Generic drug

4. KEY FINDINGS At a global level pharmaceutical vending machines have gained popularity and are widely distributed and used. However, pharmaceutical machines are migrating to those which dispense prescription medications in addition to the over the counter medication. A few models are strictly prescription medications and there are inherent concerns of this distribution method but so far seem to not be a hindrance. At present Oasis would not be exploring this aspect of the pharmaceutical…

Even in today’s constantly advancing, dynamic, highly educated world there still exists disease. Throughout an individuals life it is undeniable that at some stage they will encounter a disease of some category whether that be a common dose of influenza or a more severe disease such as cancer. A startling amount of resources are pumped into combating diseases of all levels. Unfortunately it is still a reality that diseases of unknown etiology exist. Diseases such as Rheumatoid Arthritis (RA)…

provider”(Boundless, 2016). A lot of drug research and generation is done in the pharmaceutical field driving a massive cost for companies and creating their main justification for price discrimination. Companies that make drugs, declare higher amounts for countries that have more money and resources to buy their products, all driving higher cost in this market and varying measures of price elasticity. Countries like the United States are wealthier and are charged more for drugs. As this is…

2017 Prescription Drug Prices Should be Lowered A life saving drug does no good if the people who need it cannot afford that drug. Prescription drug prices should not be so expensive. Americans should not have to live in fear that they will go bankrupt or die because they cannot afford to take the medication they need. Access to health care is a human right and that includes access to affordable prescription drugs. Americans pay by far the highest prices for prescription drugs in the entire…

industry funded vs. government funded pharmaceuticals and the way the government finds a way to pay less and receive more money. It’s not easy to clearly describe what big pharma is. Big pharma means big multinational pharmaceutical companies or big drug companies. But there are many different definitions to what big pharma really is. “How many firms are included in the big pharma group, and what parameters…

are crucial stakeholders in any company and Mylan is being unethical to both of them. They have complete control over the epinephrine industry. For people with life threatening allergies, EpiPens are a necessity. Mylan can set the price of these drugs as high as they would like because people will always need to buy them and no other company has been able to compete. The…

(R&D). Companies need to spend a lot on developing new drugs in order to increase and maintain market share and of course, meet the ever-changing needs of consumers. R&D expenses add up to 12.9% of total industry…

India’s drug industry has changed dramatically over the past thirty years. Their drug industry was almost nonexistent in the 1970’s. Today India is a top provider of pharmaceuticals to the world and India’s industry provides over 90% of their country’s drug needs. Globally the Indian industry is fourth overall in volume, and ranks thirteenth in value. Combined these ranks put the Indian market very near the top. This success is due to India’s government implementing new rules for the industry,…

The cost of drugs in America have been increasing despite criticism from the population and public officials. The price for name brand drugs have raised 12% and pharmaceutical companies continue to increase the prices multiple times a year (Thomas, 2016). Pharmaceutical companies have profited on the price increases while insurers and employers pay more. The burden of the high drug prices is often seen first-hand by uninsured patients who pay the list price of the drug. What justifies the high…

The Medicare Part D, also known as the Medicare Prescription Drug Coverage, was designed to cover the existing gap (the donut hole), between individual’s prescription drug needs and Original Medicare (Original Medicare is characterized in parts A and B). The Original Medicare Plans includes basic drug coverage but unfortunately, many medicare beneficiaries require specific prescription drug needs that do not fall under the qualifications of parts A and B coverage. Medicare Part D is additional…