The pharmaceutical industry refers to the sector of the economy that is responsible for the research, development, production, and marketing of medications and pharmaceutical products. This industry encompasses a wide range of companies and organizations, including drug manufacturers, biotechnology firms, and research institutions. It plays a critical role in public health by providing medicines that prevent, treat, or cure various diseases and medical conditions.
The pharmaceutical industry is characterized by its focus on innovation and scientific research, often involving extensive clinical trials to ensure the safety and efficacy of new drugs before they are approved for public use. It also operates under stringent regulatory frameworks to guarantee compliance with health standards and ethical practices. The industry is vital for advancing healthcare solutions and improving quality of life, but it also faces challenges such as patent laws, high research and development costs, and the need for affordable access to medications.
Merck's stock dropped by 10% due to disappointing forecasts and declining sales. Adjusted EPS for 2025 projected between $8.88 and $9.03, below the expected $9.13. Revenue forecast of $64.1 billion…