Some industries have struggled of late. Post-Brexit anxiety has enveloped a number of areas of the economy, but one area that is thriving is pharmaceuticals. Manufacturers of medical goods and associated services such as pharmacy chains have done very well in recent years, owing to a variety of factors.
The industry’s spending on research and development has helped to keep it going. Figures from 2016 reveal that half of the UK’s £16.5 billion of research and development spending came from pharmaceutical companies. Commitment to developing new drugs to fight dreaded illnesses such as cancer and diabetes has created jobs and opportunities within the industry.…Continue reading