HLTA02H3 Lecture : Chapter 22-25 - very detailed txtbook notes!
10 Dec 2011
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Chapter 22 profits first: the pharmaceutical industry in canada called pharmaceutical manufacturers association of canada (pmac) Canada"s research-based pharmaceutical companies (rx&d) formerly altruism, but rather by profit for survival. The pharmaceutical industry has never claimed to be motivated by. Eli lilly and benoxaprofen (opren) shortly after drug appeared in showed that all statin" drugs have similar effects so that it would not decrease their profits. Merck frosst and vioxx drug vioxx made for arthritic pain showed. Pharmaceutical industry is 3rd place in all industries in terms of profit treating their expenditures as expenses against current income rather than capitalizing these outlays as an investment item. Rx&d believe that claims of high profits are an illusion created from. Also claim that their costs are recovered in only 1/3 of new products. Industry uses the high cost of research as a justification industry.
