SSS 2110 Lecture Notes - Lecture 9: Pharmaceutical Sales Representative, Paroxetine, Minoxidil
8 Nov 2016
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Moral of the story: we are subject to advertisement, the marketing of pharmaceutical is aggressive and we recognize the name. Research in universities goes to help the creation of new drugs. One of the entities is to make money, the other is to serve citizens and ensure safety. Only bene t the few who can afford services created by science and technology. Business colludes with apparatus of the state, partnership to allow favourable regulation, to allow a more favourable business climate. Critical of pharm. industry because they are only focused on the pro t. Example: river blindness in africa does not have drug bc the population is not pro table, sub- saharan africa has a lack of political clout. It does not make money to develop drugs for rare diseases. In 2013, ve pharm. companies made a pro t margin in stocks of 20% or more!
