In analyzing the pharmaceutical industry for a prospective business launch, Nicole Turco, a ph. D. In pharmacology, concluded that the industry was attractive because the threat of substitutes is Low
This is further explained below.
Generally, Pharmaceuticals or pharmaceutical drugs that are meant to be used as treatments to be supplied to patients in the goal of healing patients, immunizing patients, or lessening the intensity of their symptoms are produced, developed, produced, and marketed by the pharmaceutical business.
In conclusion, Nicole Turco, who holds a doctorate in pharmacology, came to the conclusion that the pharmaceutical industry was appealing after conducting research on the sector in preparation for the launch of a potential business.
She came to this conclusion after finding that the industry faces a low level of competition from substitute products.
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