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| Topic: |
Science
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| Number of pages / Number of words: |
5 / 1150 |
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This is also the main reason why patents and property rights are important for the Pharmacy industry. The post war period showed that countries like U.S.A., with strong property rights, hosted many companies which made inventions that were major breakthroughs in the treatment of diseases. Whereas in countries with weak property rights no real research was done and therefore no new drugs were invented...
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Whereas in countries with weak property rights no real research was done and therefore no new drugs were invented.
Why are pharmaceutical companies not willing to reduce prices in low income countries given that marginal costs are relatively low?
There are two main lines of argumentation against a lower price for drugs...
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