WebThere are three main theories that can be looked at to talk about drug prices, Utilitarianism, Care Ethics, and Virtue Ethics. The first one, utilitarianism, holds that the most ethical... WebSep 14, 2024 · In 2009, Mylan began to steadily increase the price of EpiPen. In 2009, the wholesale price (the price which pharmacies paid) was $103.50 for a two-pack of autoinjectors. By July 2013 the price was up to $264.50, and it rose a further 75 percent to $461 by May of 2015. By May of 2016, the price rose again up to $608.61.

Balancing Ethical and Fiduciary Responsibilities in Drug Pricing

WebWe survey recent literature on the ethics and economics of skyrocketing pharmaceutical prices and find that advances in economic research have increased the sharpness and … WebAbstract. The high price of drugs is receiving due consideration from ethicists, policymakers, and legislators. However, much of this attention has focused on the … is a sole proprietorship a schedule c

The U.S. Can Lower Drug Prices Without Sacrificing Innovation

WebThe problem Setting aside ethical concerns, the practices mentioned above can have negative effects on business in the long run. Although raising prices undoubtedly … WebAug 1, 2024 · In 1984, the Drug Pricing Competition and Patent Term Restoration Act (colloquially, the Hatch-Waxman Act) addressed drug pricing concerns. This article argues that Hatch-Waxman properly applies utilitarian principles to complex issues of biopharmaceutical development by balancing innovation and availability. WebDrug development is a long and expensive endeavor: it takes about 12 years for a drug to move from preclinical testing to final approval. It is estimated that it costs approximately … on all floors inc