What type of institution is a research firm?

A research firm is fundamentally defined by its focus on scientific and medical research. This type of institution is dedicated to investigating and exploring various aspects of health and disease, developing new treatments, or discovering new medical knowledge. Research firms often engage in studies that contribute to the advancement of medical science, which may include clinical trials, laboratory experiments, and analysis of health data.

The primary goal of a research firm is to generate new insights that can lead to innovations in healthcare, whether through the development of new drugs, therapies, or understanding disease mechanisms. This emphasis on research distinguishes it from other types of institutions like clinics or pharmacies, which primarily provide direct treatments or services to patients rather than conducting research to advance the field.