Question

Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell...

Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell drugs for a number of years without direct competition. This can result in extremely high prices for important possibly (life-saving)drugs.
Should this protection be reduced or eliminated in order to lower cost of healthcare? What would be the result? Please explain your position in detail. please anyone who tried to answer these questions pay very close attention to the numbered questions. I know and understand why there is a patent protection and how ot works. Thanks
Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell...
Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell drugs for a number of years without direct competition. This can result in extremely high prices for important (possibly live-saving) drugs. Should this protection be reduced or eliminated in order to lower costs of health care? What would be the result? Explain your position in detail. cite your source
Read the following case carefully and then answer the questions. In the movie Face/Off, John Travolta...
Read the following case carefully and then answer the questions. In the movie Face/Off, John Travolta got a new look by exchanging faces with Nicolas Cage. Unfortunately, he got a lot of trouble along with it. John could receive a much less troublesome new look by using Botox, a treatment discovered by Vancouver’s Dr. Jean Carruthers, who came upon the cosmetic potential of Botox in 1982 while treating a woman with eye spasms. Botox is marketed by Allergan, a specialty...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT