Executive Summary New drugs are continually proposed to have fewer and less severe side effects than older drugs. This is a cycle that is performed by drug companies. Introduction One of the tricks drug companies use to market new drugs is to claim that their new drug has fewer and less severe side effects than…
Executive Summary Much of the focus in the pharmaceutical industry is on new drugs. What is left out of the equation is the discontinuation of generic drugs. Introduction Often pharmaceutical pricing is just accepted without considering the reasons for such high costs. Go to top The Rubix Cube of Pharmaceutical Pricing The US pharmaceutical licensing,…
Executive Summary This article deals with the surprising reasons for the price of pharmaceuticals. Introduction Often pharmaceutical pricing is just accepted without considering the reasons for such high costs. Go to top How Pharmaceuticals Are Marked Up Pharmaceuticals have a massive markup; however, unlike the claim of the pharma companies, they do not need such…
Executive Summary Drug companies are supposed to only receive excess profits during the patent period of their drug. Through false advertising, they try to extend this timeframe. Introduction Generics have an expired patent — so the cost is manufacturing, distribution, and marketing. However, this does not stop the expired patent holder from trying to trick…