Dr. KJ is a registered pharmacist who works as the head of the pharmaceuticals department in hospital M. He holds a baccalaureate in nursing from the Nova Southeastern University. He is currently pursuing a doctorate program in the pharmaceuticals field and has already completed four years plus the required pre-requisites. I sought to have a one on one with him with the intentions of having him expound on several issues surrounding the profession. To this effect, therefore, we planned for an interview with him in his office at hospital M to help in seeing to it that this objective ...
Essays on Generic Drug
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Pharmaceuticals Price: What can we do about it
High pharmaceutical prices in United States are a byproduct of a complex interplay of factors including, institutional peculiarities of health care system (payor-provider mechanisms), lack of government regulation of prescription drug prices, high cost of research and development, international price control regime, the inherent profit imperative of the corporate pharmaceutical sector and its lobbying ability in political circles. There are no simple solutions to this vexed issue and dealing with it requires a multifaceted approach including, at policy, institutional, legislative and regulatory levels. Some of the steps required are mentioned below: - Negotiation for discounts on prescription drugs: As is the ...
A monopoly is a market situation where there is only one seller but a number of buyers. The seller is the price maker. The monopolist enjoys absolute market power by virtue of which she can earn supernormal profit. The monopoly power depends, to a large extent, on the possible threats to competition. If the monopolist finds potential threat in terms of entry of competitive firms, the monopolist tries to take effective strategies to keep competitors at bay. The market power of the monopolist depends on how effective the entry barriers are. It is because of the entry barriers that he monopolist remains a ...
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Part I
Employee Health Insurance Plan The workers are the back bones for any organization. The workers are working towards the company objective so it is the responsibility of the company to take care of workers in all the aspects. Providing importance to the health insurance for the workers is the sole responsibility of the company management. The workers can be benefited by the Oxford health insurance policy. I will implement the oxford health insurance plan for my workers because oxford health insurance covers all the issue related to the health. Workers need to pay just $10 for meeting a ...
The FDA has been worried about the flood of generic drugs, which are cheaper, of the highly popular pain killer OxyContin. On the other hand the consumers are worried that they are being denied a valuable drug at more affordable price. Law enforcement agencies and legislatures are worried about the possible fallout as the drug is highly addictive. So, as the patent for the original OxyContin was about to expire, the FDA declined from extending the license to generic drug manufacturers. Subsequently, Purdue, the manufacturer brought out a reformulated version in 2010. This version is difficult to crush, and therefore, making ...
The generic drug industry is known to provide consumers with quality, safe and effective drugs at cost cheaper than those of brand-name drugs. Brand name products are usually higher in price than their generic equivalents. For instance, while the cost of 20mg Prozac antidepressant goes for $2.9, its generic sells at only $0.91. Additionally the while the cost of 15mg BuSpar, a different depressant sells at $2.3, its equivalent generic is sold at only $0.98 (Maisto and Mark, 14). Generally, it is very unusual to find the price of the generic drug going beyond 40% of the cost of the ...
This paper gives an in depth analysis of the Johnson and Johnson, commonly referred to as J&J. Johnson and Johnson is an international, diversified pharmaceutical and medicinal producer. Besides, it is one of the largest health care related service providers and has drastically reformed people’s perception towards health care. It is indeed a top achiever in the health care industry as well as in general human health and happiness. In fact, its success is attributed to a well defined vision, mission, objectives and core strategies. Its existing vision, mission, objectives and core strategies are discussed as under.
Johnson and Johnson ...
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