Pharmaceutical Companies, Intellectual Property, and the...

IBUS 3312 - International Management Pharmaceutical Companies, Intellectual Property, and the Global AIDS Epidemic Analysis While this case is literally full of negative aspects, we will only focus on the main points for both arguments. Pharmaceutical companies want to be sure that the products they spend years and millions of dollars to create are not easily reproduced and sold at discount prices. The profits pharmaceuticals make of their patented products are supposed to refinance new research. So taking away their exclusive distribution rights and allowing other manufacturers to just copy the product and sell it at minimal costs also harms the innovative processes in which new and better drugs are developed [1]. Those†¦show more content†¦If you look at how everything has developed since AIDS was first regarded as s major threat to public health in the beginning of the 1980’s it could be said that a lot of progress has been made. Not in a way where infected individuals around the world get the treatment they need or the developing countries get completely the support necessary, but toda y the world is closer to that goal than years before. This is important to outline because people tend to forget the progress been made, as they are only searching for a certain ending or result. The final solution to the dilemma between distribution of drugs to all people in need and the costly and continuous research required to find a cure, is not in reach [3]. What would Help? An important point is that every time the pharmaceuticals yield a little bit to the grounds of intellectual property, big problems start arising everywhere. This could make us wonder if the pharmaceuticals would have yielded completely to what the developing countries were asking, would have people suffering from this terrible virus really gotten the help they needed? It is difficult to answer this question and as seen on the case the solution isn’t as easy as it looks. It wasn’t just a matter of letting generic drugs be produced and sold, there also had to be some regulations to this process to make sure that it was really helping people in developing countries.Show MoreRelatedPharmaceutical Companies, Intellectual Property, and the Global Aids Epidemic932 Words   |  4 Pagesone was,Do pharmaceutical companies have a responsibility to distribute drugs for free or at low cost in developing countries? What are the main arguments for and against such an approach? While this case is literally full of negative aspects, we will only focus on the main points for both arguments. Pharmaceutical companies want to be sure that the products they spend years and millions of dollars to create are not easily reproduced and sold at discount prices. The profits pharmaceuticals make ofRead MorePharmaceutical Companies, Intellectual Property935 Words   |  4 PagesCase Study #1 â€Å"Pharmaceutical Companies, Intellectual Property, and the Global AIDS Epidemic† Questions for Review: 1. Do pharmaceutical companies have a responsibility to distribute drugs for free or at low cost in developing countries? What are the main arguments for and against such an approach? What are the advantages and disadvantages of giving drugs for free versus offering them at low no-profit prices? -I don’t necessarily think that they have the â€Å"responsibility† to do so but I thinkRead MorePharmaceutical Companies2392 Words   |  10 Pagesa lot of discussion about pharmaceutical companies, intellectual property, and the global AIDS epidemic. Do pharmaceutical companies have a responsibility to distribute drugs for free or low cost in developing countries? Why is intellectual property such a big deal? What impact would South Africa’s decision to levy duties on drugs in the country have on the international distribution of drugs? Was the change that provided patent protection for pharmaceutical companies an appropriate change orRead MoreGlaxosmithkline and Aids Drugs for Africa1195 Words   |  5 PagesGlaxoSmithKline and AIDS Drugs for Africa What comes to mind when you hear the words â€Å"pharmaceutical company†? There are many ways to define a pharmaceutical company. According to the Princeton review, a pharmaceutical company is a drug company that makes and sells pharmaceuticals. Another definition for a pharmaceutical company is an industry that develops, produces, and markets drugs licensed for use as generic and/or brand medications. These companies are subject to a variety of laws andRead MoreThe Doha Rounds Trade Negotiations 976 Words   |  4 PagesThe Doha round’s trade negotiations over intellectual property have been long and arduous. After more than a decade there is still no agreement over the extent of patent protection that should be afforded to pharmaceuticals. The shadow of the future adds additional complications, as the involved parties have no reason to settle now, when they can wait and hope for more favorable terms in the future. Despite this looming threat, the future holds promise for a drug access settlement. As technologyRead MoreEthical Justification For Providing Life Saving Medicines2109 Words   |  9 Pagesdilemmas that pharmaceutical companies face. Many countries urge pharmaceutical companies to set priorities for the common good of the people, instead of just the citizens who can gain access or afford expensive treatments. The companies also have a duty to the shareholders of the company, especially in recouping the money that has been spent on the research. If a company does patent its HIV/AIDS drug then they protect it from being common knowledge and avoid losing an edge over other companies, not toRead MoreThe Glbal Phamaceutical Industry1609 Words   |  7 Pages20101233 : 19852274 Assignment Title : The Global Pharmaceutical Industry. Date : 10 March 2012 Programme : BTECH-MANAGEMENT IV Question 1 Identify the main environmental forces currently affecting the global pharmaceutical industry? PESTEL analysis of the global pharmaceutical industry: Political * Governments set stringent regulation and is a powerful purchaser. * Governments around the world focus on pharmaceuticals as a politically easy target in their effortsRead MoreAnglo American Plc And South Afric What Do When Costs Reach Epidemic Proportions?1831 Words   |  8 PagesCLOSING CASE: Anglo American PLC in South Africa: What Do You Do When Costs Reach Epidemic Proportions? Anglo American PLC is the fourth largest mining conglomerate in the world. It currently operates in 45 countries. The original company, Anglo American Corp. of South Africa, was founded in 1917. The company is now headquartered in London. It is also the largest producer of gold in the world as well as it owns 85% of DeBeers, the world’s largest diamond producer. Anglo American’s South AfricanRead MoreTrips Have Been Adopted with a View to Encourage Fair Competiotion at International Level4173 Words   |  17 PagesOF BUSINESS ADMINISTRATION ECON 1102 REGULATORY INSTITUTIONS OF THE WORD ECONOMY Trade-Related Intellectual Property Rights (Trips) Have Been Adopted With A View To Encourage Fair Competition At The International Level, But Trips Rules Tilt The Balance In Favour Of Imperfect Competition With Each Country And Exacerbates International Inequalities. (Discussion With Reference To Pharmaceutical Industry) Name of Lecturer : Rajendran K S Name of Student : Nilesh Singh DateRead MoreTrips Have Been Adopted with a View to Encourage Fair Competiotion at International Level4181 Words   |  17 PagesMASTER OF BUSINESS ADMINISTRATION ECON 1102 REGULATORY INSTITUTIONS OF THE WORD ECONOMY Trade-Related Intellectual Property Rights (Trips) Have Been Adopted With A View To Encourage Fair Competition At The International Level, But Trips Rules Tilt The Balance In Favour Of Imperfect Competition With Each Country And Exacerbates International Inequalities. (Discussion With Reference To Pharmaceutical Industry) Name of Lecturer : Rajendran K S Name of Student : Nilesh Singh Date