JOHNSON & JOHNSON
Johnson & Johnson is a US based multinational company which manufactures medical devices, pharmaceuticals and consumer packaged goods. The Company’s headquarters is located in New Brunswick, New Jersey. Johnson & Johnson is a leading name in many household items like Johnson & Johnson baby products, Neutrogena skin and beauty products, Band-Aid, Clean and clear facewashes, etc. The other drugs manufactured by it are Bapineuzumab, ceftobiprole, dacogen, procrit, rivaroxaban, topamax, etc.
Revenue: $71.89 billions
Revenue from Pharmaceutical Drug Sales: $33.50 billions
Percent of Revenue From Pharmaceutical Drug Sales: 47%
Estimated R&D Spend: $9.10 billion
Number of Employees: 127,100
Revenue Per Employee: $565,000
Pfizer is the world’s largest research-based pharmaceutical company. Its research headquarters are located in Groton, Connecticut, America. Pfizer has developed many medicines and vaccines like Sutent, Zithromax, apixaban, Macugen, Lyrica, latreperdine, etc. in the areas of oncology, infections and infestations, cardiology, opthamalogy, neurology and psychiatry. Its top selling drug is Lipitor. The company was founded in 1849 in New York City by cousins Charles Pfizer and Charles Erhart.
Revenue: $52.83 billion
Revenue from Pharmaceutical Drug Sales: $52.83 billion
Percent of Revenue From Pharmaceutical Drug Sales: 100%
Estimated R&D Spend: $7.90 billion
Number of Employees: 96,500
Revenue Per Employee: $548,000
HOFFMAN- LA ROCHE AG
Hoffmann-La Roche is a Swiss global healthcare company founded by Fritz Hoffmann-La Roche after whom the company is named, in 1896. Its headquarters is located in Basel, Switzerland. Other companies owned by Roche are Genentech, Chugai pharmaceuticals and Ventana. It was the first company to produce synthetic vitamin C at a large scale under the brand name of Redoxon. Its leading drug is Herceptin a medication for breast cancer. The various drugs produced by Roche include Accutane, Bactrium, Cellcept, Herceptin, Invirase, Tamiflu, Rohypnol, etc.
Revenue: $50.00 billion
Revenue from Pharmaceutical Drug Sales: $39,50 billion
Percent of Revenue From Pharmaceutical Drug Sales: 76%
Estimated R&D Spend: – $10,01 billion
Number of Employees: 94,000
Revenue Per Employee: $531,000
NOVARTIS INTERNATIONAL AG
Novartis International AG, a multinational pharmaceutical company is based in Basel, Switzerland.Novartis is a manufacturer of drugs including clozapine, diclofenac, carbamazepine, valsartan (Diovan) and Glivec.
Revenue: $48.50 billion
Revenue from Pharmaceutical Drug Sales: $32.50 billion
Percent of Revenue From Pharmaceutical Drug Sales: 67%
Estimated R&D Spend: $9.10 billion
Number of Employees: 118,700
Revenue Per Employee: $408,000
MERCK & CO., Inc
Merck & Co., Inc. is an American pharmaceutical company with its headquarters located in Whitehouse Station, New Jersey. Kenneth Frazier is the chairman, president and CEO of the company and it was founded in 1891 as a subsidiary of Merck KGaA. It came out as an independent company in 1917 after being taken over by US Government during World War I.
Revenue: $39.80 billion
Revenue from Pharmaceutical Drug Sales: $35.15 billion
Percent of Revenue From Pharmaceutical Drug Sales: 88%
Estimated R&D Spend: $10.12 billion
Number of Employees: 70,000
Revenue Per Employee: $585,000
Bayer is also known as Bayer AG. Bayer actually holds the trademark to the name ‘heroin’ although it no longer markets diacetylmorphine as a cough suppressant as it did in 1898.
A few of the biggest subsidiaries under the Roche umbrella include Genentech, Chugai Pharmaceuticals and Ventana.
Headquartered in Basel, Switzerland, its subsidiaries include the Chiron Corporation, Ciba Vision and Sandoz.
Novartis was also ranked seventh on the Access to Medicine Index, which is a measure of how effectively pharmaceutical companies make their solutions available to the poorest people around the world.
The company has around $40.72bn in revenue and $7.9bn in operating income. Sanofi currently employs 110,000 people and has many subsidiaries under its umbrella, including Genzyme, Chattem, Zentiva, Medley, Nichi-Iko and Sanofi Pasteur.
Brentford, London serves as the headquarters of GlaxoSmithKline, a British pharmaceutical company that is a product of the merger between SmithKline Beecham and Glaxo Wellcome.
The pharma industry offers numerous opportunities for developing a career. Here are some of the reasons we think you should consider when searching for a job in this area. If you need more guidance you also read 5 opportunities to develop your career as a pharmacist HERE.
This Industry Is Growing
Worldwide pharmaceutical industry revenues have shown excellent growth for many years. The graph below shows the growth in revenue since 2001 (at $390bn) and also shows the projected revenue for 2018 and 2021 ($1.4tn).
In 2016, worldwide pharmaceutical revenues were over $1.1 trillion.
Even during difficult financial times for other industries, the pharmaceutical and medical device industries have been resilient.
The biggest pharma companies are (based on 2016 revenue) :
- Johnson & Johnson – $71.89 billion
- Pfizer – $52.83 billion
- Roche – $50.00 billion
- Novartis – $48.50 billion
- Merck & Co – $39.80 billion
Well Paying Jobs
Worldwide employment across these industries have grown from 3.64 million in 2006, to 4.91 million in 2016.
Here you can see a breakdown of current direct and indirect employment from the pharmaceutical and medical device industries across both USA and Europe.
In 2011, the total compensation for US biopharmaceutical industry employees averaged $110,490. The national average, across all industries, was $54,455.
Small Impact From Cyclical Ups and Downs
Even in the most difficult of financial times, the pharmaceutical and medical device industries have maintained success. A good measure of this success is how much money is invested in research and development.
The relatively high amount of money being allocated to research and development compared to other industries, is a good sign of industry stability.
They Offer Rich Opportunities For Career Growth
With so many companies operating within the pharmaceutical and medical device industries, there is a great opportunity to progress in a new career if you want to.
You Can Leverage Your Previous Work Experience
There can often be a misunderstanding about the skills needed to successfully begin a career in pharmaceutical or medical manufacturing.
Not necessarily needed:
- Science degree
- Multiple years of pharmaceutical industry experience
- Experience in a lab
- Engineering experience from another industry
- Manufacturing experience from another industry
- Experience in maintenance
- Demonstrated technical skills
*This article was adapted from different sources mentioned above.
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