From revenue to medical care the pharmaceutical companies of Canada have been working to ensure that the best medicines are provided to the patients. There are hundreds of pharmaceutical companies working in Canada. Each and every one has the different approach towards the issues faced by the patients but the end result is the same. The Canadian economy is very much supported by this industry. It has been estimated that in 2016 the pharmaceutical industry generated over 1.13bn Canadian Dollars thanks to the best practices that are followed by the makers of the medicine.
Besides all this, the Canada has medicine listed as one of the biggest export. From innovation to the world class medicine development techniques the industry works at its very best. The pharmaceutical companies also make sure that the revenue generation also remains their priority. The 2.8% annual growth of this sector clearly shows that there is still a lot to achieve. With every passing year the employment opportunities in this sector are increasing. This also ensures that the unemployment rate in Canada is reduced nationally. Though the industry has always been at cross roads with the media it is still thriving. The major pharmaceutical companies of Canada are as follows. These are the ones which have doubled the sales of medicine from 2001 to 2015:
In terms of revenue generation, this company has been regarded as the biggest in Canada. The best time of this company was the year 2009 when it announced the merger of Wyeth. Since then the company has made sure that the best medicine is delivered to the market. The internal matters of the company might not be as good as they seem. The fact is that it is the customer trust that leads this company to these heights. Before 2010 the 77% of the total medicine supply to Canadian hospitals was done by this company. The drastic change in the top brass has to lead the investors to believe that this company is not reliable. Still, the company holds the top with annual sales of $58523 million Canadian dollars.
The total headcount of Novartis is 119,418 as per 2010 stats. Since its establishment in 1996, the company has made sure that rapid progress is made and it is all due to the consumer trust. The development wing of the company has made sure that innovations are applied which the medicine is manufactured. Product growth and the change in the exchange rate have allowed the company to climb the number 2 spot. The complete profile of the company and its #2 spot is also related to the fact that there are several small companies which have been acquired by the company in recent years.
Established in 1989 the company has seen growth as the Canadian market at that time was looking for the vacuum filling. The headquarters is located in Ontario and George Q is the current president of this company. With the best medical technology, this company is sure to get a boost in the coming year. The regional offices are located in Orlando, Xuzhou and Shanghai China.