A pharmaceutical company wants to test a new sleep aid

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A pharmaceutical company wants to test a new sleep aid

Jamie LoveSalon. But for areas such as health, patents can also restrict access to medicines for those who cannot afford them. In addition, large corporations from developed countries are patenting so many resources from developing countries that it makes it difficult for those nations to be able to produce medicines for themselves.

A pharmaceutical company wants to test a new sleep aid

However, there are some provisions in the TRIPS agreement to allow generics, but that is only when there is an emergency and the products are not used for commercial use and even this clause is under attack from the US and pharmaceutical companies. Former World Bank Chief Economist and Nobel Prize winner for economics, Joseph Stiglitz explained in an editorial in the prestigious British Medical Journal that Intellectual property differs from other property—restricting its use is inefficient as it costs nothing for another person to use it.

Intellectual property rights, however, enable one person or company to have exclusive control of the use of a particular piece of knowledge, thereby creating monopoly power.

Monopolies distort the economy. Restricting the use of medical knowledge not only affects economic efficiency, but also life itself.

We tolerate such restrictions in the belief that they might spur innovation, balancing costs against benefits. But the costs of restrictions can outweigh the benefits. It is hard to see how the patent issued by the US government for the healing properties of turmeric, which had been known for hundreds of years, stimulated research.

Had the patent been enforced in India, poor people who wanted to use this compound would have had to pay royalties to the United States. These rights were intended to reduce access to generic medicines and they succeeded. As generic medicines cost a fraction of their brand name counterparts, billions could no longer afford the drugs they needed.

But what have they received in return? Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs, and almost nothing on diseases that affect developing countries only.

This is not surprising.

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Poor people cannot afford drugs, and drug companies make investments that yield the highest returns. Notice that impedes growth, and development and is intended to. It is also an example of inequality being structured into law, also summarized here: Western countries, led by the United States, have fought strenuously on the international front to protect those patents—in effect, placing a greater value on intellectual property, in the name of spurring innovation and saving more lives in the future, than on saving lives currently at risk.

WTO patent rules allow 20 years of exclusive rights to make the drugs. Hence, the price is set by the company, leaving governments and patients little room to negotiate, unless a government threatens to overturn the patent with a compulsory license.

Such a mechanism authorizes a producer other than the patent holder to produce a generic version of the product though the patent-holder does get some royalty to recognize their contribution. Parallel importing allows a nation to effectively shop around for the best price of the same drug which may be sold in many countries at different prices.

These are potentially very effective tools to get the price down. But there has been constant threat by the large pharmaceutical industries in the U.

They have pressured developing nations and international agreements in various ways to minimize the impact these would have on them. Pharmaceutical groups have lobbied the U.Get the latest health news, diet & fitness information, medical research, health care trends and health issues that affect you and your family on regardbouddhiste.com Ambien As Sleep Aid Why Sleep Is Important To Weight Loss with Taking 15 Sleep Aid Pills and Night Sweats And Sleep Disorders are common and serious sleep disorder that causes you to stop breathing during sleep,brief interruptions in breathing during sleep.

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Pharmaceutical companies have contributed to people’s improved health and prolonged life, generally speaking. Research and development of drugs that are brought to market can be costly and there are strict regulations and requirements that companies must follow in most countries.

Pharmaceutical Grade Sleep Aid Supplements Prescription Sleep Aids Reviews with Effects Of Sleep Deprivation and Quetiapine As A Sleep Aid are common and serious sleep disorder that causes you to stop breathing during sleep,brief interruptions in breathing during sleep.

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