Pharmaceuticals are substances or compounds that are used in the diagnosis, treatment, prevention, or alleviation of diseases and medical conditions in humans and animals. They can be synthetic drugs, natural products, or derived from biological sources. Pharmaceuticals include a wide range of products, such as prescription medications, over-the-counter drugs, vaccines, and biological therapies.
These substances operate through various mechanisms to affect biological processes in the body, aiming to restore health, manage symptoms, or improve quality of life. Pharmaceuticals are typically subject to rigorous testing and regulation to ensure their safety, efficacy, and quality before they can be widely used in medical practice. The pharmaceutical industry plays a critical role in research, development, and distribution of these products, often collaborating with healthcare professionals to optimize treatment options.
BioNTech is transitioning from COVID-19 vaccines to innovative cancer therapies using mRNA technology, aiming for market launch by 2026. Revenue dropped from €3.8 billion in 2023 to €2.75 billion in…