Big Pharma is a colloquial term that refers to the large, multinational pharmaceutical companies that dominate the industry. It encompasses major corporations involved in the research, development, manufacturing, and marketing of medications and medical devices. The term often carries a critical connotation, suggesting concerns about the pharmaceutical industry’s influence on healthcare, pricing, regulatory processes, and public policy. Critics argue that Big Pharma prioritizes profit over patient welfare, citing high drug prices, aggressive marketing practices, and lobbying efforts aimed at shaping legislation in their favor. Proponents, however, emphasize the innovation, research, and development these companies contribute to advancing medical science and improving health outcomes.
Eli Lilly's Zepbound sales skyrocketed to $1.9 billion, reflecting a major demand for weight-loss treatments. Competition intensifies in the pharmaceutical market with Novo Nordisk also reporting doubled sales of Wegovy…