DRUG COSTS AND PHARMACEUTICAL PROFITS Name Institution Date INTRODUCTION People nowadays are paying more for pharmaceutical drugs than they used to less than a decade ago. According to a report released in November 2017 by the United States Government Accountability Office (GAO) the pharmaceutical and biotechnological firms saw an increase in sales revenue between the years 2006 through the year 2015. The actual revenue increment stood at five hundred and thirty-four billion dollars in 2006 to seven hundred and seventy-five billion dollars in 2015. Almost all of the pharmaceutical companies in the country saw about a 67% increase in their marginal profits within the specified period of nine years. According to the data utilized from the 25 largest pharmaceutical companies in the country the profit margin of each group lay between 15 and 20% on an annual basis (Bengtson & Settersten 2016). To compare the intensity of these profit S. Suárez C. García‐Campayo J. Blasco A. J. Aguilar M. D. ... & Sánchez‐Carazo J. L. (2013). Clinical practice guideline for an integrated approach to comorbidity in patients with psoriasis. Journal of the European Academy of Dermatology and Venereology 27(11) 1387-1404. Schuhmacher A. Germann P. G. Trill H. & Gassmann O. (2013). Models for open innovation in the pharmaceutical industry. Drug discovery today 18(23-24) 1133-1137. Waring M. J. Arrowsmith J. Leach A. R. Leeson P. D. Mandrell S. Owen R. M. ... & Wallace O. (2015). An analysis of the attrition of drug candidates from four major pharmaceutical companies. Nature reviews Drug discovery 14(7) 475. Zhou Y. Wang J. Gu Z. Wang S. Zhu W. Aceña J. L. ... & Liu H. (2016). Next generation of fluorine-containing pharmaceuticals compounds currently in phase II–III clinical trials of major pharmaceutical companies: new structural trends and therapeutic areas. Chemical reviews 116(2) 422-518. [...]
A. Write an original and cohesive Argumentative research paper (suggested length 10 pages). 1. Provide an effective introduction. 2. Provide an appropriate thesis statement that previews two to four main points. 3. Develop each of the previewed main points in effective paragraphs with support from a variety of sources. 4. Provide an effective conclusion. B. Incorporate SEVEN academically credible sources in your paper. Acknowledge sources, using APA-formatted in-text citations and references, for content that is quoted, paraphrased, or summarized.