Category: Business

Based on 2024 sales figures, Merck's Keytruda, a powerful immuno-oncology drug, was what's the highest selling drug globally, solidifying its position as a monumental cancer treatment. However, the dynamic pharmaceutical market continues to shift, with the surging success of diabetes and weight-loss medications like Ozempic poised to challenge for the top spot in 2025.

According to data from 2024, Merck's cancer drug Keytruda has claimed the top spot in global pharmaceutical sales, showcasing a significant shift in the market after years of AbbVie's Humira leading the pack. For those asking, 'What is the top selling drug in America?', the answer has become more complex, reflecting major changes driven by biosimilar competition, new drug classes, and shifting patient needs.

In 2006, the U.S. Food and Drug Administration granted approval to panitumumab (brand name Vectibix) for the treatment of certain patients with metastatic colorectal cancer. The current owner of panitumumab is the global biotechnology company Amgen Inc., following a key acquisition that secured its intellectual property and commercial rights.

The global pharmaceutical market was valued at approximately $1.65 trillion in 2024 [1.8.1, 1.8.3]. While dominated by publicly traded giants, the answer to 'What is the largest privately owned pharmaceutical company?' is the German-based Boehringer Ingelheim, with 2024 revenues of €26.8 billion [1.3.1, 1.3.5].

In 2022, over $25 billion in biopharmaceutical exports were from majority foreign-owned firms operating in the United States, highlighting the significant role international investment plays in the industry. This multifaceted financial landscape reveals that answering the question of who owns US pharma is far from straightforward, involving a mix of institutional, public, foreign, and venture capital ownership.

An estimated 83% of independent pharmacies in the U.S. contracted with a Pharmacy Services Administrative Organization (PSAO) in 2019, highlighting their critical role in the complex healthcare landscape. This guide explains what is a PSAO, its essential functions, and how it empowers independent pharmacists to thrive in an increasingly competitive market.

Eli Lilly and Company is, indeed, a long-standing American company, founded in 1876 by Civil War veteran Colonel Eli Lilly in Indianapolis, Indiana. The company has been headquartered in Indianapolis ever since, though its operations have grown to encompass a vast, multinational pharmaceutical empire spanning the globe.