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Takeda Pharmaceuticals

1097 Words5 Pages

Takeda Pharmaceuticals is a very well-known pharmaceutical company, with a layered network. Takeda pharmaceutical has a huge background and luxurious history including many different lawsuits, successful medicine and products, and unsuccessful medicine. Right after the second world war, this pharmaceutical company started to handle products including penicillin and the B1 vitamin. In the year 1985 Takeda was very popular with in the pharmaceutical world. Later becoming one of the first pharmaceutical companies in the world, to produce cancer-fighting drugs (Sykes, 1998, p. 1174). Takeda Pharmaceuticals Company focused strictly on the cancer fighting drug Lupron, a drug that was initially created in the United States and started by Takeda. …show more content…

Entering through these different markets allows the pharmaceutical industry to expand in the service they offer, products used and revenue gained. The pharmaceutical industry has many different complicated barriers to entry, as well as different barriers to exit (Takeda Pharmaceutical Company Limited, n.d.). Obstacles that are put in place that stops different companies from entering into the market to produce different types of the services or gain different products are described to be entry barriers. There are many different types of entry barriers that are known within the pharmaceutical …show more content…

That's normally how they are decided by the public on the scale on which they are approved (Sykes, 1998, p. 1177). Usually the company that produces the lower priced medicines tend to be the more favorable companies allowing the medicines to be reached into the more poverty-stricken areas that are not able to purchase higher-priced medications. Takeda Pharmaceuticals Company's approach to the philosophy of pricing medicine is a strong depiction of expanding affordable healthcare. Takeda Pharmaceutical follows a strict production policy that state their commitment to merging healthcare and traditional science will innovate the worlds medicine (Takeda Pharmaceutical Company Limited, n.d.). This pharmaceutical company believes individually that their research and development will allow the scientific branch of medicine to expand into successful answers and products including medicine, vaccines, and drugs allowed for public use.
Conclusion
The controlling authority of pharmaceutical companies around the world have grown a lot over the years and it's still constantly growing (Carlsson & Hansen, 1982, p. 46). The strength of medicine and today's society is vast. the education and investment needed to successfully produce the amount and quality of medicine need it for the world illnesses are nearly impossible (Sykes, 1998, p. 1180). The best usage of the pharmaceutical companies

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