Medication is known as the main and the most effective factor in improving public health. On the other hand, having a strong and effective PHARMACEUTICAL industry will, to a very large extent, guarantee people′s health. Therefore, this study was prospected to review the different PHARMACEUTICAL INDUSTRIES around the world and propose a model for the context of Iran. This is a qualitative as well as a comparative study which was carried out in 2015. At the first stage, using the World Bank website, countries were divided into four groups of low-income, lower-middle-income, upper-middle-income, and high-income economies. Then, four countries of Afghanistan, India, Brazil, and Canada were chosen from these four groups, respectively. Secondly, data gathered from these countries were given to two 12-member expert panels. Finally, using the articles and the results of expert panel groups, useful and effective policies were extracted for the growth and development of Iran′s PHARMACEUTICAL industry. Findings of the study indicated that the following seven items are the essential policies for the context of Iran: establishment of high academic centers as well as research institutes, using weak patent law, supporting research and development centers at universities and PHARMACEUTICAL companies, backing national PHARMACEUTICAL companies up, implementing generic rules, gradual economic liberalization, and membership in world trade organization. Since, PHARMACEUTICAL industry is an effective and inseparable part of every health system, proper and evidence-based policies should be taken into account in order to develop this industry and, ultimately, meet the public needs.