The pharmaceutical industry creates, finds, develops, manufactures, and sells pharmaceuticals or otherwise useful medicines for the purpose to cure, treat, or alleviates people from diseases or with the intent to prevent them from recurring. Pharmaceutical industries can undertake generic or branded medicines and other medical products. Some of the well-known pharmaceuticals or medicines that are manufactured and marketed by pharmaceutical companies are: antibiotics, blood management products, cancer therapies, cholesterol and heart care products, contraceptive products, diabetic supplies, dental products, eye care products, hormones, blood banking products, dialysis products, and cancer treatment medicines. Many pharmaceutical manufacturing industries manufacture drugs that can be used to develop or test new drugs. Many people take the help of pharmaceutical companies to get the right medicines that can fight with deadly diseases and can prevent them from occurring in the first place. These companies also provide necessary training to the staff of the organization on the usage and management of various pharmaceuticals.
There are two compounding pharmacies. These are home compounding pharmacies and approved compounding pharmacies. Home compounding pharmacies include those pharmacies that do not utilize pharmaceutical agents and other chemicals in the preparation of the medicine, but are licensed by FDA (Food and Drug Administration). These pharmacies are generally considered less safe than commercially available drug preparations, but are legal and reliable. On the other hand, FDA approved compounding pharmacies are regulated by the Food and Drug Administration and contain only those substances that have been deemed safe to mix with other ingredients.
FDA approved pharmaceutical compounding pharmacies must meet certain requirements. They need to abide to specific regulations such as maintaining quality control measures, use of quality standards, proper labeling, production according to approved standards, and storage of all drug products. All pharmaceutical compounding pharmacies are required to file reports with FDA regarding the manufacturing and selling of its drug products and services. Also, they must provide FDA with a complete list of microorganisms, color and density of ingredients, as well as identity of substances used.