Big Pharma Summary

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The article, Big Pharma: A Former Insider’s View, written in 2012 by David Badcott discusses why the current business of the big pharmaceutical industry, coined” Big Pharma”, is still the most effective model in generating profit. Badcott, a former employee in the pharmaceutical industry, claims that the current model is still relevant because research and development of new drugs is expensive and time-consuming, pharmaceutical companies need to generate revenue in order to continue research, and the model can be slightly modified in order to meet the social and ethical standards of today’s healthcare system. According to Badcott, the research and development is an expensive, time-consuming process. Commercially, it is necessary
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It is important to note that drugs are not a one-time cure-all solution. Every drug on the market has side effects that can adversely affect the health of an individual. In these circumstances, immediate medical attention is required to prevent further damage. It is unwise to take one drug to alleviate the side effects of another. I agree that prescription medication is necessary because it does save time for both the patient and the medical professional. The common cold no longer requires a visit to the doctor’s office. A simple dosage of anti-cold medication saves both time and money. However, for more serious illnesses, the drug alone cannot fix every ailment. Chemotherapy is the process of receiving treatment via drugs that prevent the growth of cancer cells. Drugs do the main work at a cellular level by disrupting the division of cancer cells. A medical practitioner cannot physically stop growth of cells; it is too microscopic. However, chemotherapy is not successful with the drugs alone. This treatment requires the careful supervision of the oncologist to make sure that the patient is receiving the right dosage and years of training will allow the oncologist to detect any abnormalities in ongoing treatment. In other words, the healthcare professional works to take early preventative measures before the consequences become disastrous. Badcott is correct in saying that the future will continue to diminish the line between preventative medicine and treatment. However, to say that the role of a highly trained medical professional will become obsolete is

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