The pharmaceutical industry is a vital sector engaged in the research, development, and production of medications and other therapeutic products used to treat and prevent disease. The pharmaceutical industry incorporates a vast array of activities, including drug discovery, clinical trials, regulatory approval, and marketing. By developing and delivering safe and effective treatments for a wide variety of diseases and conditions, the pharmaceutical industry plays a vital role in enhancing global health outcomes. The industry is also a major contributor to the economy, supplying employment and driving innovation in other sectors, such as biotechnology and medical devices. However, the pharmaceutical industry faces challenges regarding accessibility and affordability, particularly in developing nations where access to essential medicines is restricted. Concerns regarding pricing, intellectual property, and the accessibility of clinical trial data are also scrutinised. Consequently, there is a growing interest in devising new models for drug development and distribution that prioritise patient access and affordability. It is anticipated that the pharmaceutical industry will continue to expand due to factors such as population growth, an elderly population, and rising demand for innovative therapies.