concerns South Africa ’s growing HIV/AIDS patients. The world non-the-less isn ’t doing much about the situation that only seems to be getting worse. South Africa already has the highest growing HIV/AIDS rate in the world. The pharmaceutical companies offered very little medical donations or help; they ended up doing quite the opposite. When South Africa attempted to import generic versions of the needed HIV/AIDS drugs because of their drastically cheaper prices the pharmaceutical companies replied
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Questions for Review 1. Pharmaceutical companies do have a responsibility to distribute drugs for a low cost in developing and poorer countries. Africa’s GDP‚ and per capita income is very low so they cannot afford to buy top quality medicines. One main argument for this approach is the AIDS epidemic in Africa. A main argument against this is that the treatment for AIDS is very expensive to provide to a whole country for free. 2. The principal arguments of pharmaceutical companies that oppose making
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a lot of discussion about pharmaceutical companies‚ intellectual property‚ and the global AIDS epidemic. Do pharmaceutical companies have a responsibility to distribute drugs for free or low cost in developing countries? Why is intellectual property such a big deal? What impact would South Africa’s decision to levy duties on drugs in the country have on the international distribution of drugs? Was the change that provided patent protection for pharmaceutical companies an appropriate change or
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AIDS: Is it a Modern Plague? In some parts of the world there are still wars being fought and dictators in power. There are societies which consider themselves at the peak of evolution and progress. They are able to create state of the art automobiles‚ luxurious homes‚ efficient and organized industries‚ complex computerized machinery and atomic weapons. Many societies are governed by a democratic system which herald a belief in freedom. All societies‚ regardless of their political
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business of Pharmaceutical companies:- Pharmaceutical companies are not especially big in terms of revenues‚ but they are very profitable. For instance‚ in 2001‚ Pfizer was ranked 127th in the world on total revenue (US$32·2 billion) but 7th in terms of profit.29 The pharmaceutical industry is the most profitable business sector‚ with an average 16·2% profit‚ ahead of financial companies (11·6%) and beverages (10%).30 However‚ net income growth has declined‚ and growth in the value of drug
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Pharmaceutical companies have a responsibility to distribute drugs to developing countries at low cost‚ as failure to do so means millions of people are sick or dying unnecessarily. Discounted prices make political‚ economic‚ and‚ most importantly‚ moral sense. Although ninety-five percent of people living with HIV/AIDS are in developing countries‚ the impact of this epidemic is global. In South Africa‚ where one in four adults are living with the disease‚ HIV/AIDS means almost certain death
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IBUS 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 refinance
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[pic] “AIDS IN AFRICA AND INTERNATIONAL AID” Business’s Ethics Project Instructor: Zlat Milovanovic Date: January 03‚ 2011 Made by: Ana Stojanoska 2A1; ID 1719 [pic] INTRODUCTION: Acquired immune deficiency syndrome or acquired immunodeficiency syndrome (AIDS) is a disease of the human immune system caused by the human immunodeficiency virus (HIV).This condition progressively reduces the effectiveness of the immune system and leaves individuals susceptible
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Europe. An unstoppable plague swept the continent taking as much as eighty percent of the European population along with it (Forsyth). However‚ Today the world is plagued with a similar deadly disease. The AIDS epidemic continues to be incurable. In an essay written by David Herlihy‚ entitled "Bubonic Plague: Historical Epidemiology and the Medical Problems‚" the historic bubonic plague is compared with the current AIDS epidemic of today. According to his research‚ AIDS will probably prove to
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HIV/AIDS has been named a global epidemic with its toll being felt significantly especially in Africa. It has been a major cause of death in the world; it also continues to be a public health concern. It poses a risk to future generations with villages being wiped out due to its impacts (Iliffe‚ p.47). The most affected generation being the most active age group leaving the elderly and aged to look after the young. Widows and orphans have been a major occurrence in many villages and they struggle
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