Essays on Pharma

Medicare and Managed Care

The U.S. government started initiatives to make medical assistance to as many citizens as possible. This program is one such initiative by the government. Medicare is a health program under the federal government that covers individuals who are 65 years and above. It also includes younger people with various disabilities. Also, people with renal diseases that require dialysis and any other medication are covered by this program. Medicare was created in 1965, ("What is the History of Medicare? | National Academy of Social Insurance", 2017). At this time, many people above 65 had difficulties accessing health care. In essence, this ...

Purpose

This paper intends to investigate how well the Pakistan pharmaceutical industry’s supply chain system performs. The thesis aims to achieve this purpose by examining the transportation, outsourcing, logistics management, and government regulations, and how these factors influence the efficiency and effectiveness of the pharmaceutical industry of Pakistan. In particular, the paper provides insights into the performance related practices used in the Pakistani pharmaceutical industry. Consequently, it points out the need for more research aimed at capturing dynamics and specific operational characteristics of local networks for development and improvement. Further, by denoting the relationship between system practices and SCM ...

INTRODUCTION

Background to the Study  The Russian Federation with seventeen million kilometer square of surface area is the world largest country. The country has a major deposit of oil, timber, coal, natural gas, and a variety of mineral like any other country; designing of healthcare systems is based on the needs of healthcare in Russia. Countries for providing good healthcare to their people invest huge amounts in designing significant policies. Around the world, a wide variety of healthcare systems exists; countries attempt to improve the health of their people because it also affects the economic growth as well. Development of ...

Business

Ethical Issues Ethical Issues in Marketing Ethical frameworks within the ambit of marketing would relate to practices that emphasize ‘transparent, trustworthy and responsible’ personal and organizational marketing policies and actions that exhibit ‘integrity and fairness’ to consumers and stakeholders (Parilti, Demïrgüne, & Özsaçmaci, 2014). Marketing ethics enjoins that a marketer should act in a way that he does not harm anyone and follows rules and regulations (Al-Nuemat, 2012). PharmaCARE circumvented the FDA’s scrutiny by creating a subsidiary, CompCARE, as a compounding pharmacy. PharmaCARE was aware of creating a fresh drug, and yet did not take FDA ...

Executive Summary

Globalization of economy and continuous innovations have necessitated business organizations to think beyond familiar premises. Business organizations are exploring opportunities in new territories for diversifying into new products to confront the challenges that have emerged from increasing competition and market saturation. Countries like India and China have emerged as preferable destinations for product expansion because of liberalization of business policies, a promising growth rate and availability of skills and other resources at a cheaper rate compared to United States and Europe (Johnson & Tellis 2008). However establishing business operations in a new country can only be successful if it is ...

Business

Stakeholders Stakeholders are people or organizations who have an interest in or are affected by any policy or action of an organization. Stakeholders have a number of key characteristics. They may be characterized by their interest or stake in the company. They may also have the potential to contribute to the successful conduct of business for an organization. They can further be characterized by the decision making power they have on the activities of the company (Schmeer, 1999). Stakeholders in the case of PharmaCare are discussed in following paragraphs. Shareholders. The shareholders in PharmaCare would be interested in profits, ...

Smart watches

It is evident that smart watches have revolutionized the contemporary and highly technological world tremendously. However, the current use of smartphones only offer a glimpse of what smart watches can do in the future when its application is fully embraced. Consequentially, the application of smart watches is postulated to stretch beyond its current range of use that merely involves the retrieval of data from other devices and the collection of information from both external and internal sensors. Given, smart watches are invaluable wearable gadgets when it comes to the collection of personal information including blood pressure and heart rates. ...

Abstract

In the current health scenario, the old adage ‘prevention is better than cure’ is outdated ("A New Vision of Wellness", 2011). Health costs are increasing day by day, but diseases have become more prevalent than before. Incidences of impaired mental health are on the rise. Isn’t it high time that we stop and take a look at the current medical scenario? People are suffering from chronic diseases like asthma, depression, diabetes, heart disease, pain, and even attention and learning problems. Moreover, the pharmaceutical companies are always introducing newer and better medicines and expensive ones too, but still, there ...

Would Pharma Corporation be eligible to be an S Corporation? If one of the shareholders objected, would the other two do a vote to become an S corporation without the third? Legally speaking, Pharma Corporation can become whatever type of corporation it wants to be. It is necessary, however, that it be able to fulfill all the regulatory and procedural requirements set by the federal and local government needed to obtain certification for being their chosen type of corporation. This means that Pharma can become an S Corporation. The United States Internal Revenue Service (IRS) defines S Corporations as “ ...

Introduction

Information or data regarding any subject plays an effective role in daily routine. Similarly, for the purpose of treatment and medication in the parameters of healthcare, there is certain clinical information use to be collected in order to encourage the treatment known as Secondary Healthcare Data (Health & Social Care Information Centre). According to Price Waterhouse Coopers, by the appropriate use of data in terms of secondary purposes, would be the most effective method regarding improving healthcare costs and outcomes (Coopers). The efficiency of secondary data can be observed in different dimensions such as in keeping ...

The main objective of health care is to give patients added value in the form of improved health (Government.se, 2014). This necessitates smooth and efficient running of health care businesses to the advantage of the patients. Unlike other businesses where maximization of profits is the main agenda, businesses providing health care services put the well-being of their patients before any other objective.

In our case, I believe there is a problem as our hospital needs to serve the needs of its patients by providing them with the new stents whereas the offer presented by Pharma Inc to purchase the stents ...

Innovators must deeply experience the world of their Customers

Introduction Miriam Webster defines innovation as a new idea, device, or method. Most people want to be innovative and often think that their good idea will lead to their success and happiness. Ralph Waldo Emerson is famously misquoted as having said “Build a better mousetrap and the world will beat a path to your door.” (Kassinger, 2002 p.128). Mousetraps have been created since the 1800s, but even since 1976 there have been 309 additional mousetrap patents filed (USPTO, 2014). However, if one goes searching for a mousetrap, they will probably find it gathering dust at the back of an old hardware store. ...

Life-cycle Project Diagram

Abu Dhabi Pharma Executive Summary Project Management’s relevance across industry is tested and tried. The Pharmaceutical industry has lately undergone rapid changes. It is demonstrated, however, that project management can add benefits when applied to the new product development in the pharmaceutical industry. The industry is specific for its rigorous regulatory compliance and product quality. Clinical research and drug development is not only key to managing newer infections but also staying ahead of the pack with newer and innovative molecules. Project management techniques can help the planning, scheduling, managing the project phases risks and ultimately assure ...

1. What is Bajaj’s strategy in the Indian motorcycle industry? And that of TVS? Historically, Bajaj was a strong player in the scooter segment. It dominated the scooter market for few decades, but the scooter market faced a decline with the arrival of motorcycles. Bajaj planned to make an entry into the lucrative motorcycle market. It initially started its foray into the 100cc segment but was not successful as Hero Honda’s products were quite superior and economical. It then entered the 150cc segment because that segment was relatively competition free. With the successful launch of Pulsar and Avenger, Bajaj ...

In recent years there has been a great spurt in mergers and acquisitions taking place in the pharmaceuticals industry. Merger happens when two companies form a one bigger company by combining their capital and ideas. Mergers bring not only benefits but many negative side effects as well. Let’s start by discussing the benefits. Some of the benefits of mergers are increase in shareholder value, increase in market share, increase in cost efficiency and increase in value generation. The cost of research and development is extremely high, making drug discovery difficult for companies (1). On an average, new drug ...

Report: Health – Politics, Policy, and Planning

Report: Health – Politics, Policy, and Planning 3 Executive Summary 3 Introduction 4

Links between Health Policies and Politics 5 Health Systems in the European Union (EU) 6 Health Policy Responses to the Financial Crisis in Europe 7 The Importance of Healthcare Planning 8 Conclusions 8 Recommendations 8

References: 9

Report: Health – Politics, Policy, and Planning Executive Summary This report discusses the concept of Universal Health Coverage (UHC), the links between healthcare and politics, the different types of health systems adopted by the nations of the European Union (EU) and the responses by ...

Report: Health – Politics, Policy, and Planning

Report: Health – Politics, Policy, and Planning 3 Executive Summary 3 Introduction 4

Links between Health Policies and Politics 5 Health Systems in the European Union (EU) 6 Health Policy Responses to the Financial Crisis in Europe 7 The Importance of Healthcare Planning 8 Conclusions 8 Recommendations 8

References: 9

Report: Health – Politics, Policy, and Planning Executive Summary This report discusses the concept of Universal Health Coverage (UHC), the links between healthcare and politics, the different types of health systems adopted by the nations of the European Union (EU) and the responses by ...

Objectives.4

Bristol-Myers Squibb5 Mission and Vision Statement..7 Business Strategy..7 Technology Management..9

Pharmaceutical Development9

Technology Strategy for Improvement11 Conclusion12 Recommendation13

References14

Technology Management at Bristol-Myers Squibb Introduction In the world of biopharmaceuticals corporations have to compete with global companies in providing the best medicine in order to help treat illness around the world. The healthcare sector around the world operates in a unique, complex social, ethical, and political environment in which the main priorities of equity are achieved through various means. Bristol-Myers Squibb (BMS) is a global biopharmaceutical company that discovers and delivers the most innovative medicine to help ...

Executive summary p.3

Introduction p.4 Generic drugs vs drug discovery businesses pp.4-6 Specific constraints in high-risk R&D, being faced by emerging markets pp.6-7 Glenmark business model pp.7-8 R&D action plan pp.8-9 Conclusion p.9

References pp.10-11

Executive summary The following case study analysis is aimed at getting an insight into a wide range of issues, being associated with the activities of Glenmark Pharmaceuticals, one of most well-known pharmaceutical companies in the world, headquartered in Mumbai, India. Ckenmark business is currently being divided between two enterprises, namely Glenmark Pharmaceuticals Limited and Glenmark Generics Limited. Aligned managerial teams of both enterprises pursue ...

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Overview of Novartis

Novartis, founded in 1996, is one of the leading multinational pharmaceutical companies of the world. It is a healthcare company with leading positions in pharmaceuticals, eye care, generic medicines, vaccines and diagnostics, and consumer health. It is focused on innovating to meet the new patient needs, increasing its presence in new and emerging markets, and raising productivity to generate future and increase shareholder return. According to IMS, the company ranked no. 1 in top 20 global corporations of 2012 by sales with USD 50.76bn in sales.

Novartis has a diversified portfolio of operations having 5 unique divisions. Among ...

President Obama and the Republicans are really engaging in a bitter war against both sides when it comes to the topic of health insurance for Americans. This research paper will discuss the major issues that exist between the Republicans and President Obama with the Affordable Care Act. I will compare the pros and the cons of the new law. I will explore who will benefit from this law in which has been nicknamed as “Obamacare”. Why are the Republicans fighting so hard to stop this law? How much will it cost the government?

Republicans’ stand

There were claims that the Patient Protection ...

INTRODUCTION:

Owing to increasing competition and technological advancements, organizations are looking for different innovative ideas and strategies to create sustainable competitive advantage. The purpose of these strategies and tactics is to improve the overall performance of the company. This eventually leads to the creation of wealth for the shareholders. The main goal or aim of an organization is to create wealth for the shareholders. All strategies and decisions of the organizations are directly associated with this aim and hence are evaluated on the yardstick of wealth creation for the shareholders. In today’s highly competitive environment organizations are engaging ...

Pharma Benefit Scheme

One cannot deny the fact that Information Systems are major players in the simplification of business processes in all aspects of businesses. Since their early part of the Information Age, information systems have been utilized by companies and government instrumentalities to aid them in the efficient performance of their respective tasks. The implementation of such information systems is not a simple task as sometime it requires the integration of such systems in the currents processes of the organization and even at times requires changes in the company’s business paradigms. Aside from this, its implementation can be a little expensive. A ...

Introduction

Pharmaceutical companies should create and follow a standard operating procedure by implementing a cleaning validation to ensure future patient safety. Validation has received great attention by the FDA in recent inspections. Manufacturers must validate their cleaning process to ensure compliance with GMP regulations 1. One of the main keys in the manufacturing of dosage formulation is to develop cleaning procedures that will remove all types of residues from the equipment and containers. The goal of Cleaning Validation is to ensure effectiveness in cleaning equipment, and to prevent pollution and cross contamination of drug products to ensure the quality, safety; efficacy and ...

Introduction

In March 23, 2010, the US Federal Government implemented the Patient Protection and Affordable Care Act (PPACA) also known as “Obamacare”. This law, signed by President Barack Obama overhauls the US healthcare system, which was formalized in 1965 through the establishment of Medicare and Medicaid. This law’s objectives are to decrease the number of uninsured Americans and reduce the cost of health care, through a series of mandates, subsidies, tax credits and other mechanisms that will increase the number of insured Americans and make the delivery of healthcare more efficient thus reducing costs. This bold law is currently ...

The use of trained sales representatives to convey the merits of the relevant pharmaceutical therapy is a big debate. This, many health professionals believe, should not be the case since the sales representatives are bound to be profit oriented and may overlook the key regulations, which guard the medical practice. Manipulation of patients and doctors to ascribe to the drugs of these pharmaceutical firms through gifts and exaggerated adverts exposes the deep underlying issues of ethics in Big Pharma. This case exposes the many insidious ways that illness is used, manipulated, and in some instances created, for capital gain. ...

The calculus used to justify Chiquita’s action of paying enormous amounts of money to the terrorist group FARC left the company at crossroads. At one point Chiquita was an enviable corporation through it reputable social responsibility initiatives, which included the better banana project (Buchholtz and Carroll 656). On the other hand, Chiquita placed itself in calamitous situation by agreeing to pay out the terrorist so as to protect it workers. This placed the company in a calamitous situation because they were left vulnerable to the terrorist threats, as well as the repercussions of their actions, which are against the ...

Cancer Treatment Worldwide

Cancer industry and Big Pharma's effect on treatment and drugs in the United States of America is different from that of other countries’ largely because of its interaction with the United States Food and Drug Administration (FDA) . The United States’ Patent Office also has its share in the problem. Pharmaceutical companies do not want to fund research into a drug that will not pass through the FDA usage guidelines if it will be off patent before it can be sold for cancer treatment , , . A new law, signed in July 2012 will change how the industry views this. While patent ...

The video, Big Bucks, Big Pharma, really went into detail about how the shift of approach on how drugs are marketed has led to a very compromising involvement of the pharmaceutical companies, well beyond just marketing, but into every aspect, from initial drug development and throughout the entire process. Pharmaceutical companies has become a major influencing force in how people view even the most minor of issues into major ailments that need to be treated, all for the sake of profits. Even natural character traits, such as shyness has been distorted into “social anxiety disorder” that can be treated with a prescription. ...

Report to the Parent Company in the United Kingdom

In reporting to its U.K. parent under IFRSs, how should Pharma Co. account for the above restructuring program for the year ended December 31, 2010? This report to the UK parent under IFRSs requires that the company give details of the prepared exit plan and the accrued costs from this and how it is of benefit to the whole company. The first thing to be reported is the reason for the restructuring and why it is necessary as a strategic process. In this case, the reason is because the Live4 Mor drug production is to be discontinued due to ...

The Rise of Prescription Painkiller:

OxyContin was developed by Purdue Pharma L.P., pharmaceutical company in Stamford, Connecticut. A controlled-release formulation of oxycodone hydrochloride, OxyContin was approved by the Food and Drug Administration in 1995 for treatment of moderate to severe pain; it was designed to give a sustained release of its active ingredient, oxycodone, over a period of twelve hours (Pacheco, 2002)

OxyContin History and Growth Background

OxyContin has been placed in Schedule II of Controlled Substances Act of 1970, indicating that while it is very effective, there is still a risk of addiction. It carries a safety warning called the “black box” cautioning users not to crush, ...

# 1 Question: In his 2007 article, Cervone discusses five process groups and nine knowledge areas in Project Management Institute (PMI). Which two knowledge areas are most critical in delivering a successful project and why? In his article Standard methodology in digital library project management Cervone identifies 9 knowledge areas in Project Management Institute: scope management, time management, cost management, quality management, human resource management, communications management, risk management, procurement management and integration management. All of them are important for the completion of the 5 process groups of the project, namely initiating the project, planning, executing processes, controlling and finally ...