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The Pharmaceutical Industry And The Aids Crisis

The Pharmaceutical Industry and the AIDS Crisis in Developing Countries

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Title: The Pharmaceutical Industry and the AIDS Crisis in Developing Countries

Essay Details:

Subject: Business

Author: Nicholas G

Date: October 24, 2015

Level: University

Grade: A

Length: 7 / 1877

Essay text:

Can the needs of the poor be met through increased access to the drugs, without necessarily hurting the profits of the drug companies? Past Trends and New Developments 3 The following table summarizes the price changes for brand and generic drugs from 2000 to 2001 (IAEN). Patents and Monopoly Power 4 Prices charged by pharmaceutical companies for patented drugs are commonly several orders of magnitude higher than their marginal cost (the cost of producing an additional unit of the drug). For innovative products like antiretrovirals, private firms legitimately need to recover their high overhead costs for research and development and for fulfilling the regulatory prerequisites of market approval in high-income countries...

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