Big Pharma, Big Business

Sorin-George Toma () and Stefan Catana ()
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Sorin-George Toma: University of Bucharest
Stefan Catana: University of Bucharest

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 1, 677-683

Abstract: Since their birth, human beings have tried to preserve their health in a good condition for as long as it is possible during their life, especially in modern times. The result was not only the appearance and development of the healthcare systems all over the world but also of many international healthcare organizations, non-governmental organizations and pharmaceutical companies. The development of new technologies, the growing elderly population, and the increasing need for complex healthcare products and services have been some of the factors that led to the expansion of Big Pharma at a global level. The aims of the paper are to present and briefly analyze the evolution of Big Pharma by their revenues in the last years. The paper shows the growing importance of the pharmaceutical sector. Also, it illustrates that Big Pharma are powerful companies and make businesses worldwide. Johnson & Johnson was by far the largest global pharmaceutical company by revenue in the period 2016-2020.

Keywords: Big Pharma; pharmaceutical sector; healthcare; revenue; business (search for similar items in EconPapers)
JEL-codes: F23 I00 L69 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:677-683

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