Pharmaceutical industry Flashcards
1
Q
Access to essential medicine depends on
A
- Availability of meds AND DIAGNOSTICS
- Approval by National Medicines Regulatory Body
- Demand
- Affordability
- Procurement, storage, distribution and supply
1/3 of low-income countries don’t have access to essential meds
2
Q
Neoliberalism
A
- Form of capitalisms
- Removes barriers to the free market and accumulation of wealth
- Features include Privatisation, Deregulation, Maximum free trade
- Market power overrides the state
3
Q
Why is free trade bad
A
- Lack of import duty/levy
- Company able to slowly get a stronghold on another country’s economy and eventually monopolise
- Once they monopolise, they will increase prices dramatically
4
Q
Neglected tropical diseases
A
- Disproportionately low level of research, treatment, delivery of care
- Directly related to lack of incentives for pharmaceuticals
5
Q
Pharmaceutical patents
A
- Creates monopolies
- Not internationally recognised
6
Q
TRIPS
A
- One of the primary multilateral trade agreements
- Administered by WTO
- Minimum 20 years patent protection
- Countries may override patents during NATIONAL EMERGENCIES via a COMPULSORY LICENCE
7
Q
Compulsory licences
A
- Reduce monopolies
- Increased competition
- Decreased profits for patent company
8
Q
Combatting influences of pharm industry
A
Inclusion of education on pharmaceutical industry product promotion in medical curriculum
9
Q
T/F WHO works with each country’s NMRA to enable faster registration of pre-qualified products
A
TRUE
10
Q
Marketing
A
Pharm. companies spend 35% of profits on marketing
