Big Pharma
Big Pharma
Big Pharma (pronounced /bɪɡ ˈfɑːrmə/) is a term used to refer to the multinational pharmaceutical industry and its trade and lobbying groups. The term is often used pejoratively to suggest the industry's political and economic power is undue.
Etymology
The term "Big Pharma" is a combination of the word "big" denoting something of large size, and "Pharma" being a colloquial abbreviation for the Pharmaceutical industry. The term came into use in the late 20th century and is often used in discussions about the ethics, lobbying practices, and influence of the pharmaceutical industry.
Related Terms
- Pharmaceutical industry: The commercial industry responsible for the research, development, production, and distribution of drugs.
- Lobbying: The act of attempting to influence decisions made by officials in a government, most often legislators or members of regulatory agencies.
- Multinational corporation: A corporate organization that owns or controls production of goods or services in at least one country other than its home country.
- Trade group: An organization founded and funded by businesses that operate in a specific industry.
See Also
- Pharmaceutical Research and Manufacturers of America
- European Federation of Pharmaceutical Industries and Associations
- International Federation of Pharmaceutical Manufacturers & Associations
External links
- Medical encyclopedia article on Big Pharma
- Wikipedia's article - Big Pharma
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