Pharmaceutical
in sentence
484 examples of Pharmaceutical in a sentence
For
pharmaceutical
firms, the development of a vaccine or treatment was not commercially attractive, and so it did not warrant investment.
Nevertheless, the fears, and especially the prospect of a new and lucrative market, set
pharmaceutical
firms scrambling to develop Ebola-related products, while health officials lamented that nothing had been done beforehand.
I am not criticizing
pharmaceutical
companies for not producing an Ebola vaccine when there was no market for it.
Whereas
pharmaceutical
companies lack incentives to aid the poor in developing countries, they have strong incentives to develop products for people in affluent countries.
Because the overwhelming majority of medical and
pharmaceutical
research is directed toward products that affect people in affluent countries, it targets only part of the global burden of disease.
Some government- and foundation-funded research addresses diseases that primarily affect poor people, but these efforts are not systematic and do not use the incentives that work well to drive
pharmaceutical
innovation elsewhere.
But
pharmaceutical
companies would have been considering such products – as well as other treatments to save lives or improve health anywhere in the world, regardless of people’s ability to pay.
What is still needed, however, is sufficient reward money – perhaps $100 million from governments, NGOs, foundations and the
pharmaceutical
industry – to stimulate serious investment.
It would also provide the evidence needed to go to governments, foundations, and global institutions for the much larger sums required to expand the present system of incentives that guide
pharmaceutical
companies’ decisions.
But we are at an early stage and face a remarkable backlash from the global troika: witness Sanders’ treatment by the Democratic National Committee, the run against Corbyn by a former
pharmaceutical
lobbyist, and the attempt to have me indicted for daring to oppose the EU’s plan for Greece.
Today, however, the NHS faces mounting challenges, owing to the years of “austerity” after the 2008 financial crisis, as well as to larger changes in the
pharmaceutical
industry’s business model.
And, worldwide, the public pays for an estimated two-thirds of all upfront costs for
pharmaceutical
research and development.
The
pharmaceutical
industry will no doubt argue that government engagement stifles innovation.
Even more to the point, policymakers need to address the financialization of the
pharmaceutical
industry, which is focused solely on shareholder value, rather than on all stakeholders.
Between 2007 and 2016, the 19
pharmaceutical
companies in the S&P 500 as of January 2017 spent $297 billion repurchasing their own shares to boost their stock price, and thus the value of their executives’ stock options.
The US Attorney for the Southern District of New York recently accused the Swiss
pharmaceutical
giant Novartis of doing exactly this by providing illegal kickbacks, honoraria, and other benefits to doctors – exactly what it promised not to do when it settled a similar case three years earlier.
Indeed, Public Citizen, a US consumer advocacy group, has calculated that, in the US alone, the
pharmaceutical
industry has paid out billions of dollars as a result of court judgments and financial settlements between
pharmaceutical
manufacturers and federal and state governments.
In response,
pharmaceutical
companies and policymakers are looking for innovative ways to reduce these pressures, not just by developing new drugs, but also by rethinking how the industry operates.
If it is not, the
pharmaceutical
company refunds the cost.
The
pharmaceutical
firm gains as well, because the effective guarantee underpins public confidence in its products.
In the late 1980s, the leading industrialized countries – the United States, Europe, and Japan – began to push for stronger patent regimes that would boost their own
pharmaceutical
companies’ profits.
For example,
pharmaceutical
companies have insisted that the TPP force all countries to grant 12-year patents on prescription drugs – increasing their profits while delaying competition from cheaper generic versions.
Cameroonians collect African cherry bark for export to European
pharmaceutical
companies.
And, because antibiotics generally produce low – and sometimes even negative – returns on investment for the
pharmaceutical
makers that develop them, many companies and venture capital funds steer clear.
We need to nurture the next generation of academics, scientists, hospital workers, and
pharmaceutical
technicians.
According to the World Health Organization, the annual funding deficit for TB research and development is more than $1.3 billion, a shortfall that is exacerbated by a lack of market incentives within the
pharmaceutical
industry.
While the declaration endorsed at the end of the UN meeting did offer a compromise, the quandary remains: how can we guarantee access to medications – especially for the poorest patients – while maintaining funding streams for
pharmaceutical
R&D?Patients’ needs must always be emphasized.
The cynicism with which
pharmaceutical
firms have encouraged opioid drug use is appalling.
The lesson
pharmaceutical
companies seem to have taken from the challenges to Big Tobacco is to hide their activities better, rather than to be better.
Any effort to restrict antibiotic consumption, regulate the food and
pharmaceutical
industries, or change human behaviors – all strategies that are currently being discussed – will require complex ethical reflection and analysis.
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