Porter Pharmaceutical Analysis

The drugs and pharmaceuticals sector consists of the following components: medicine and botanicals, pharmaceutical preparations, diagnostic substances, and biological products. Selling drugs has always been lucrative, but it will only become better. People are living longer (thanks in part to advancing pharmaceuticals) and spending many years of life in need of a cocktail of drugs creating the kind of demand for products that executives in other industries can only dream about. Rising standards of living in Latin America and Asia equal more money for the pharmaceutical industry. …