Chapter 3 | Strength for the U.S. Economy Flashcards
What are the three functional categories that exist within a pharmaceutical company?
Research & Development (R&D)
Manufacturing & Operations
Marketing & Sales.
PhRMA reports that over _______ medicines are currently in development
5,000, with 3,400 of these in the U.S.
In 2012, FDA regulators approved ___ new drugs for use in the U.S.
39 (the highest number of approvals since 1996)
The European Medicines Agency expects to approve ___ new drugs in 2014.
54
Internationally, _______ new drugs are expected to be approved every year
100+
Two treatments have been approved for hepatitis C
True
a virus that estimated to affect 180 million people worldwide and ultimately leads to liver cirrhosis, cancer, and death. These new antivirals are only two of 66 other hep C medicines currently in development.
12-50% of biopharmaceutical companies are currently developing personalized medicine
True
125 new treatments for Alzheimer’s disease are in development
True
Alzheimer’s is currently the 6th leading cause of death
According to PhRMA’s 2013, The Biopharmaceutical Pipeline, medicines that merely delay the onset of Alzheimer’s could save $447 billion in 2050.
True
3,070 new medicines are in development for cancer, which the World Health Organization has predicted will cause 13.1 million deaths in 2030.
True
The first drug approved for treating metastatic basal cell carcinoma, the most common form of skin cancer was in 2012.
True
281 new diabetes medicines are in development
True
185 medicines are currently in development for HIV/AIDS
True
The pharmaceutical industry is and has been a major source of innovation in the development not only of new drugs, but also ___________ and ___________.
new manufacturing process and scientific knowledge
What must a drug be in order to afford sufficient protection from a patent from imitators?
It must be novel
Once a drug’s patent expires, other companies are free to market drugs with the same active ingredients and efficacies. What are these drugs called?
Generics
What is one of the most significant results of the pharmaceutical industry’s continued investment in R&D?
The large number of new drugs approved and in development.
How long is someone diagnosed with AIDS expected to live if recommended therapy guidelines are followed?
50 years
How many people are directly employed by the pharmaceutical industry?
650,000 people
How much in net economic gains has increased life span created for Americans?
$2.4 trillion (more than 20% or the gross domestic product).
What is the key reason for the transfer of R&D investment from Europe to the U.S.?
Differences in national price control policies.
What negative impact have price controls and cost containment programs had on R&D in several countries?
Pharmaceutical industries have weakened or have shifted outside their borders.