Drug Companies Monopolies & Profit

Presented by:TOQEER NASEER

In US New Pharmaceutical Company Take Patent.

Make Monopoly For 20 Years.

Take More Avg Profit To Other Industry.

In 2003 Study Public Congress Watch Noted.

1970s & 1980s Avg Profit Rate Is Double Than Other All Industries

Drug Companies Monopolies & Profit

During 1990s Drug Companies Avg Profit Rate 4 Times Of Other Industries.

During 21st Century First Five Year Avg Profit Rate 3 Times.

Drug Companies Monopolies & Profit

According To US Census Bureau’s Quarterly Financial Reports.

First Quarter Of 2007-2008 Avg Profit 3 Times Of All Other Manufacturing Companies.

In 2009 First Quarter That Was Close Than 7 Times.

In First Quarter Of 2010 Avg Profit Was Close Then 3 Times.

Drug Companies Monopolies & Profit

Why Drug Companies Take High Profit?

They Said Because We Have To Recover Cost Of Research For New Drug.

But They Spend 14% On Research.

17% On Dividends.

31% On Advertising.

Drug Companies Monopolies & Profit

Prescription Drug Markup On Ingredients They Take.

5,000%

3,0000%

5,00,000%

(www.rense.com/general54/preco.htm)

Drug Companies Monopolies & Profit

Is The Drug Industries A Good Illustration Of The Market Theories Described In This Chapter? Explain

Yes.

Drug Companies Monopolies & Profit

What Changes, If Any Do You Think We Should Make To US Drug Patent Laws?

Low Cost

Decrease Time Of Patent.

Check & Balance.

Fixed Profit %.

Support To Drug Industry.

Drug Companies Monopolies & Profit

How Should The Relation Between Drug & Human Life/Heath Affect Your On Drug Industry Monopoly Profit?

Deep Relationship.

Drug Com Because Of Human.

Drug Companies Monopolies & Profit