chapter  14
10 Pages

Life science industries

The life science industry includes a broad range of manufacturers with products ranging from bandages to pharmaceuticals and hospital equipment. Companies range in size from global giants, such as Merck, Johnson & Johnson, Aventis, Pharmacia, and General Electric Medical Systems, to small, fewer-than-20 employee companies developing their products or serving supplier functions for larger firms. This is a manufacturing industry with global supply chains and global distribution. The significant, most unique factor is the regulation by governmental agencies, such as the U.S. Food and Drug Administration (FDA) and equivalent agencies in other countries.