The Pharmaceutical Industry

Abstract

Understanding the actions taken by pharmaceutical firms in order to thwart competition requires the information on how the pharmaceutical sector is constructed. The pharmaceutical market, referred to in this paper, contains all firms that produce or develop pharmaceuticals or compounds that are used to produce drugs and all other participants that interact with those firms for the purpose of selling or purchasing a drug, not regarding other healthcare products. Furthermore, understanding of which market participants exist and how important it is for an economy to keep this sector growing by supporting its production and development, is required to understand anticompetitive actions performed by pharmaceutical innovators.