000,000
people worldwide. It is an industry that sees
a composite growth of 8-10% every year.
The major divisions of the industry are: cardiovascular,
central nervous system, anti-infective, respiratory,
analgesic, cancer, anti-ulcer, dermatological,
diabetes, and vaccination.