Pharmaceutical refers to anything related to the development, production, and distribution of drugs and medications used for therapeutic purposes. This term encompasses all aspects of pharmaceuticals, including the chemical compounds, formulations, and processes involved in creating medications intended to prevent, diagnose, treat, or manage diseases and health conditions. The pharmaceutical industry involves research and development (R&D), clinical trials, regulatory approvals, and the manufacturing of both prescription and over-the-counter drugs. Additionally, the term can also pertain to the study of drugs, their effects on biological systems, and their safety and efficacy. Pharmaceuticals can be derived from natural sources or synthesized chemically and are essential components of modern medicine and healthcare.
BioNTech faces financial challenges as vaccine demand declines; fourth-quarter 2024 earnings fell to €1.08 per share, from €1.90 the previous year. Revenues decreased to €1.19 billion, with a reported net…