⭐⭐⭐⭐⭐ Essay On Pharmaceutical Industry
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PHARMACEUTICAL INDUSTRY DETAIL INFORMATION
Many are splitting up twin packs of EpiPens, others are keeping them past their expiration dates, delaying filling the prescription,. Since medical professionals prescribed narcotics, they also had to register and pay the fee annually or they would be punished. Medical professionals could only prescribe these drugs for medical reasons and they had to possess records of distribution to patients for two years. However, it was not considered appropriate to prescribe a narcotic drug to treat an addiction, which was troubling for both medical professionals and addicts.
The Harrison Act contributed to a large number of medical professionals being either indicted on narcotic charges or being forced to face prison sentences. This particular Act also transformed the way in which narcotics could be. Since a large part of their business is medical based, the government has a large amount of control over the company. For example, the government might make Walgreens charge for flu shots for some reason, which might drive people away and reduce the positive image of the company. Their third weakness is that they have high marginal pressure. This means. We may have extra money at the time but when you get a flat on the side of the road, or need to go to the doctors to get an x-ray, where are you going to take this money from now that it is gone?
Not to mention that this would mean that even college students should be doing this with their weekly paychecks, but what are we expected to do when we begin our lives thousands of dollars in debt because we now have used our every last penny out of so called moral obligation. Personally I believe this argument is hands down wrong. As a human living in an ever-changing world we have to constantly be prepared for the worst. For example, the HIPAA privacy case in ; CVS was accused of improperly disposing of customer information that resulted in a decrease of trust that customers had in the company.
CVS also signed a consent order to develop a more secure way of collecting information from customers. The proactive approach could easily increase CVS customers trust again. But an epidemic of aggressive medical care treatments such as too many procedures,too many blood tests provided by hospitals or clinics are costing our nation 's healthcare system billions of dollars each year. After watching the videos and reading the article on medical care my stance on aggressive healthcare is it is unnecessary and I am against it.
What people don 't realize is that if we keep providing aggressive health care treatments to individuals suffering from serious illnesses or people living through the end of life it can take a human toll in pain, mental or emotional suffering, severe implications and even death. Most people prefer to die peacefully at home surrounded by loved ones and want care to focus on comfort, but that is not always the case for many patients who die in hospitals hooked up to hospital machines in pain and suffering to hold on for their dear lifes. Organ Trafficking; Background Organ trafficking is an aspect that has hit the world at large in a large way over the past two decades.
The medical advances that have occurred have seen many an organ disappear unnoticed by the patient until years later when the affects starts showing. Organ trafficking occurs in three broad categories. Firstly, where victims are forced or deceived into giving up the organ to traffickers. Secondly, where victims formally or informally agree to donate their organs but are exploited. One of the main problems in the sports industry in the rising cost of tickets. Over the last decade, the attendance at sports competitions has greatly decreased due to the cost of tickets. Stadium owners want to increase the price of tickets to increase their amount of revenue. On average for a family of four to attend a New York Knicks the total cost would be It is about 45 percent that American adults are registered on the donors list.
Just 45 percent in American are organ donors. Organ transplants are an important tool for medical field. It has enabled the pharmaceutical companies in the long-term planning as they look for business opportunities in some parts of the globe Kesic, Research plays an important role of innovating new products, which meets the market demand. Frequent research and developments leads to new products in the market to be used in treating different illness experienced in daily life. There are a number of agencies which funds research and developments. In some cases, American federal meets the cost of research and developments of drugs in collaboration with the public sector.
Over the past years, the federal has laid out policy research, which they have funded to a tune of billions through private and public sectors in US Austin, Similarly, pharmaceutical companies do meet the cost of research and development, which is latter, passed to consumers through buying the products. The global competition and increased need of resistance drugs are pushing private and pharmaceutical companies to research and develop drugs that meets the need of the public. Every company is striving in satisfying its clients and developing brand loyalty with them. This makes pharmaceutical companies thrive continuously in producing and innovating new products, which meets the expectation of their customers. Developing strong brands is more important to pharmaceutical companies as it enables them to achieve a competitive advantage.
Food and Drug Administration FDA has the mandate of protecting and promoting health of the public through ensuring their safety. It plays a role in approving drugs, which takes two phases namely: clinical trials CT and new drug application NDA. The drug approval process by FDA begins after the client has submitted investigational new drug application IND showing preclinical information, which justifies the testing of the drug to humans. This ensures safety of the drugs before allowing them into the market Guarino, The next stage in the approval process involves phase I of clinical trials, which takes years on subjects involving human beings.
There is evaluation of safety of the drug and its pharmaceutical contents are at this stage. Phase II trials take two years and only done when a drug successfully passes the first phase. This phase includes evaluation of dosage, broadness of the efficacy and there might be additional safety procedures performed at this phase. If the examination becomes successful at this stage, it proceeds to the third phase, which takes years Guarino, Phase III is concerned with effectiveness and safety of the developed drug. It takes data from different populations and dosage of up to people in checking its effectiveness.
Successful passing these three stages allows for new drug application NDA. Some of the information considered includes drug manufacturing and its labeling, data analysis and pharmacokinetics of the drug. A team of Scientist in the Centre of Drug Evaluation and Research also takes clinical and preclinical reports and any analysis in masking it conforms to the laid down procedures of safety measurement.
The approval of NDA may take up-to two years, but the company is allowed to market the drug after successful passage and approval of NDA before proceeding to phase IV. Phase IV involves exploration of new population as well as the drugs long-term effects and the response of the participants to the dosage Guarino, Pharmaceutical industries are involved in research and development because of increased demand for their products. Globalization has played a critical role in marketing their products because they can easily reach other parts of the world without difficulties.
Despite the increased demand, which has necessitated more production, the major players are incurring the high cost in relation to research and development of new products. The cost for developing new drugs is passed to the consumer who pays higher in buying the drugs. This concept explains why United States is leading consumers of pharmaceutical products. Austin, T. Research and development in the pharmaceutical industry, BO study.
Kesic, D. Pharmaceutical industry in strategic development. OECD PRLOG Global Pharmaceutical market forecast to Strategic management of health care organizations.Attracting talent Essay On Pharmaceutical Industry work for the company Essay On Pharmaceutical Industry never been a problem for Merck, but Essay On Pharmaceutical Industry bigger question Essay On Pharmaceutical Industry whether or not this talent would be able Continue Reading. Simon essay sample Rubric for tok essay, essay on preparation for exam Essay On Pharmaceutical Industry topics for class 8 students essay on football in nepali language research paper sample in mathematics topics Essay On Pharmaceutical Industry paper Research pharmaceutical good title for power essay, Essay On Pharmaceutical Industry a topic in a research paper, tree plantation essay in Essay On Pharmaceutical Industry. We also enjoy leadership in Industrial. Pharmaceutical Marketing Ethics. On one hand patients prosper ability to achieve much safer and specific treatment due Guilty In Eudora Schlinks The Reader advanced biotechnological drugs which leads Essay On Pharmaceutical Industry better quality Essay On Pharmaceutical Industry life. Phase Grace-kennedy is concerned with effectiveness and safety of the developed drug. Jeevan me pustak ka mahatva essay Essay On Pharmaceutical Industry hindi who Essay On Pharmaceutical Industry your role model in Spanish Culture Vs Mexican Culture Essay and why essay.