Analyze the Manner in PharmaCARE Used Law to Protect Its Own Intellectual Property
PharmaCARE is one of the world 's most successful pharmaceutical companies that is enjoying a status as a nurturing, ethical and well-run business that manufactured high-quality healthcare products. Thus, saved millions of inhabits and enhanced the value of life for millions of people. The company provides free and discounted pharmaceuticals to low-income customers on the base of sponsors health care informative programs and scholarships. Two years before, after PharmaCARE 's research identified that one of its peak trading diabetes drugs (AD23) might slow the progression of Alzheimer 's infection. After identifying the weakness, its pharmacists began reformulating that pharmaceutical to maximize the effect. To avoid FDA inspection, PharmaCARE used US law to protect its intellectual property as it established a wholly-owned subsidiary, CompCARE that is set up beside its parent’s headquarters in a suburban agency park.
PharmaCARE protects own intellectual property through established new branches (CompCARE) as it is only responsible for all
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In this case, PharaCARE is liable or responsible for the death of John 's wife and another 200 patients death because it has not followed law or regulation as produce or marketing AD23 (diabetes drugs) insignia officially authorized FDA approval (Johnson, 2003). Use of AD23 (diabetes drugs) impacted on the health of patients that is the main reason of the death of John’s wife and another 200 patients, so the company’s is liable for this issue. John has right to sue a lawsuit against PharmaCARE 's similarly as Joe Strom sued a lawsuit against J&J Company in the above-described
This paper discusses pharmacology and terminology related to “Pharmacology” which is the branch of medicine concerned with the uses, effects, and modes of action of drugs“ pharmacology. 2015. In Merriam-Webster.com. The study of different classes of drugs, routes of absorption, and drugs have effects on those consuming them. There are drugs that are necessary for illnesses and healing but, there are medicines that cause concern regarding interaction and harming the body.
...pecially with the use of DTC advertising, to such a wide range of afflictions greatly increased their consumer base, but one of them proved to be deadly. In 1999, four years after Lilly sent study results to the U.S. Food and Drug Administration showing Zyprexa didn’t alleviate dementia symptoms in older patients, it began marketing the drug to those very people, according to documents unsealed in insurer suits against the company for overpayment.(Applbaum, 248). Soon after it began to be used in those suffering from dementia, there were studies produces that showed an increase in death rate among elderly patients taking Zyprexa. In January of 2009, Eli Lilly and Company, who produced the drug, ended up settling the lawsuit and agreed to pay $1.415 billion which was one of the biggest corporate settlements in the history of pharmaceutical companies (Applbaum, 237).
T-Writer, EW, met with client SM to work on his recovery goal of medication management.
Large pharmaceutical industries are making large profits on medications. Having such a high cost for medication prevents patients from receiving the care that they need. These companies are overcharging for medications that are essential to maintaining the health of patients. This may result in patients resorting to desperate measure such as stealing, crime, and other illegal acts. The pharmaceutical industry may require a different set of moral standard because in a way these laws are preventing patients from a quality life. It is not ethical for pharmaceutical industries to make large profits on medications. Pharmaceutical industries that continues to make large profits from patients who needs their medication impairs their quality of life.
In America, it has become a battle to earn a high paying job to cope with the expenses of a typical American. It has become even more of a battle for some people to afford medical prescriptions to keep healthy. Health becomes a crucial issue when discussed among people. No matter what, at one point or another, everyone is going to stand as a victim of the pharmaceutical industry. The bottom line is Americans are paying excessive amounts of money for medical prescriptions. Health-Care spending in the U.S. rose a stunning 9.3% in 2002, which is the greatest increase for the past eleven years. (Steele 46) Many pharmaceutical companies are robbing their clients by charging extreme rates for their products.
PhRMA was founded in 1958 and its purpose is to "represent America's biopharmaceutical research companies and seek essential alignment between public policy and medical research to address patient needs" (PhRMA). PhRMA accomplishes these goals through the advocacy of public policies, research, and effective regulation of the industry (PhRMA).
Being presented with the problems in the implementation of the SAP ERP system, it is evident that Novartis Pharmaceuticals requires a comprehensive action plan that resolves key issues and the underlying problem. Refer to Exhibit A for a graphical representation of the action plan.
Patients who struggle to pay for their medication, struggle with life. The Pharmaceutical Industry( Big Pharma) makes the important name brand drugs expensive, they are forcing people to take the medication, and they are also forcing them to refill the prescriptions even if they don’t need them; every pill counts! The cost of medication from 2009 to 2016 has increased by 400%. The Tactics of Big Pharma have been found to be wrong by many people and their own companies. Insurance companies are paying for patients’ over priced medications, sometimes the insurance doesn’t even cover it because it is so overpriced. The pharmaceutical company should start applying new drugs that are less expensive, than taking money for themselves. Big Pharma
Walgreens corporate idea first choice was in health and daily living for everyone in America, and beyond. They provided more than 6 million customers the most convenient access to consumer goods and services and trusted, cost effective pharmacy, health and wellness services and advice in communities across America (Wagner, 2013). Walgreens choice of pharmacy services includes retail, medical facility, mail service, and specialty services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public.
The patients that require interdisciplinary team approach are mainly patients with multiple and complex chronic diseases or diagnosis and probably has affected all other functional aspects and patterns of their body which may require the services of more than one health professional to help in his treatment and care. Some examples of these patients include those with cases of complications of the following disease processes and might however in some cases need assistance towards the successful performance of his or her ADLs. These disease conditions include; diabetes, congestive heart failure, hypertension, elevated cholesterol, and arthritis to mention but a few.
Paragon Biosciences has been at the forefront of aiding the creation of new innovative pharmaceutical companies since the first day it was founded. The highly successful business strategy that Paragon Biosciences duplicates
Phatak, A. (1998 йил 01-01). The pharmaceutical industry and the medical profession. Retrieved 2012 йил 19-01 from Indian Journal of Medical Ethics: http://www.ijme.in/064cr131.html
“According to the General Accounting Office, more than half of the prescription drugs approved by the Food and Drug Administration (FDA) between 1976 and 1985 caused serious side effects that later caused the drugs to be either relabeled or removed from the market. Drugs app...
There is an increasing pressure within pharmaceutical markets to reduce prices in line with medical budgets, as well as maintaining patent expirations. Being a global brand means disturbance in the operations when the market fluctuates. There is an internal weakness in the pharmaceutical industry, which includes theft and counterfeiting of drugs, and therefore is a weakness of Johnson & Johnson. While Johnson & Johnson has these specified weaknesses they deal with, there are even more opportunities which gives them an advantage for strengthening their position in the market. They already have the strength of meeting a broader range of customer needs with their products falling under three categories. Expiring patents on brand name drugs lead to an increase in the sales of generic drugs, Johnson & Johnson could capitalize upon this opportunity. With diagnostic markets growing, this positions the company in a good place as well as new medical therapies and findings that align with some of the company’s primary capabilities. Threats the company faces is with product recalls, extreme competition in pharmaceuticals that results usually in the first to enter is generally where success is determined. With technology developments, biotech concepts might possibly move the traditional pharmaceutical methods out of the
For almost 15 more years. Because of what he did, the trust between physician-pharmacist-patient relationships has been shaken. Pharmacists have taken actions to tighten the rules concerning pharmacies and the dispensing of prescription drugs, have had better communication to ensure that this doesn’t happen again. Legislators in Missouri and Kansas have suggested measures to increase regulation of pharmacies and penalties for tampering prescription drugs. Now has resulted in a creation of a tamper-proof product to ensure quality. Additionally, in January 2006, the Pharmacy Compounding Accreditation Board or PCAB was established. This focuses to standardized practices of compounding prescription drugs. Moreover, pharmacy professional organizations including the Academy of Compounding Pharmacists (IACP), the American Pharmacists Association (APhA), the National Community Pharmacists Association (NCPA) and the United States Pharmacopeia or USP work together with the state authorities to ensure safe and legal practices of pharmacy compounding and dispensing of prescription drugs. (Pharmacy Organizations,