Pharmaceutical Industry

Essay text:

Political will could be solidified. ? The disease is concentrated among the elderly: those who have the greatest ease to mobilize resources, (they have more resources and more organized mobilization structures). ? The elderly vote at a higher rate. ? Political buyer power: Medicare bill Sociocultural factors • Population demographics • Income distribution • Social mobility • Lifestyle changes • Attitudes to work and leisure • Consumerism • Levels of education Socio-cultural ? Cuts across races (high) ? Segment of permanently retired is increasing (high) ? Life expectancy growth (high) ? Population is older (high) ? Lifestyle/diet and exercise (high) ? Level of education (high) Economic factors • Business cycles • GNP trends • Interest rates • Money supply • Inflation • Unemployment • Disposable income • Energy availability and cost Economic ? Real wages have been declining (high) ? Retirements have been extending while retirement saving has been dwindling (high) ? Recession (low) Technological • Government spending on research • Government and industry focus on technological effort • New discoveries / development • Speed of technology transfer • Rates of obsolescence Technological ? Internet/Web drug information ? New drug classes ? Internet and mail-order sales ? E-commerce Which of these are the most important at the present time ? In the next few years ? Strengths • High-end efficacy compared to other statins for aggressive reduction in LDL-C...