pharmaceutical company
Definition
Noun: A business organization engaged in the research, development, production, and marketing of medicinal drugs.
Usage
This term refers specifically to a commercial entity whose primary business is creating and selling pharmaceutical products, which are substances intended for use in medical diagnosis, cure, treatment, or prevention of disease.
Examples
- The pharmaceutical company announced promising results from its latest clinical trial for a new cancer treatment.
- Several major pharmaceutical companies are investing heavily in research for rare diseases.
- Regulatory agencies closely monitor the safety practices of every pharmaceutical company.
Advanced Usage
- "Big Pharma": An informal, often critical, collective term for the world's largest and most influential pharmaceutical companies.
- The documentary examined the pricing strategies of Big Pharma.
Variants and Related Words
- Drug company: A common synonym.
- The merger created one of the world's largest drug companies.
- Pharma (informal): A shortened form used in industry contexts.
- He has worked in pharma for over twenty years.
- Pharmaceutical firm: A formal synonym.
- Biopharmaceutical company: A company that develops pharmaceuticals derived from biological sources.
Synonyms
- Drug manufacturer
- Pharma corporation
- Medicinal products company
Noun
-
a company that makes and sells pharmaceuticals
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