Originally posted by LVPharm
Are you asking about PhD programs in pharmacology vs. PharmD programs?
PharmD is a professional degree (like MD, DO, JD, etc). It prepares you to work as a practicing pharmacist upon graduation and successful passage of a board examination. You can work in retail, hospital, consulting, nuclear pharmacy settings. You can even work in industry (research positions in industry may require completion of a post-graduate fellowship; clinical pharmacist positions in hospitals may require completion of post-graduate residencies).
PhD is an academic graduate degree (in this case,the field of pharmacology). If your goal is to work in the pharm industry in research, or academia (as a pharmaceutical sciences professor), then it might be for you. You'll have to do research in your field with the goal of completing a dissertation that will display your unique contribution to scientific knowledge. You cannot practice as a "pharmacist" with the PhD degree alone.
There are dual PharmD/PhD degree options at some universities.