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Turing Pharmaceuticals

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What is the value of a life?
It is common practice to live a life reliant on medicine. This poses possible economic issues. If the drug required for survival is under a monopoly, the price can skyrocket. For example, “Turing Pharmaceuticals CEO Martin Shkreli raised the price of the malaria and toxoplasmosis drug Daraprim from $13.50 to $750 per pill” (Spoer). Selfish acts such as this are seen as an outrage by many, a death sentence by some, and as a conduit to spark debate by others. In the midst of public outrage, there has been conversation on a separate broader topic, the idea of government funded pharmaceutical companies.

Most view the idea of having government funded pharmaceutical companies as more of a safeguard or safety net for those who cannot afford normal medication. This is not a master plan of getting the government out of debt; it is a shield to defend the health of everyone in need of medicine for survival. It would protect Americans by removing any chance of a greedy pharmaceutical company “evaluating human suffering in terms of its dollar value” (Spoer). While as a country, we have the highest percentage of citizens with some form of health care, but this leaves 10% of the nation at risk of the possibly tyrannical empire that is company run pharmaceuticals. Not only that, but one in four individuals under the poverty line, those in most need of this assistance, do not have access to health care. …show more content…

Not having multiple organizations working towards the same goal leaves us at risk for “prioritizing the health of people who can afford healthcare over the health of people who cannot” (Spoer). To Risk a drug being under the control of a single pharmaceutical company is to risk the health of all those in need of said

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Instead, the healthcare providers should treat each patient equally to help them get the best outcomes from the diseases. As an international pharmacy student, this feeling is stronger in my mind. America is a melting pot which combine all kinds of culture and people together, as a result,

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342 Words | 2 Pages

This action taken by the government into the investigation of the monopoly of EpiPens has uncovered that Mylan has been misclassifying the EpiPens for years. Mylan was supposed to classify EpiPen as a single source (meaning brand name drug) which would require them to provide Medicaid rebate of 23.1% of the cost and inflation rebate, but instead they classified it as a generic version of a drug which only requires 13% Medicaid rebate of the cost and no inflation rebate (Mole). This may cause the government to give Mylan penalties, and it may cause the government to make claims on sales. The government is penalizing and criticizing Mylan for using the system incorrectly, and the government is supporting generic versions of EpiPens and different brands to come to the United States to stop the monopoly and increase competition. Although some patent laws created by the government have created an epinephrine auto-injector monopoly in the United States, the government is working now to eliminate this monopoly and penalize Mylan for using it to its

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863 Words | 4 Pages

The TPP allows large pharmaceutical firms to set their medicine prices sovereignly and restricts the availability of low-cost generic drugs in the countries. Therefore, patients are forced to buy the expensive medications provided by those pharmaceutical firms. This will be a crucial problem, especially in developing nations, whose people would not be able to buy these expensive drugs. This can be considered inhumane as it disables people from getting a proper medication when they are sick. With this regulation, sick people would only get sicker because they can’t afford the medications.

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1029 Words | 5 Pages

People all around the world have no chance of surviving simple to treat diseases or sicknesses due to the fact that they can’t afford health insurance. In the book, “The Immortal Life of Henrietta Lacks,” it says “...the last thing he remembered before falling unconscious under the anesthesia was a doctor saying his mother’s cells were one of the most important things that had ever happened to medicine. Sonny woke up more than $125,000 in debt because he didn’t have health insurance to cover the surgery (Lacks 306).” This quote shows how people that can’t afford health insurance because they are poor are expected to pay the money for the surgery. His own mother’s cells were the biggest breakthrough in medicine history but her son couldn’t afford health insurance.

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1301 Words | 6 Pages

The FDA is accused of acting in the interests of agricultural, food and drug companies at the expense of the public’s health. Many believe that drugs with bad side effects that should not have been released were allowed because of the company’s deal with the

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1087 Words | 5 Pages

Every citizen in the United States has individual rights protected by the Constitution. This protection also includes businesses that have gone through the legal process to become a legal entity ; more commonly known as becoming a corporation. Many times these individual rights, protected by the Constitution, conflict with the common good and as history shows, the courts consistently side with the common good when faced with a case that pits these two against each other. Big Pharma are corporations exercising their individual rights to market, and sell their product to consumers. In the process, the common good is suffering.

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Nowadays it seems like legal drugs are more expensive than illegal ones. This dilemma occurs because the pharmaceutical industry affects the economy significantly. Although the United States is a mixed market economy, there are instances where the economy seems like a free market economy. A free market economy allows companies to determine the prices of goods free from government intervention. The pharmaceutical industry, despite several regulations set by the food and drug administration, is a free market economy.

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Healthcare in the United States is in desperate need of reform. There are several rationales to further explain this proposition. As an illustration, the Declaration of Independence states our unalienable rights: life, liberty and the pursuit of happiness. In other words, every individual should be entitled to healthcare as it preserves life and promotes the general welfare. The federal government should, therefore, enact a program of universal health to better protect and serve all of its citizens.

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727 Words | 3 Pages

Health care is essential for Americans despite pre-existing conditions, and a free market insurance program would allow citizens to received the health care that is so desperately needed. A universal health care system is a matter of human rights and would solve America’s problem of one sixth of the population being

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755 Words | 4 Pages

No one should have to go through that much pain. Boost the economy would be a benefit from everyone getting free coverage. Free health insurance gives sick and dying people what they need to get better. There should be no one just tossed to the side to die. People deserve the right to see what live is really like instead of dying of something so

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1048 Words | 5 Pages

The government for the people also doesn’t seem to be lucrative towards human lives. The main reason behind this is these pharmaceutical giants and their stockholders. The movie also points out the involvement of government and law as these companies run their monopoly only because of their exclusive Patent over the ARVs. They made profit out of there patents although the statistics show that in Drug Discovery Research government and public funded research contribute 84% but the drug companies contribute only 12%. This is the most shocking fact that movie highlights

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1820 Words | 8 Pages

This process is designed to occur over a long period of time to ensure that only the safest and most effective drugs arrive on the market. There are regulatory challenges, competition and financial concerns associated with the research and development of new products. As a result of these challenges, drug manufacturers must be very resilient and financially stable in order to stay competitive in the marketplace. Regulations not only threaten to interfere with Pfizer 's international business, but are also forthcoming to its business in the United States. With the FDA having increased regulatory power, Pfizer 's cost will rise as it becomes more complicated to get new drug approvals and on the market, negatively affecting the revenue.

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720 Words | 3 Pages

Many new companies to enter the market without burden of costly tasks such as research and development, clinical trials and manufacturing of drugs. Moreover, patent expiry is one of the reasons which is offering opportunities for lower cost generic manufacturer in terms of greater market access. Additionally, the government has increased their focus on healthcare cost cutting. It is creating pressure on the authority to allow early introduction of low-cost drugs in the

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1043 Words | 5 Pages

There was a time, in our not too distant past that healthcare was not-for-profit. Then, during the presidency of Nixon, he opened the doors allowing for-profit systems to flourish, giving us the healthcare system we have now. It is clunky, expensive, cumbersome, and inefficient, with the goal of profits coming before any consideration of a healthy outcome for individuals. When people talk about letting the market decide prices, that's easy enough when it comes to things like

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851 Words | 4 Pages

Work experience I always try to utilize my time to the maximum extent in expanding my skill strata and to self-sustain through various employments. I have been employed briefly during the gaps between my academic careers. After my plus 2 examinations, I worked as a marketing representative for Eureka Forbes for few months while waiting for B Pharm admission. During the interval between my graduation and admission to PharmD, I had an opportunity to teach at a pharmacy school. During my PharmD course, I used to teach Pharmacoepidemiology & Public Health concepts to dental postgraduate students.

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