Purinex was as a drug discovery and evolution company located in Syracuse, New York. “The company sought to commercialize therapeutic compounds based on its purine drug-development platform.” The company evolved procedure for making small molecules that acted as selective agonists or antagonists. The company consisted of 14 employees and the company has a chemistry laboratory, and 35 pending patents in the purine field. During 2004, the company promised two drug treatment: the first one for…
price of the injector, from $100 at the time of obtaining the EpiPen to $608 in 2017, to meet the expense demands of their supply chain. This drastic price increase in this life-saving device has brought scrutiny to the firm as another greedy pharmaceutical giant (Popken, 2016). This increase has caused the firm to fall under investigation by the Federal Trade Commission (FTC), which was brought on by New York Attorney General Eric Schneiderman, Senators Richard Blumenthal and Amy Klobuchar…
(Mill 1863). Martin Shkreli’s decision to boost the prices for a life-saving drug results in worldwide discontent and also causes harm to the pregnant women, the ill, and the elderly (McLean 2015). Shkreli violates Mill’s philosophy, and by doing so, he does not contribute beneficial moral actions to society and causes global displeasure. Acting from self-regard, he takes advantage of FDA laws and vital pharmaceuticals for his own gain and in turn, infringes on other’s liberties by preventing…
expire each year. The dramatic increase in price is due to the monopoly that EpiPen has over the industry of epinephrine. After a company creates a unique drug, it is issued a patent that prevents any other sellers from entering the industry, giving the single company the power to charge whatever price that they see fit. Patents give pharmaceutical companies monopolies…
The mission of the Drug Enforcement Administration (DEA) is to “enforce the controlled substances laws and regulations of the United States” (The United States Drug Enforcement Administration, 2017). The DEA received it legal authority from the Comprehensive Drug Abuse Prevention and Control Act of 1970, usually termed the Controlled Substance Act (CSA) (The United States Drug Enforcement Administration, 2010). The DEA classifies drugs into groups of “schedules” represented by Roman Numerals…
The healthcare industry’s perennial reliance on pharmaceuticals, from giants like Roche or Pfizer, while bolstering the quality of life for well-developed nations, often overshadows upcoming advances or developments in therapeutic treatment. A rather niche approach, bioelectronic medicine, is particularly attractive to the field of biomedical engineering, relying less on biochemistry than an integration of device and neurology. Georgina Casey, nursing lecturer at Auckland University of…
Oseltamivir is an antiviral drug used in the treatment and prophylaxis of both influenza virus A and influenza virus B. It was approved for seasonal influenza by US Food and Drug Administration in 1999, and approval from Japanese agencies and European Medicines Agency (EMA) followed soon afterwards. A pharmaceutical company Roche launched oseltamivir in the global market with Tamiflu as its brand name. In 2007 alone this pharmaceutical company was producing 400 million doses of the drug with a…
Drug abuse is prevalent in the United States, however, the use of drugs is mostly among teenagers. Adolescence is a life stage where teens are driven by their ego; where one may assume that they are capable of doing anything. Therefore, teenagers tend to not consider the consequences of drug use. Getting access to drugs has become easier through social media, friends, and vendors offering them in the street. Teenagers take drugs to gain confidence and to run away from their personal issues.…
RISKS The pharmaceutical industry faces a variety of risks when releasing a new product into the market for consumers. The largest risk with releasing a new product to the consumer market is the potential for new discoveries on side effects with taking a medication. Even though years of research, development, and experimentation have occurred there is always a risk of finding new side effects that could make the product harmful for consumer consumption. Pfizer, like many other pharmaceutical…
about those who abuse pharmaceutical medicine to a point of death or severe addiction. The creator of the film, Chris Bell, interviews various former pharmaceutical drug addicts and a supplier/whistleblower. He meets with many former WWE and MMA athletes. They speak of their addictions, what led to them, how they played out, and what the short term and long term consequences were. Chris Bell’s own brother, Mike Bell, died of causes directly related to his own pharmaceutical drug addiction. In…