Drug maker-stymie generic competition
Drug maker want to stymie generic competition. Elucidate this statement.
Expert
The drug maker has been willing to hind the stymie generic competition of their drug through being keeping a patent on the drug through the use of Hatch-Waxman Act enacted in the year 1984 that means that the patent has been placed on the drug for preventing anybody else to make, use as well as to sell patented invention. This has been granted through the government or the regional authority. The patent term lasts for twenty years that means at that point of time, patent holder are having the monopoly on invention such as the medicine as well as may charge highest price that market may bear.
However generic drug makers are regularly challenging the drug patents by the time they have been scheduled for the expiration. It has been a billion dollar business as well as nobody has been willing towards sharing in profits till they need to provide rights for making the drugs. To keep all the others away by our drug as well as keeping patents as long as it is feasible in making much more money for company (Association, 2011).
This was proven towards being a case for HIV medicines to develop countries. If HIV medicine initially came out patent has prevented lot of people from using that as that had been very costly, after generic versions of medicines are present, prices fell on the average about forty to eighty percent. For instance the price of traditional, 1st line HIV medicines had been fell from much more than United States $10,000 for one person every year in the year 2000 towards under $70 now a days.
Q : What is the equivalent rate A bank A bank quotes an interest rate of 13.5% per annum with quarterly compounding. What is the equivalent rate with (a) continuous compounding and (b) annual compounding?
A bank quotes an interest rate of 13.5% per annum with quarterly compounding. What is the equivalent rate with (a) continuous compounding and (b) annual compounding?
Identify and explain important components of social interaction.
What is Bond market and how it execute?
Define status and role, explain the difference between the two, provide illustrations.
Define the term Multiplicity (Creativity as process) in creative industry ? And also state the different personality traits and intellectual aptitudes which might contribute to creative thinking ?
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Security returns are found to be less correlated across various countries rather than within the country. Explain Why?
Accountancy is the process of communicating financial information about a business entity to users such as shareholder and manager. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in s
Do you face difficulty with embedded system problems using matlab? Do you require help in embedded system assignment and project? We have team of tutors who are highly qualified and practiced in embedded system using matlab. They have vast industrial knowledge of matlab. W
18,76,764
1928811 Asked
3,689
Active Tutors
1429379
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!