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.
Prepare journal entry to record acquisition of four assets
State the purpose of Export-Import Bank?
Discuss about the different ways in which the political events in the host country affects the local operations of MNC.
Discuss how the special drawing rights (SDR) are formed. And also, explain the circumstances due to which SDR was created.
Explain the term Insolvent in brief associating to debt?
Discuss the cost of accidents to an employer in from a perspective of why prevention is better than cure ?
Assume there is non-tradable asset along with the perfect positive correlation with a portfolio T of the tradable assets. How will non-tradable asset be priced?
Revenue: The amount (sum) of money which a company really receives throughout a specific period, comprising discounts and deductions for the returned merchandise. This is the "top line" or "annual income" figure from which costs are subtracted to find
State difference between the Euro-medium-term-note market, the Euro note market, and the Euro commercial paper market?
What is your recommendation concerning investment with/in the Value Trust? a. Why do you recommend? b. Why don’t you recommend?
18,76,764
1936335 Asked
3,689
Active Tutors
1439468
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!