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Wednesday, May 13, 2009

Pharmaceutical Industry

Pharmaceutical Industry, medicinal drugs used for the prevention and control of disease. The civilizations of ancient India, China and the Mediterranean and Middle East discovered and employed numerous medicinal plants and minerals—including some, such as ipecac, that remain in use today.

The study of drugs emerged as the distinct profession of pharmacy in 8th century Baghdad, and the first pharmacies in Europe appeared around 1180 in Montpellier, France. The profession's beginnings in the U.S. date from the American Revolution, but the United States mainly remained dependent on European drug sources until World War I, when the cutoff of the European supply stimulated American production.

In the 20th century, the thousands of new drugs placed in the hands of physicians through research and development have wrought a virtual revolution in medical practice.

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