Pharmaceutical industry

In a society where the powerful and wealthy rule, the masses have no voice. According to Marx, the Conflict Theory speaks on how the world is separated by two types of individuals, the rich and the poor. This differentiation will forever exist and there is no exact resolution to it. This growing inequality serves as a reminder or social marker to create tensions and social conflicts within the two groups (Ritzer 2013 p.95). The elite rule and take over the masses. “Conflict theorists…

Adaptive Design The pharmaceutical drug manufacturers are moving towards adaptive design in a clinical trial as per the U.S.FDA guidance. The adaptive trial design gives greater benefit compare to the traditional drug trial design for the success of the new drug approval from the pipeline to the patients. The meaning of to accept adaptive trial design is to make clinical trial more efficient by allowing changes in the clinical trials. Adaptive trial design allows researchers modification in the…

Ezgi Ustaoglu Mylan is a global healthcare company founded in 1961 in West Virginia in US. It has mostly generic products in its portfolio distributed in more than 165 countries. In 2016 Mylan reached 10 billion $ net sales. 1 billion $ out of 10 was generated from one product which is EpiPen. EpiPen is one of the most important lifesaving medicine which treats severe food allergies. Mylan was started to be questioned last year because of huge price increase Mylan made on EpiPen.…

The FDA is charged with protecting consumers, patients, and enhancing public health globally by maximizing compliance of FDA regulated drugs, products, and devices and minimizing risk associated with those products. While FDA’s overarching mission remains the same, it has added additional products to regulate and further expansion of its global reach. FDA is now responsibility for regulating the manufacturing, marketing, and distribution of tobacco products to protect the public health and to…

Johnson and Johnson is a multinational company which deals in pharmaceutical and consumer packaged goods. The company was established by Robert Wood Johnson, James Wood Johnson and Edward Wood Johnson in New Brunswick, New Jersey in the year of 1880. In the year of 2014, Johnson and Johnson had a newt income of $16.323 billion with it’s total assets amounting to $131.119 billion. Its overall revenue was recorded at $74.331 billion under which a staggering 126,500 employees work under. The…

Johnson and Johnson is a company who has been around since 1886 with products ranging from baby items to pharmaceuticals. One of their bestselling products, a subsidiary, with over one hundred million users, Tylenol was responsible for 19 percent of Johnson & Johnson's corporate profits during the first few years of the company starting. Tylenol was the absolute leader in the painkiller field accounting for a 37 percent market share, outselling the next four leading painkillers combined,…

Rational Drug Discovery Drug companies are continuously discovering new compounds to add to the pharmaceutical world. Rational drug discovery, or drug design, has provided a great advantage to finding new medications compared to older methods of discovery. With years of guesstimating and predicting how to create the perfect prescription, drugs have been identified in numerous ways. Drugs have been discovered and named through multiple encounters of trial-and-error or with simple luck. Thorough…

College of Medicine Policy on Pharmaceutical, Medical Device, and Biotechnology Industry Conflict of Interest (1) Definitions. The following definitions apply to this regulation: (a) “COM” means the University of Florida, College of Medicine in Gainesville (the “COM-GNV”) and the University of Florida, College of Medicine in Jacksonville (the “COM- JAX”). (b) “COM personnel” means any employee or appointee of the University of Florida (whether full-time, part-time or courtesy), including but…

cardiovascular disease leading cause of morbidity and mortality. The aim of this study is the importance of choosing drugs that do not increase cardiovascular risk and reduce the risk of cardiovascular events. The US FDA and has recommended its Guidance for Industry for drug developers in 2008 that new drugs for type 2 diabetes undergo clinical trials should fulfill cardiovascular safety in addition to glycemic benefit and rule out potentially harmful drug interactions. The European Medicines…

Monsanto is known as the world’s largest seed company. It was founded in 1901 by John F. Queeny and was named after his wife, Olga Monsanto Queeny. In the late 1960’s Monsanto created its first Roundup herbicide; this advanced the company even more in its success. However, in the 1970’s Monsanto ran into some legal trouble with a chemical they produced called, Agent Orange. This chemical, which contained dioxin, was used in the Vietnam War to destroy the Vietnamese jungles. Dioxin was found to…