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Generics, Ethics, And Law In The Pharmaceutical Industry

Approx. Words: 3,150 - Pages: 14 Add to cart Price $153.30

...is a dog-eat-dog world, a world where the rich continue to grow richer and the poor continue to pay for that growth. In reality, the pharmaceutical industry is an industry with many costs as well as considerable profit. One of the primary threats to that profit is generic drugs, those drugs that are developed typically by a second company after the first company has invested the resources needed to develop the initial, patented drug. Whether released by a competitor or the initial company itself in an attempt to stay on the playing field, however, generics are a definite threat to company profitability because they are reputed to be as effective in treating illness as the patented drug and they are sold for a fraction of the cost. Not surprisingly, pharmaceutical companies are often in legal battles with one another trying to dominate the market for a particular drug. Big drug companies often try...

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