A woman was on her deathbed. There was one drug that the doctors thought might save her. It was a form of radium that a druggist in the same town had recently discovered. The drug was expensive to make, but the druggist was charging ten times what the drug cost him to produce. He paid $200 for the radium and charged $2,000 for a small dose of the drug. The sick woman's husband, Heinz, went to everyone he knew to borrow the money, but he could only get together about $1,000 which is half of what it cost. He told the druggist that his wife was dying and asked him to sell it cheaper or let him pay later. But the druggist said: “No, I discovered the drug and I'm going to make money from it.” So Heinz got desperate and broke into the man's laboratory to steal the drug for his wife. Should Heinz have broken into the laboratory to steal the drug for his wife? Why or why not?
Started over 200 years ago but medicine has been evoloving and changing for all of mankind
Modernday industry didnt start untill the 1800's to 1900's perfected by german dye manufactures. They created the first pill that contain organic compounds which fought against disease
1900's deasease such as pneumonia,tuberculosis and diarrehea were at large in America mortality for the first year execed 10% in most countries
$515 billion. Of the $1.05 trillion revenue for the global pharmaceutical market, nearly half of it -- roughly $515 billion -- comes from the U.S. and Canada.Jul 31, 2016
One of the most profitable industires in the world
Lead by comanies such as Pfizer, Johnson&Johnson,and gsk
Big pharma holds some of the bigest fines ever given in the health care history
In 2012 GlaxoSmithkline( gsk)pled to crimal charges and paid a 3 billion dollar fine for promotiong "anti depressents to miners" no drugs they promote are cannot be promoted to personell under 18 clearly stated by FDA
In 2015 hiv drugs went from $13 dollars a tablet to 750 over night!
Martin Shkreli the founding chief ecsectutive of turning pharmaceuticals caused mass panic after final desion to inncrease price
He stated," The impact on the health system would be really small, the drug being rarely used, and the money earned from selling the drug would be used for research or development for a new drug toxoplamosis.