Here is a list of the top 10 pharma companies in UK in 2015. There is intense competition in the segment of prescription medicine, and its growth is subject to government controls. Interestingly, price of consumer durables increase at a much higher rate than pharmaceutical prices. Presently within UK, medicines are 21 percent cheaper than it was 10 years ago. In terms of trade surplus, this industry has always ranked amon the top three industries of UK. As a major employer this industry ensures around 73000 people ,their everyday’s bread and butter. Value added per employee is on the rise ,every year. The pharmaceutical market of United Kingdom is undoubtedly fragmented. Only one of the pharma giants has 10 percent market share in UK, and rest are even more smaller than them.
It’s a Public company, established in the year of 1950. Its headquarter is located at Irvine California. David E. I. Pyott is the CEO of the company.
Though its an American pharmaceuticals company. Its scale of operation is spread all across the globe. It area of specialization is Ophthalmology, dermatology, neurology, and also cosmetics and urology. Ireland, Texas, San Jose are few of the many places where its state of art manufacturing hubs are located. On November 17, 2014 the company was acquired by Actavis, and later in the first half of this year Actavis changed the name of the whole entity to Allergan itself. The company acquired MAP pharmaceuticals in the year of 2013 in order to own the specialized operations of the company in the domain of Migraine and other oral neurological researches. The company was part of a large controversy for using foreskin fibroblast in some of its cosmetic products.
To mention few of its well diversified product portfolio, Avage, Privage ,Vivite, Zymar, Acular are most important. The miracle in the area ofneurology, BOTOX belongs to their product portfolio. It’s a wonderful product to treat muscle overactivity disorder. The company own the tradenames like Botox, Cosmetic which are considered to be an ultimate treatment for facial lines.