Pharma, short for pharmaceuticals, refers to the branch of the healthcare industry that involves the research, development, production, and distribution of drugs or medications. Pharmaceutical companies are responsible for discovering and developing new drugs, conducting clinical trials, obtaining regulatory approvals, and manufacturing and marketing medications.
The pharmaceutical industry plays a crucial role in improving public health by providing medications to prevent, treat, and manage various medical conditions. Pharmaceutical products can include prescription drugs, over-the-counter medications, vaccines, biologics, and other therapeutic agents.
Pharmaceutical companies collaborate with healthcare professionals, academic institutions, and regulatory authorities to ensure the development and availability of safe and effective medications. It's important to note that the pharmaceutical industry is highly regulated to ensure patient safety and quality standards.