What is the Process of Pharmaceutical Industry Dealing?
What is the pharmaceutical industry? The pharmaceutical industry is a vast industry that consists of many players. In the United States alone, the pharmaceutical companies contribute about 12 billion dollars to the country’s economy. The pharmaceutical industry is a world leader in research and development of new drugs and medical devices.
How does the pharmaceutical industry operate? The pharmaceutical industry makes its money by selling drugs and medicines that people need. In order to sell drugs, pharmaceutical companies must invest in research and development. Once a drug is on the market, it must be sold in bulk or retail quantities to pay for the research and development costs and make a profit. Large pharmaceutical companies can be vertically integrated, meaning they operate by purchasing small pharmaceutical manufacturing companies and then combine their sales and marketing forces to maximize their profits.
Why do drugs from the pharmaceutical industry cost so much? The cost of developing a new drug is staggering. Between six thousand and ten thousand dollars per patent are spent on research and development. The manufacturing cost is another seven thousand to ten thousand dollars per patent. It takes a very long time, often 20 years or more, for a new drug to reach the market.
How does the pharmaceutical industry to protect its expensive drugs from competition? The pharmaceutical industry has been notorious for coming up with “standards” to protect their products from the competition. One example is the Food and Drug Administration (FDA). The FDA sets quality standards for pharmaceutical products, but the actual testing of drugs to see if they are safe and effective takes years.
What is the process of pharmaceutical industry reform? In response to the costly development and costly distribution of pharmaceutical drugs, some in the pharmaceutical industry are trying to find ways to make the process less expensive, which would reduce the profits to the company. Reforms have included cutting costs by outsourcing manufacturing to countries such as China. Another attempt is to reduce the number of patents granted each year. And some companies are trying to lengthen the life of their patented drugs, so that they can keep them in business longer.
What is the process of pharmaceutical industry corruption? Pharmaceutical companies are not out to just give away their drugs for free, though they will tell you that it is. They will use slick advertising and slanted news reports to convince you that you need their product and that you should buy it.
Why is the cost of health care through pharmaceutical industry corporations so high? These large businesses have pillaged the entire economy for profit. The labor that they pay is inefficient and often causes health problems. The environmental impacts that they have on our health and our environment are immense. What is the process of pharmaceutical industry corruption going on in your doctor’s office or at your hospital?
The solution to this problem is simple. We must break free from the grip of pharmaceutical industry giants such as Merck, GlaxoSmithKline, Pfizer, Sanofi, etc. that have raked in millions upon millions of dollars on the backs of innocent humans through marketing false promises, fraudulent drugs and kickbacks. If we want to continue to keep our health around us safe and healthy, we must vote these corporations out of office and elect those politicians that will enact legislation to eliminate corporate welfare and regulate pharmaceutical industries. This way you will not be ripped off by the pharmaceutical industry any time of the day or night.
How is the process of pharmaceutical industry deregulation going to affect me and my family? Your health is the most important issue in your life. What is the process of pharmaceutical industry deregulation going to do for me and my family? You bet it is not very exciting.
One thing that is for certain is that once pharmaceutical companies are removed from the equation, there will be no more expensive drugs being made or sold to our nation’s citizens. This is not a very comforting thought, is it? But what is the process of pharmaceutical industry deregulation going to do for me and my family? Pretty boring, no, but it is a start.
So what is the process of pharmaceutical industry deregulation going to do for me? Not much. But I am going to take what I learned about this issue and use it to my advantage in my job and in my life. I just hope that my peers in the workplace follow my example.