Pharmaceutical Companies play an important role in society. Health is the top priority of every person, and no one compromises on health no matter what their standard of living is. To cover such an audience, pharmaceutical companies have to maintain their profit margin at a standardized level.
After the advancement in technology, the field of medicine has also advanced at a great level. Introduction of better formulae opened doors to better health standards. A few years back, 1 out of 5 babies would survive their first two years. Cancer was untreatable. Many people died due to malaria and many more due to war wounds as there was no treatment of bacteria.
People like Alexander Fleming dedicated their lives to studying medicine and introduced antibiotics and other ways to treat diseases that were untreatable at that time. After this advancement, pharmaceutical companies took over this field and now, hold a good share in the market.
Here we will talk about the Top 10 Pharmaceutical Companies of 2018 with the highest revenues.
1. Johnson & Johnson
Johnson & Johnson is based in New Jersey, US. It is a pharmaceutical company operating in the fields of pharmacy, medical devices, and customer care services.
This company earned a total revenue of $81.6bn in 2018. It includes many household medication and first-aid products in its inventory for example “tear-free baby shampoo.”
This Swiss pharmaceutical is the 2nd largest in the world in 2019. It has over 90,000 employs worldwide.
This company earned a total revenue of about $57.2bn in 2018. This company develops innovative drugs. This company has the best selling drugs which also are in the world’s top cancer drugs.
It is the world’s largest pharmaceutical company which is in Connecticut, USA. This company had a very successful year in 2018. This company is worth $53.7bn.
This company has received many FDA approvals, and many of its best selling products have been patenting protected. Some of the best selling products of this company are Ibrance and Eliquis.
It is one of the leading companies in Switzerland. This company comfortably makes on the top list of 2019.
This company’s revenue grew by 5.8% compared to 2017. Some of the top selling products of this company are ‘blood pressure drugs.’ The most recent best selling drug is Gilenya.
5. Merck & Co.
It is an American company which secures a spot in the top 5 best company in the world 2018. This company has developed products like drugs, vaccines, and biologics. This company is known as MSD outside of North America.
This company had impressive revenue growth of 12.2% from 2017. Its best selling drug is called ‘Keytruda.’
GlaxoSmithKline or GSK is most famous for its toothpaste ‘Sensodyne.’ It is a successful British pharmaceutical company that always comes up with innovative drugs.
The company generated a total of $43.1bn in 2018.
Sanofi is a French pharmaceutical company. This company generated total revenue of $39.07bn in 2018 with a 7.1% increase than last year.
Sanofi’s three best selling drugs are Lantus which is an insulin injection for diabetes, Lovenox, an anticoagulant to prevent blood clots, and Aubagio, a pill to treat a form of sclerosis.
8. AbbVie Inc.
AbbVie is an American company that generated total revenue of $32.8bn in 2018, with a 16.2% increase as compared to 2017.
One of their most anticipated drugs is upadacitinib that treats atopic dermatitis.
9. Bayer AG
This German-based company earned revenue of $45.27bn in 2018. This company focuses on pharmaceutical, consumer, crop and animal health.
10. Eli Lilly and Co.
Majority of Eli Lilly’s revenue comes from the US that is $24.55bn. This company is focused on oncology, bio-medicines, and diabetes.