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An Overview of the Uk Pharmaceutical Industry

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An Overview of the UK Pharmaceutical Industry

The Pharmaceutical Industry in the UK is the second largest contributor to Gross Domestic Product behind Financial Services. There are several very big players in the UK with GlaxoWelcome & SmithKline Beecham who merged in January 2000 to become Glaxo SmithKline and AstraZeneca being the two largest UK based companies.

Almost all the other major pharmaceutical companies operating in the UK have undergone or are in the process of undergoing mergers and acquisitions, including AstraZeneca, Pfizer and Warner Lambert, Shire and Roberts, and Celltech with Chiroscience and Medeva.

The UK pharmaceutical market is a successful, research-driven, high-technology industry. The UK market is dynamic and increasingly competitive and, it ranks third after Germany and Switzerland in the global pharmaceutical industry rankings in terms of trade balance. According to the Association of the British Pharmaceutical Industry (Abpi), the industry employs around 75,000 people, of whom over 25% are graduates.

Introduction to AstraZeneca

AstraZeneca is one of the world’s leading pharmaceutical companies, with a major presence in the UK. Their business is focused on providing innovative, effective medicines that make a real difference in important areas of healthcare. Other facilities in the UK include research and development, sales and marketing and manufacturing. In 2008 AstraZeneca’s total contribution to wealth creation was £4.1 billion. The company supports 30,000 jobs, including employing 11,000 staff directly which accounts for 15% of jobs in the UK pharmaceutical industry. Investment in R&D was £1.1 billion, a 49% increase on 2004. Direct exports were £5 billion representing about 2.2% of the UK total exports of goods.

Introduction to Glaxo SmithKline

GlaxoSmithKline is the largest pharmaceutical company by value in

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