Purchase Solution

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

Not what you're looking for?

Ask Custom Question

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.

Purchase this Solution
Solution Summary

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

Solution Preview

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 ...

Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance

This quiz test introductory finance topics.

Operations Management

This quiz tests a student's knowledge about Operations Management

Lean your Process

This quiz will help you understand the basic concepts of Lean.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

View More Free Quizzes
Related BrainMass Solutions

  • Reasons for high cost of medicines by pharma companies

    companies which are charging high product price in the market.

  • State your position on issue: Pharmaceutical companies are unfair in charging prices

    segment of business (life saving drugs) - look at issues like Intellectual property rights - suggest on subsidy on life saving drugs to reduce the cost to the end customer The solution lists five possible hints for the start of paper.

  • Pharmaceutical Companies

    This response addresses the issue of Big Pharma and the skyrocketing prices they charge in Western countries for life-saving drugs.

  • Good corporate marketing or unethical corporation

    Such price discrimination should be discontinued especially for life savings drugs which is extremely essential for saving lives of millions of patients all over the world. B.

  • Pharmaceutical company's pricing: Fair or Unfair

    I do not think so that pharma companies are unfair in charging prices that so far exceed the costs of the chemicals of their products, especially in lifesaving drugs because it is essential for such companies to earn a profit margin on the sale of their

  • Pharmaceutical Prices

    I do not think so that pharma companies are unfair in charging prices that so far exceed the costs of the chemicals of their products, especially in lifesaving drugs because it is essential for such companies to earn a profit margin on the sale of their

  • GKS acquisition of Domantis LTD - Big Pharma R&D

    It is, however, a long-term bet and Glaxo is paying a high price for a business which has raised a modest $83 million (42.4 million pounds) from venture capital backers since its launch in 2000.

  • Strategic analysis

    The biotech industries also have problems of merger and acquisition by other industries. ? Opportunities: With the new technologies, the biotech industries are able to make drugs for the new and emerging diseases.

  • Pharma Heal Corporation and Government of Sustainia

    "Pharma Heal Corporation" has a mission of using its practical research for saving lives in developing world nations.

View More Related Solutions