Description
The Global Pharmaceutical Industry
The Demise and the Path to Recovery
Routledge Advances in Management and Business Studies Series
Language: EnglishSubjects for The Global Pharmaceutical Industry:
Keywords
Pharma Companies; Health Technology Assessment; U.S; economy; Drug Prices; social structur; Pharmaceutical Industry; global pharmaceuticals market; Confers; employers' health insurance benefit costs; Key Opinion Leaders; middle-income households; Dirty Tricks; Chronic; Stock Buybacks; CEO; Contemporary Society; Metastatic Renal Cell Cancer; Drug Price Control; Family USA; Net Operating Margin; High Drug Prices; Unintentional Injury Death; Central Social Insurance Medical Council; Gdp Growth; Patented Medicine Prices Review Board; Patient Advocacy Groups; Market Exclusivity; PD-1; State Medicaid Programs; BMS
Publication date: 04-2022
Support: Print on demand
Publication date: 07-2020
· 15.2x22.9 cm · Hardback
Description
/li>Contents
/li>Readership
/li>Biography
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The pharmaceutical industry, long thought of as a recession-proof investment, now faces a day of reckoning. The reasons for this impending downfall are not hard to discern. The prices the industry charges for its prescription drugs have escalated at four to five times the cost-of-living increases during the past two decades and have reached a point where 30% of Americans must choose between filling a prescription, paying for housing, and buying food. This has brought about public pressure on governments around the world to control drug prices, yet the world?s twenty largest pharma companies realized 80% of their growth as a result of exorbitant price hikes.
Pharma currently enjoys its extraordinary profitability by exploiting the world?s most vulnerable populations. Yet even their ability to increase prices in the face of falling demand does not satisfy their profit demands. The breadth and depth of pharma?s marketing transgressions exceed those of any other industry and have now reached a point where authorities around the world have found it necessary to take legal action against its violations. Drastic change is needed if the pharmaceutical industry can equitably advance the health of the world?s population and regain public esteem.
This book illustrates the range and extent of pharma?s violations and addresses the actions that should be implemented in order to make the drug industry a more constructive, less venal part of contemporary society. It will be of interest to researchers, academics, practitioners, and students with an interest in the pharmaceutical industry, healthcare management, regulation, and bioethics.
1. From Family Businesses to Public Darling to the Monster Serving Wall Street;
2. Pharma’s Violations and Dirty Tricks;
3. The Economics of the Pharmaceutical Industry;
4. A Somnolent Public Awakens;
5. The Path Toward Reform;
Daniel Hoffman is the president of Pharmaceutical Business Research Associates (PBRA), USA.
Allan Bowditch is the former CEO of Martin Hamblin Healthcare and a consultant to the pharmaceutical industry.