The term “pharma” is an abbreviation commonly used to refer to the pharmaceutical industry and the companies within it.
The industry is dedicated to the discovery, development, production, and marketing of pharmaceutical drugs (also known as medicines or medications). These are chemical or biological substances used to diagnose, treat, alleviate, prevent diseases, or modify organic functions in humans and animals. Pharmaceuticals exist in various forms, such as tablets, capsules, injections, and ointments, and target specific biological mechanisms in the body.
The broader scope of “pharma” also encompasses the science and practice of pharmacy, which links health sciences with chemistry to ensure the safe and effective use of medication. Professionals in this field, known as pharmacists, are experts on drug therapy and work in various settings, including community pharmacies and hospitals. The entire industry is subject to strict government regulations, such as those imposed by the U.S. Food and Drug Administration (FDA), to ensure the safety, efficacy, and security of its products.
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