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Essay

Taking Away Your Pills

Essay specific features

 

Issue:

Business

 

Written by:

Alecia R

 

Date added:

June 10, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

9 / 2455

 

Was viewed:

966 times

 

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Essay content:

The expectation is that the manufacturer is proactively looking out for the safety of its consumers. This process can be more complicated in the pharmaceutical industry because of the time and expense of developing and testing drugs , the difficulty in isolating a direct link to the problem from the drug in question, and ? in high profile cases ? lapses in ethical judgment regarding the safety of patients, clouded by the magnitude of lost potential revenue...
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In addition, with branded prescription pharmaceuticals, there is pressure by stakeholders to maximize the revenue of a given drug during its window of exclusivity granted by the Food and Drug Administration (FDA) before the compound is opened up to generic competition . These variables can result in a significant range of inconsistency regarding the urgency of action taken by companies in addressing products recalled or withdrawn for very similar reasons...
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