involved and how they affect the consumer. Why would the drug maker want to stymie generic competition? Explain. One of the main reasons that a major pharmaceutical company would attempt to stymie generic competition is of course loss of revenues. The generic brand often times provides the same level of benefits but at a much lower costs, therefore the drug maker would lose million of dollar potentially by allowing the generic product equal opportunity. Another reason is that the cost of developing a
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1. generic injected drugs, which are the workhorses of hospitals but are difficult to make and produce little profit for drugmakers. The shortages are caused primarily by problems with sterility and other serious issues that have led to shutdowns of production lines and occasionally entire factories. In addition, consolidation among generic drug manufacturers, as well as manufacturers deciding to end production of marginally profitable drugs, has led to decreased capacity. That means when one manufacturer
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Pharmaceuticals should refrain from making the generic equivalent of Clinirol which is a nonsteroidal anti-inflammatory drug sulindac or change the label on the drug to “contain a more explicit toxic epidermal necrolysis”, warning which was recommended by the FDA. Although the New Hampshire had a design-defect clause which forces progressive duties on manufacturers the federal law states that the drug company cannot modify the label or composition of the drug that a generic version of another drug. Since both
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Environment Environment movements are real threats for Pharmaceutical industry as these movements focus on green environments and reduce chemicals and carbon which comes from pharmaceutical industries. It is not being possible to ignore these issues as they are supposed to be practiced under United Nation charter for clean and better environment. For example Pfizer is a well reputed British Pharmaceutical company which has aims to save the environment as much as possible from chemicals, waste water
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Business Ethics and Legal Issues Name: Course: Tutor: Date: Abstract Antitrust laws are the legislations by state governments aimed regulating the way in which trade and commerce is carried out. This is possible through the prevention of illegitimate price-fixing and monopolies and facilitating fair completion. The net effect that is felt by the consumer is the production of high quality goods and services at prices that are affordable to all. Additionally, the public
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practices. One, called parallel importing, allowed importers in South Africa to purchase drugs from the cheapest source available, regardless of whether the patent holders had given their approval or not. Thus South Africa asserted its right to import “generic versions” of drugs that are still patent protected. The government did this because it claimed to be unable to afford the high cost of medicines that were patent protected. The other practice, called compulsory licensing, permitted the South African
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Overview : 1. Merck was founded in 1668 2. Globl drug manufacture in the world 3. Merck’s significant investment in internal research and development (R&D) was a strategic advantage with which few companies could compete 4. Merck’s recent $41 billion “reverse-merger” with Schering-Plough represented a significant step away from a closed R&D model toward a more open innovation strategy. Merck is a global research-driven company that discovers, develops, manufactures, and markets a broad range
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Case study outline (submitted by samir khwaja) Company name :- Abbott laboratories In Northern Chicago Dr. Wallace c. Abbott established abbott laboratories. Abbott laboratories provides service in the manufacturing, invention development and sales of health care related product. The company concentrate mainly on four section pharmaceutical manufacturing product, diagnostic manufacturing product, nutritional manufacturing product, and vascular manufacturing product. The company mainly focus on
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Health Care Communications Methods Kelly Rathbun HCS/320 May 6, 2013 Teresa Shook As the communications coordinator of a national drug manufacturer, it is my job to ensure that our company is represented in the best way possible. The communication coordinator is expected to reduce uncertainty by keeping employees well informed. This helps to bridge boundaries, as a coordinator it is imperative that our company works together as a team, and know one another. Communication can help
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TABLE OF CONTENTS 1………………………………………………Cover page 2………………………………………………Introduction: What is Medicinal chemistry? 3……………………………………………...Body: The pharmaceutical industry Global generics Chemistry in a nutshell 4………………………………………………Conclusion End of academic essay In Medicinal chemistry , the chemist attempts to design and synthesize medicine
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