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    Reasons for high cost of medicines by pharma companies

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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 Preview

    Some Hints for your answer:
    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 ...

    Solution Summary

    The solution provides bullet points to put arguments in favor of pharma companies which are charging high product price in the market. So look for this answer if you are going to support the argument.