Generic substitution (GS) policy has been considered for future implementation (Ministry of Health Malaysia, 2009), which is supported by community pharmacists although the majority prefer a voluntary GS to compulsory GS. Most of the patients accept the offer of GS by community pharmacists and lead to further improvement of the feasibility of policy. Nonetheless, consumers need to be educated about generic medicnes to gain sufficient knowledge and eliminate negative perceptions in order to improve acceptance and utilisation of generic. Generic medicines passing bioequivalence tests are currently listed on the “generic product list for bioequivalence studies”, which is disseminated and published online for easy access to healthcare professionals …show more content…
Meanwhile, vitamins manufactured in Malaysia are being exported to Singapore, Vietnam, Brunei, Hong Kong, Taiwan, India, Japan, Germany and certain countries in Africa and Central America. The total export value of drugs from Malaysia stood at US$131 million (RM399 million) in 2004 and has been growing at a CAGR of 5.4% from 2006 till 2013, according to Frost & Sullivan. Malaysian generic pharmaceutical market was valued at RM 390 million (2001). Annual growth rate of 10 percent and a CAGR(2001 to 2007) of 12.5%. The key factor for generic drug players to produce generic versions of the drugs and increase market share is the ability of our local generic manufacturers to take advantage by preparing new products in their production pipeline, appropriate manufacturing facilities and bioequivalent to the proprietary …show more content…
Malaysia is the pioneer and global leader in the manufacturing and certification of halal medicines for export to other Muslim countries. The Chemical Company of Malaysia (CCM) was the first pharmaceutical firm to be awarded a halal certification, mainly for OTC products in January 2013. Recently in 2013, Indian drug maker Ranbaxy announced it will invest USD35 million into a second new facility to manufacture generic drugs in Malaysia. Besides that, Malaysia also export to the ASEAN markets such as Middle East, Europe, Sri Lanka, China and other countries. Current trends in generic drug business which are the eight significant acquitions in 2006 for example Dr Reddy’s Laboratories outbid Teva (world largest generics company) to acquire Betapharm (Germany 4th largest), Ranbaxy to acquire Terapia (Romania’s largest generics company),Hospira to acquire Mayne Pharma, Barr Pharmaceutical to acquire Pliva, Mylan Labs to acquire Matrix, Stada Arzneimittel to acquire Hemopharm, Actavis to acquire Sindan. Spiraling healthcare cost and the healthcare expenditure = 3.1 – 5.0% of the GDP in year 2006 (Medical Cost Reference Guide, 2006). Government reduces expenditure by substitution affordable generics with prescription drugs which are the fastest rising component of health care. Trend observed in US and Japan are increasing use of
Relevant Facts: Nurofen, the pain-relief medication is made by Reckitt Benckiser Australia, a multinational company. The company was found misleading customers for all its specific range that contained the same active ingredient ibuprofen lysine 342mg and was seen to have same effect. The product was advertised the products as been targeting back pain, period pain and tension headaches. The Company was fined $1.7m for misleading customers on range of ‘specific pain’ relief contravening Australian Consumer Law has been brought forward by ACCC. The ACCC had asked federal court to impose $6 million fine.
PharmaSIM- Marketing Plan MKTG 613: MARKETING MANAGEMENT Professor Suresh Ramanathan TEAM GAMMA SEVEN Britton Eastburn Temitope Kayode-Ojo Brian Newbury Harsha Srinivasan Introduction: The ALLSTAR brand is one of the leading manufacturers of packaged goods in the world. The company was started in 1924 and it now consists of a consumer product, an international and a pharmaceutical division. The pharmaceutical division of the company produces and markets ethical and OTC medicine.
In Chapter 14, I have learned that the U.S. health care system has the most expensive healthcare system in the world and the price tag is expected to increase. Health care is only available to people who have health insurance or have health care through a public program or those that can afford to pay out of pocket. The U.S health care system, unlike other systems in the world, does not provide healthcare services to all citizens. Healthcare is very expensive, citizen without would be unable to afford it if they had to pay themselves. Individuals rely on health insurance to pay a large portion of their healthcare costs.
Hospital and continuing to help increase patient flow and help increase their financial gain. Consequently, leading to higher medical cost for patients and insurance companies. The market of healthcare in the U.S is rapidly evolving and becoming more complex mostly due to the delivery of health care becoming corporatized by the help of IDSs and
Port cities were born out of the Age of Navigation where maritime trade dominated world history. These cities not only brought about and facilitated the trade of goods, they brought about the trade of sex; prostitution. Due to repressive eighteenth-century standards, women were not considered able to care for themselves and if they had no husband then they were forced into the lowest class bracket requiring menial labor for mediocre pay. Therefore, indirectly causing women to flee for the masses of cultural diversity which spawned in port cities allowing prostitution to thrive. The morality behind a government not stopping visible prostitution was called into question many times in England and America.
Prostitution is considered to be one of the oldest professions. Prostitution is an illegal business in many countries of the world and it is considered to be largely immoral. However, its scope is expanding simultaneously with the globalization of business and culture, which is the hallmark of our time. Researchers and activists continue to discuss whether it is possible to consider the purchase and sale of sexual services as an industry. Is it necessary to regulate the activities of prostitutes in a legal way, or should they be provided with legislative and medical protection?
Prostitution Prostitution can be defined as the provision of sexual services for money. The word “prostitute” became common in the of 18th century. During the ancient times this kind of services had been supplied for economic rewards mainly by courtesans, concubines or slaves. Courtesans and concubines often held high positions in traditional societies. The main feature of modern prostitution is that women and men tend not to know each other.
Over the years there have been many controversial ethical issues which are still debated in the 21st century. In today’s modern society one such controversial issue is prostitution. Prostitution can be defined as “The act or practice of engaging in sexual intercourse for money” (Deigh, 2010, p.29). Prostitution is the oldest profession of all. However the ethics of prostitution is still unclear between many societies.
AAS- Medical Office Procedures Week 2 Discussion Judy Potts Explain why pharmaceutical representatives leave samples of expensive medications with physicians. Pharmaceutical representatives, show the physicians the newest drugs on the market, to drum up business for the pharmaceutical companies. The representatives leave samples of the products, In hopes that the doctor will strat prescribing their new name brand products for his patients instead of generic drugs. Also, in some cases, the patients are not financially able to purchase a new drug not knowing if it will help with their disease. The clinic 's management staff will determine whether they will be except the newest medication samples from the representative.
The number of acquisitions is not so high and it depends more upon the organic expansion. • These pharmacies face informative and predictable risk from the variability of “generic conversion” • Inability of the company to keep stride with the growing private labeled brands popularity. • The in-store implementation of the store formats and services is not consistent at every
The healthcare sector is expected to continue with its accelerated growth momentum and by 2020 it is expected to reach $ 280 billion [5]. As per 2015 data, no. of beds to population ratio is just 0.09% and no. of physicians to population ratio is 0.07%. Comparatively bed to population ratio is 0.38% and no. of physician to population is 0.19%. The numbers are similar for US and UK [9].
Health care cost has seen to increase gradually as years go by. This has been influenced by major factors such as political influence, emerging chronic diseases, new procedures that are coming up including the technologies being invented for treating illnesses, pricing of medicines and treatment is not regulated and when treating ailment their may arise repetition of tests or a patient gets over treated for a particular ailment. The cost of healthcare has increased due to chronic diseases such as cancer and diabetes etc. The lifestyle people are living in this generation has led to the development of diseases that are expensive to treat or has led to there being over treatment in such for a cure of a particular ailment.
Many new companies to enter the market without burden of costly tasks such as research and development, clinical trials and manufacturing of drugs. Moreover, patent expiry is one of the reasons which is offering opportunities for lower cost generic manufacturer in terms of greater market access. Additionally, the government has increased their focus on healthcare cost cutting. It is creating pressure on the authority to allow early introduction of low-cost drugs in the
WHAT IS PROSTITUTION? Prostitution is the activity of sexual acts for payment. It exists throughout the world more in urban areas. Most prostitutes are women but can also be men and children. Some prostitutes work for themselves and others work for pimps who call them “madams” .Most
INTRODUCTION The latter decade of the 20th century brought a number of major innovations to the pharmaceutical industry, most notably a remarkable wave of successful joint ventures and mergers between big and medium players in the market. In this case study we analyzed the Rorer and Rhône-Poulenc (RP) merger in July 31, 1990 that created a major multinational company: the Rhône-Poulenc Rorer, Inc. (RPR), where the RP became the majority shareholder, owning 68 percent of the RPR’s shares. Prior to the merger, Rorer lacked the resources to access the European market, and the firm presented relatively low cash balance and rising debt which, according to financial analysts, appeared to be handicapping its strategy of growth by acquisitions.