The pharmaceutical industry refers to the sector of the economy that is involved in the research, development, production, and marketing of medications and pharmaceutical products. This industry encompasses a wide range of activities, including the discovery of new drugs, clinical trials to assess their safety and efficacy, regulatory approval processes, and distribution to healthcare providers and consumers. Companies in the pharmaceutical industry may produce prescription drugs, over-the-counter medications, vaccines, and biotechnology products. The industry plays a critical role in healthcare by developing treatments for various diseases and conditions, ultimately aiming to improve patient health and quality of life. It is characterized by significant investment in research and development, often leading to innovative therapies and advancements in medical science.
BioNTech is transitioning from pandemic defense to a focus on cancer treatment using mRNA technology. 2024 financial results show a profit decline to €1.08 per share, a reduction from €1.90,…