Intro. to Pharma. Flashcards
What is the top selling drug in the world right now?
Lipitor: anti cholesterol by Pfizer
What is BI ranked globally among others in the pharmaceutical industry?
15th
How much does the Australian pharmaceutical industry represent in the global market?
1%
Which company in Australia is the top supplier to PBS?
Pfizer -> Astra Zeneca -> Novartis
In what year did BI begin?
1885
What anniversary did BI celebrate in 2010?
125
List 3 main business areas for BI in Australia?
Prescription medicine, Consumer health, Animal health
How many potential compounds need to be screened to have 1 pharmaceutical successfully reach market?
5,000-10,000 potential compounds will result in 5 tested in clinical trials, and 1 of these will make it to market
How long does new research and development of new medicine take?
10-15 years
What is the standard patent for new pharmaceuticals in Australia?
20 years
What is a generic drug?
When a drug patent expires, other company can produce the same drug compound under other brand names.
Why are product patents so important?
It allows the company that discover the molecule to have exclusive right to produce the compound during its time of patent. Therefore allow it to re-coup the R&D cost for discovering the molecule.
Which body is responsible for regulating therapeutic goods including medicines, medical devices, blood and blood products?
TGA: the therapeutical goods administration
What are the schedules common for pharmaceutical industry?
S2: pharmacy medication
S3: over the counter medication
S4: prescription medication
What is the PBS? What does the existence of the PBS mean for patients?
PBS: pharmaceutical benefit scheme
PBS ensures all australian residents as well as eligible temporary residents to have access to necessary and live saving medicine and at an affordable price.