Pharmaceutical Companies, Intellectual Property - 935 Words

Case Study #1 â€Å"Pharmaceutical Companies, Intellectual Property, and the Global AIDS Epidemic† Questions for Review: 1. Do pharmaceutical companies have a responsibility to distribute drugs for free or at low cost in developing countries? What are the main arguments for and against such an approach? What are the advantages and disadvantages of giving drugs for free versus offering them at low no-profit prices? -I don’t necessarily think that they have the â€Å"responsibility† to do so but I think that they should want to as there are millions dying and suffering tremendously from this epidemic. Pharmaceutical companies make billions and billions of dollars a year, I feel that they should want to help people who can’t help themselves.†¦show more content†¦-I agree that it is an appropriate change in policy. People tend to get greedy when large amounts of profit come flowing in blinding them of people’s real needs for help. The benefit of protecting the pharmaceutical patents is that it helps the poor get drugs at a lower cost actually giving them a chance, everyone deserves a chance. We are economically the most advanced compared to any other country we should want to help those who don’t have the means to help themselves. As many could potentially benefit from this policy it does have its problems. This policy would bring along some negative imp act. For example, Pharmaceutical companies could face long term threats along with other risks. 5. Given the initiatives announced by global development and aid organizations and among pharmaceutical companies themselves, was it necessary to relax IPR rules in order to ensure that adequate supplies of AIDS medications would be available for distribution in the developing world? -I think that it is necessary to relax some of the IPR rules. IPRS protect creativity and innovation for the investors making it harder for people to use inventor’s ideas without permission, I think that we should protect intellectual property rights of the pharmaceutical companies. To ensure that adequate announced supplies of AIDS medications would be available for distribution in the developing world, yes I believe IPR rules should be relaxed. 6.Show MoreRelatedPharmaceutical Companies, Intellectual Property, and the Global Aids Epidemic2557 Words   |  11 PagesIBUS 3312 - International Management Pharmaceutical Companies, Intellectual Property, and the Global AIDS Epidemic Analysis While this case is literally full of negative aspects, we will only focus on the main points for both arguments. Pharmaceutical companies want to be sure that the products they spend years and millions of dollars to create are not easily reproduced and sold at discount prices. The profits pharmaceuticals make of their patented products are supposed to refinanceRead MorePharmaceutical Companies, Intellectual Property, and the Global Aids Epidemic932 Words   |  4 Pagesone was,Do pharmaceutical companies have a responsibility to distribute drugs for free or at low cost in developing countries? What are the main arguments for and against such an approach? While this case is literally full of negative aspects, we will only focus on the main points for both arguments. Pharmaceutical companies want to be sure that the products they spend years and millions of dollars to create are not easily reproduced and sold at discount prices. The profits pharmaceuticals make ofRead MoreThe Doha Rounds Trade Negotiations 976 Words   |  4 PagesThe Doha round’s trade negotiations over intellectual property have been long and arduous. After more than a decade there is still no agreement over the extent of patent protection that should be afforded to pharmaceuticals. The shadow of the future adds additional complications, as the involved parties have no reason to settle now, when they can wait and hope for more favorable terms in the future. Despite this looming threat, the future holds promise for a drug access settlement. As technologyRead MoreLegal Protection And Intellectual Property Rights1175 Words   |  5 PagesIntellectual proper ty is defined in the World Intellectual Property Organization (WIPO) as the creation of the mind. According to WIPO the work does not have to be literary in order to be protected. Names, images, symbols, designs..etc. are all protected. Intellectual property rights are mentioned in article 27 of the universal human rights act that gives the inventors and creators to benefit from their work. Those rights are obtained through registering patents, trademarks, and copyrights. ThereRead MoreWhy Government And Law Makers Should Support Intellectual Property1337 Words   |  6 PagesIntellectual Property Omid Ashrafi Nov 27, 2014 City University of Seattle Abstract This paper is clarifying intellectual property as one of most important keys in innovation and research. It is explaining why government and law makers should support intellectual property right, and also how far government should support intellectual property. Finally, it will mention the two main elements like religious and economy which is the red line for any government and lawmakers who support intellectualRead MorePatent Laws And Its Legal Justifications1704 Words   |  7 Pagesdrugs, and more than half of this group lives in poor regions of Asia and Africa (Sterckx 21). There are many factors that affect the accessibility of drugs to patients in developing countries, one of them being the patent system. Patent is an intellectual property right that relates to innovations and grants exclusive ownership right of an invention to a patentee, and protects the patented product to reproduction, using, selling, importing, or process producing the patented product (John and Wendy 1)R ead MoreThe World s Largest And Most Successful Pharmaceutical Company Pfizer Vision Statement1142 Words   |  5 PagesIt’s estimated that over two billion people lack access to medicines globally. It brings me to the question is the pharmaceutical industry corrupt? Is it right for pharmaceutical companies to put profit over human lives? Especially when significance amount of funding comes from the taxes payers! To answer this question I’ll use the world’s largest and most successful pharmaceutical company Pfizer vision statement: At Pfizer, were inspired by a single goal: your health. That’s why we’re dedicated toRead MoreProfessional Ethics and Responsibility-the Cipla Case850 Words   |  4 PagesProfessional Ethics and Responsibility SUBMISSION Firstly let us know what an intellectual property means? The property which an individual has is his inventions and creations and these his intellectual properties...so intellectual property is creation of mind let it be a symbol or a design or an artistic, literary work.... These properties can be categorized as; †¢ Industrial properties  like patents, trademarks. †¢ Copyrights  which mean the right to copy and use the literacy.artisticRead MoreMarketing And Advertising, Intellectual Property, And Regulation Of Product Safety1597 Words   |  7 Pagescustomers (Schmeer, 1999). Ethical issues Analyzing relating to marketing and advertising, intellectual property, and regulation of product safety. This paper will examine violations of PharmaCARE, argue for Direct-to-Consumer marketing by drug companies, determine responsible parties in the PharmaCARE scenario, analyze laws to protect intellectual property, and summarize one real life example of intellectual property theft. Additionally, this paper with analyzing the issue surrounding the death of John’sRead MoreThe Patent Law Of Taiwan1269 Words   |  6 PagesTRIPS Agreement (The Agreement on Trade Related Aspects of Intellectual Property Rights), as Annex 1C of the Marrakesh Agreement establishing the World Trade Organization (hereinafter the WTO) which came into effect in January, 1995. As a trade-off between promoting knowledge diffusion and exclusivity to use the knowledge, the patent system is part of the minimum standard established in the course of the globalization of intellectual property right (IPR). The formation of TRIPS also demonstrates that