BIO375H5 Lecture Notes - Lecture 7: Drug Development, List Of Races In Farscape, Group Purchasing Organization

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3 Mar 2017
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Wrt the market; how our product can be classified. Industry: want the pathway to keep on going. If a patent is going to expire soon, you should have another product with a patent ready such that your company is holding a patent to be safe. They need to create a drug plan to try and provide coverage, such that they can use money from the public you do not need to pay for anything. If your drug is not on the list of covered drugs, the population interested in your drug will decrease. More interested in the efficacy and effectiveness of the drug. They know that the provincial government is going to carry out a different drug plan according to their province. It"s the job of the federal government to make sure the drug is safe. They also consider cost vs. value (cost as low as possible and value as high as can be)

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