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Charging high price for life saving drugs by pharma co's

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You have been asked to provide your expertise and opinion on the issue below to a Congressional Committee. State your position on this issue:

Pharmaceutical companies are unfair in charging prices that so far exceed the costs of the chemicals in their products, especially in lifesaving drugs.

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Solution Summary

Provides points in favor of the argument that the price charged by pharmaceutical companies is not unfair.

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Price charged by pharmaceutical companies is not unfair. Reasons

- the costing of drugs includes not only cost of chemicals but also amortization of R&D expenditure. R&D ...

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