Chapter 3: Strength For The U.S. Economy Flashcards
Pharmaceutical companies are generally either research based or focused on the manufacturing of generic drugs. True or false?
True.
What companies are the leading edge innovators?
Research based companies.
Pharmaceutical companies that develop novel drugs are known as ethical pharmaceutical companies. True or false?
True.
What companies employ the most sales representatives?
Research based pharmaceutical companies.
What is research and development?
This focuses on discovering new chemicals and molecules, and turning them into safe and effective pharmaceutical products.
What is manufacturing and operations?
This is the supply chain, manufacturing, trade, and distribution functions of the business.
What is marketing and sales?
This communicates the benefits of the companies pharmaceutical products and creates demand for those products.
What is one of the most significant results of the industries continued investment in R&D?
The large number of new drugs approved and in development.
Internationally how many new drugs are expected to be approved every year?
Over 100 new drugs.
What is PhRMA?
Pharmaceutical Research and Manufacturers of America.
What is liver cirrhosis?
Chronic liver damage leading to scarring and liver failure.
The field of personalize medicine includes what?
Patients unique molecular and genetic profiles.
What is the sixth leading cause of death in the US?
Alzheimer’s disease.
How many new medicines are in development for cancer?
3,070 new medicines.
What disease causes progressive neurodegeneration, that leads to paralysis and death?
Lou Gehrig’s disease also known as ALS.
How many new diabetes medicines are in development?
281 new diabetes medicines.