Introduction
Parsippany, NJ, is home to some of the biggest pharmaceutical companies in the world. These companies have a significant impact on the healthcare industry, not just in the US, but globally. In this article, we will take a closer look at the pharmaceutical companies operating in Parsippany and their contribution to the healthcare industry.
Overview of Parsippany’s Pharmaceutical Industry
Parsippany is known for its thriving pharmaceutical industry, which has been a significant contributor to the state’s economy. The industry has a long history in the region, with some of the earliest pharmaceutical companies dating back to the mid-1800s. Today, Parsippany is home to some of the largest pharmaceutical companies in the world, including Teva Pharmaceuticals, Bausch Health, and Zoetis. These companies employ thousands of people and contribute significantly to the local economy.
Teva Pharmaceuticals
Teva Pharmaceuticals is one of the largest generic drug manufacturers in the world. The company has a significant presence in Parsippany, with its North American headquarters located in the city. Teva Pharmaceuticals employs over 1,500 people in Parsippany alone and has a global workforce of over 40,000. The company produces a wide range of medications, including generic versions of popular drugs like Lipitor and Viagra. Teva Pharmaceuticals has been a significant contributor to the local economy, and its presence in Parsippany has helped to establish the city as a hub for the pharmaceutical industry.
Bausch Health
Bausch Health is another major player in the pharmaceutical industry with its headquarters located in Parsippany. The company has a broad portfolio of products, including prescription drugs, over-the-counter medications, and medical devices. Bausch Health has a significant impact on the healthcare industry, with its products used by millions of people worldwide. The company employs over 22,000 people globally, with a significant portion of its workforce based in Parsippany.
Zoetis
Zoetis is a global animal health company that has its headquarters located in Parsippany. The company produces a wide range of animal health products, including vaccines, medications, and diagnostic tests. Zoetis has a significant impact on the agriculture industry, with its products used by farmers and veterinarians worldwide. The company employs over 10,000 people globally, with a significant portion of its workforce based in Parsippany.
Conclusion
The pharmaceutical companies operating in Parsippany have a significant impact on the healthcare industry and the local economy. These companies produce life-saving medications and employ thousands of people, making them a vital part of the community. As the pharmaceutical industry continues to grow and evolve, we can expect to see even more innovation and development from the companies operating in Parsippany. This is an exciting time for the industry, and we look forward to seeing what the future holds.