Major pharmaceuticals firms also engage in research and development, but tend to focus more on manufacturing and marketing an existing portfolio of drugs than the typical biotech firm. (investopedia.com)
Example A large pharmaceutical firm plans to launch a new product it believes will significantly increase its revenue in a short period of time. (elearningindustry.com)
Such a trial could cost tens of millions of dollars, and getting financial backing from pharmaceutical firms would probably be difficult, given that blood is not a treatment that could be patented. (newscientist.com)