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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outside of the United States. This can be explained by two words. Global outsourcing. Global outsourcing has been a hot topic concerning many Americans since the early 1990’s. Businesses are always deciding whether or not to take on this great challenge. This trend can be seen in the textile and apparel industry‚ companies have moved mass amounts of production overseas. Although it seems all companies in the textile and apparel industry are transferring their production to other countries‚ it is not
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to present my speech about “The Giant Panda”. The giant panda is also known as the panda bear‚ bamboo bear‚ or in Chinese as Daxiongmao (the large bear-cat). Its scientific name is Ailuropoda melanoleuca. Giant pandas are found only in the mountains of central China. They live in dense bamboo and coniferous forests at altitudes of 5‚000 to 10‚000 feet. The mountains are covered in heavy clouds with torrential rains or dense mist throughout the year. Giant pandas are bearlike in shape with
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Global Toys & Games Industry The global toys and games industry is expected to hit the $100 billion mark by 2015‚ according to research from Global Industry Analysts. In recent years the market has been influenced by changing consumer tastes‚ with children opting for more sophisticated video games and electronic toys. Children are also becoming increasingly accustomed to changing toys more frequently. This means toy and game manufacturers are obliged to introduce new products on a regular
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Domestic drug manufacturers have cast their eyes overseas for growth and four of them have received the certificate of pharmaceutical product (CPP)‚ one of the pre-requisites for obtaining an export licence from the Department of Drug Administration (DDA). According to the DDA‚ Lomus Pharmaceuticals‚ Deurali-Janata Pharmaceuticals‚ Elder Pharmaceuticals and National Health Care Nepal have received the CPP. The CPP is a must for drug manufacturers wanting to export their products. Once the CPP has
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and Solutions for the Indian Pharmaceutical Industry Introduction Counterfeit drugs have been around for much of the recent history of industrial-scale drug production in India and abroad. Although detailed data on counterfeit medicines are difficult to obtain by virtue of its very nature‚ a recent WHO report estimates the prevalence to be around 1% of sales in developed countries to over 10% in some developing countries1. The more important aspect of this global problem‚ according to the WHO
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watches were introduced in 1951 and were priced at anywhere between US$6.95-US$7.95. They were disposable and yet also trendy‚ stylized‚ and highly durable. Timex provided (for the first time ever) a clear-cut alternative for the masses in the watch industry. No longer were consumers daunted with a very expensive‚ "life-long" purchase of a watch. One main reason for the Swiss success around the world was due to their ability to offer their products through retail outlets such as high-end jewelry
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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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There is 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
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1. Introduction The purpose of this report is to critically assess current purchasing and supply management practices in pharmaceutical industry‚ while looking at such companies as “Pfizer Inc.” and “Eli Lilly and Company”. Globalization‚ technological advances and increased worldwide competition has led to more complex supply chains in the pharmaceutical industry. It is important to acknowledge the increased exposure of these supply chains to risk. ‘The purpose of risk management is to ensure that
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