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Drug Companies Monopolies & Profit
Presented by:TOQEER NASEER
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In US New Pharmaceutical Company Take Patent.
Make Monopoly For 20 Years.
Take More Avg Profit To Other Industry.
In 2003 Study Public Congress Watch Noted.
1970s & 1980s Avg Profit Rate Is Double Than Other All Industries
Drug Companies Monopolies & Profit
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During 1990s Drug Companies Avg Profit Rate 4 Times Of Other Industries.
During 21st Century First Five Year Avg Profit Rate 3 Times.
Drug Companies Monopolies & Profit
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According To US Census Bureau’s Quarterly Financial Reports.
First Quarter Of 2007-2008 Avg Profit 3 Times Of All Other Manufacturing Companies.
In 2009 First Quarter That Was Close Than 7 Times.
In First Quarter Of 2010 Avg Profit Was Close Then 3 Times.
Drug Companies Monopolies & Profit
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Why Drug Companies Take High Profit?
They Said Because We Have To Recover Cost Of Research For New Drug.
But They Spend 14% On Research.
17% On Dividends.
31% On Advertising.
Drug Companies Monopolies & Profit
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Prescription Drug Markup On Ingredients They Take.
5,000%
3,0000%
5,00,000%
(www.rense.com/general54/preco.htm)
Drug Companies Monopolies & Profit
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Is The Drug Industries A Good Illustration Of The Market Theories Described In This Chapter? Explain
Yes.
Drug Companies Monopolies & Profit
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What Changes, If Any Do You Think We Should Make To US Drug Patent Laws?
Low Cost
Decrease Time Of Patent.
Check & Balance.
Fixed Profit %.
Support To Drug Industry.
Drug Companies Monopolies & Profit
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How Should The Relation Between Drug & Human Life/Heath Affect Your On Drug Industry Monopoly Profit?
Deep Relationship.
Drug Com Because Of Human.
Drug Companies Monopolies & Profit