Free Generic drug Essays and Papers

Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
  • Good Essays

    What are generics drugs? Well, in the pharmaceutical world generics have a popularity of being the cheaper version of brand named drugs. Generic drugs are medications that provide the consumer with the same equivalent quality of care as that of brand name drugs, at a much lower price. These drugs not only make medicine affordable but also have a low cost of production. Unlike the producer of the original brand name drug, the generic drug producer does not have to undergo comprehensive research, sacrifice

    • 831 Words
    • 2 Pages
    Good Essays
  • Good Essays

    allow the pharmaceutical company which produced the drug, the right and ability to sell it. These patents create a temporary monopoly which allowing firms who paid for production to make a profit for their investment. Generally after the patent has expired, the drug is then mass produced under generic labeling, and is often much cheaper and accessible than was the patented version. But throughout the duration of the patent, availability of the drug has become a large problem. With only one company

    • 586 Words
    • 2 Pages
    Good Essays
  • Better Essays

    prescription generic drugs, which are more in abundance and competitive, over brand name drugs. Generic drug prices are inflated; their rates are set at high levels, by the provinces. Canada has its own drug makers, which produce generic drugs to international countries. Generic drugs are cheaper, the time required to develop a generic is shorter and the costs are much lower to produce, than that of the brand name medicine. Ontario’s Drug Benefit Program prevents consumers, from buying drugs at competitive

    • 1062 Words
    • 3 Pages
    • 11 Works Cited
    Better Essays
  • Good Essays

    Generic Drug Savings

    • 554 Words
    • 2 Pages

    Generic drug savings are widely recognized as a long-term solution to rising health costs. The 2014 Express Scripts Drug Trend Report shows that since 2008, the price of brand drugs has almost doubled but the price of generic drugs has been cut roughly in half.6 Purchasing generic versions instead of their brand-name equivalent drugs can provide substantial savings, not only for state and local governments and Medicaid programs, but also for health insurers, employers, employees, and direct pay

    • 554 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Generic or Brand-Name Drugs: You Decide

    • 577 Words
    • 2 Pages
    • 4 Works Cited

    Buying generic instead of brand-name drugs is one way to save money. However, not all generic drugs are equal to their brand-name counterpart. Generic Drugs According to the Food and Drug Administration (FDA), 158 billion dollars was saved by Americans in 2010 simply by purchasing FDA-approved generic drugs instead of brand-name drugs. At that time, generic drugs cost on average 80-85% less than the brand-name medication with eight out ten prescriptions being filled with generic drugs. The reason

    • 577 Words
    • 2 Pages
    • 4 Works Cited
    Satisfactory Essays
  • Satisfactory Essays

    · Describe the nature of supplying drugs to emerging markets at an affordable price without undermining their profits · Research and analyse in depth the effectiveness of one proposed policy response to this issue. Introduction 1 2001 saw a flurry of events, as highlighted in the excepts of the case study, which caused an awareness by the international community of the inequality between rich and poor nations in the care and treatment of people living with HIV/AIDS. 2 Epitomized by the lawsuit

    • 1837 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    attract investment. In addition to this pharmaceutical companies can also regulate the price of the drug as they will be the only company selling that drug. However these aspects of patents can adversely affect the generics industry. The generics industry cannot make or sell drugs that are patented but once a patent licence expires, both the generics industry and the WHO see increased benefits as drugs become more widely available around the world (i.e. developing countries) at a lower price. Here we

    • 1477 Words
    • 3 Pages
    Better Essays
  • Best Essays

    company of Israel had become a successful global giant in the industry of generic drugs. After experiencing a long period of success and growth in the generic drug industry against some big western pharmaceuticals the company had acquired many well known pharmaceutical companies and had achieved its goal of 1 billion dollar theory seemed to be in troubles in building a new strategy and vision to compete with the rapidly growing generic industry. They confronted two big issues as key hurdles in their way

    • 2720 Words
    • 6 Pages
    Best Essays
  • Powerful Essays

    The purpose of this paper is to examine a six-year global campaign started by Médecins Sans Frontières (MSF) in 2006, to seek public understanding on the importance of generic life-saving medicines in developing countries, and to challenge Norvartis pharmaceutical company to drop its patent case against India. This paper seeks to investigate the campaign’s objectives, adopted tactics and results, to answer the questions How did MSF approach its diverse publics? and Was this campaign a success? Within

    • 1898 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    AIDS

    • 1649 Words
    • 4 Pages
    • 9 Works Cited

    African problem this is a world wide concern. It is estimated that over 50 million world wide have contracted the HIV/AIDS virus. (www.avert.org/aafrica.htm) Why during such an epidemic are drugs not reaching the people who need them? There are a few issues surrounding the distribution of these and other drugs including market size, patent laws, compulsory licensing, and price discrimination. Pharmaceuticals have played a key role in improving health world wide. Health trends in the 20th century

    • 1649 Words
    • 4 Pages
    • 9 Works Cited
    Satisfactory Essays
  • Good Essays

    pharmaceutical market is undergoing rapid transformation. There has been a dramatic shift towards emerging markets as western markets slow down. In terms of the economic environment, although India was characterized by low per capita gross domestic and Indian drug prices were among the lowest in the world, under the leadership of Dr. Monahan Singh, the country began the process of liberalization. This economic reform together with the globalization trend was moving the economy away from import substitution to

    • 1708 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Actavis Pharmaceutical Company

    • 1044 Words
    • 3 Pages
    • 1 Works Cited

    that were chosen and why Actavis was the organization I decided to conduct my research on due to the company being a pharmaceutical company, with the pharmaceutical company on the raise in the economy and many insurance and doctors leaning towards generic brand medicine Actavis was a great pick for me to start my career and do my research on them as well to give me an idea of how the pharmaceutical industry works. Business management is currently my major and I fore see myself working as business administrator

    • 1044 Words
    • 3 Pages
    • 1 Works Cited
    Good Essays
  • Good Essays

    Business Model Analysis

    • 2389 Words
    • 5 Pages

    I. Introduction TEVA is one of the top fifteen pharmaceutical companies in the world, especially being a leader in the generic sector and active pharmaceutical ingredients (API) suppliers. TEVA, headquartered in Israel, has over 46,000 employees in 60 countries (Ellis, 2012). This essay analyzes current business model of TEVA Pharmaceutical Industries Ltd, based on a selected model. Onwards, through a radical overhaul, it indicates the most fundamental challenge and the changing prospect that TEVA

    • 2389 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Eli Lilly and Company is an American global pharmaceutical company. Colonel Eli Lilly, a pharmaceutical chemist and veteran of the U.S. Civil War, founded Eli Lilly and Company on May 10th, 1876 in the state of Indiana, Indianapolis which is where the company's headquarters are currently located. Eli Lilly is the 10th largest pharmaceutical company in the world and is dedicated to creating medicines that help improve peoples' quality of life. Eli Lilly is also the world's largest manufacturer and

    • 616 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    of Ciba-Geigy and Sandoz Laborites. Since Chiron itself no longer exists, we have focused our case around Novartis as of 2013. Novartis specializes in diagnostic services, generic and name brand medications, ophthalmological tools, as well as a small segment in pet health. The business prides itself in producing the latest drugs, hiring the best talent, and being a global leader in the pharmaceutical industry. Over the years the company has survived by focusing on its internal development in addition

    • 1722 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    The high price of life saving drugs produced by the pharmaceutical industries demands your attention. This high price is being subsidized by hard working Americans. If you hear about the high cost of health care, it is not the cost of band aids and casts for broken bones. Some of these high costs are directed from the pharmacy. Big Pharma companies should be in the same boat as hospitals. Hospitals are under the microscope of the Joint Commission governing body; and are run with patient safety

    • 743 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    next force is economic. For the now we feel that the pharmaceutical industry is greatly affected by the economic force as people have more spendable income and will be more likely to purchase brand name drugs. As income dwindles, some poor individuals may be unable to purchase even generic drugs. Within the next three to five years since we are coming out of a recession, we will see consumer spending increase and the demand for the highest quality of medicines increase. The economic force will greatly

    • 926 Words
    • 2 Pages
    Powerful Essays
  • Good Essays

    pharmaceutical company Mylan acquired Merck and their multibillion dollar generics business under CEO Robert Coury. Coury immediately appointed one of his top executives, Heather Bresch, to integrate the new products into the company’s pipeline. Bresch became Mylan’s COO later that year and decided to focus primarily on the Epipen, a spring-loaded syringe device created to deliver an exact dose of epinephrine, a severe allergy life-saving drug which immediately reverses life-threatening reactions to bee stings

    • 1451 Words
    • 3 Pages
    Good Essays
  • Good Essays

    decision that needed to happen. Shkreli argues that selling the drug at $13.50 puts Turing Pharmaceuticals at a loss, and that a price increase is necessary for Turing Pharmaceuticals to operate. Shkreli believes that if Turing Pharmaceuticals is profitable, it can use the money to do more research to develop more drugs that will help more people. In fact, in a new video, Shkreli claims that Turing Pharmaceuticals has created a drug that deals with a degenerative brain disease. He claims that only

    • 1111 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The New Deal

    • 1051 Words
    • 3 Pages

    medicine was largely unregulated. Pharmacists used “secret recipes” that included poisons, narcotics, and other raw materials to make drugs, but those drugs were also commercially available without a prescription. There was little evidence that these drugs actually worked and little regulation to insure that they were made and delivered safely. As more dangerous drugs were developed, such as sulfonamides, antibiotics, and cortical steroids, regulation increased, and the role of the FDA grew (Bud, 330)

    • 1051 Words
    • 3 Pages
    Better Essays