In analyzing the pharmaceutical industry for a prospective business launch, Nicole Turco, a ph. D. In pharmacology, concluded that the industry was attractive because the threat of substitutes is Low
This is further explained below.
<h3>What is
the pharmaceutical industry?</h3>
Generally, The pharmaceutical industry is responsible for the research, development, production, and marketing of drugs or pharmaceutical drugs that are intended for use as medications to be administered to patients in the hope of curing patients, vaccinating patients, or reducing the severity of their symptoms.
In conclusion, Nicole Turco, who holds a doctorate in pharmacology, came to the conclusion that the pharmaceutical industry was appealing after conducting research on the sector in preparation for the launch of a potential business.
She came to this conclusion after finding that the industry faces a low level of competition from substitute products.
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