Pharmaceutical

In 1879, the first Canadian pharmaceutical keep company was started in Canada. In 1887, the first pharmaceutical company owned by a non-Canadian company followed suit. To protect companies from foreign aspiration in spite of appearance Canada, tariff laws were put in place. The strategy was to build manufacturing facilities in Canada, as it would lead to a cheaper drug cost compared to the challenger drugs retraced outside of the country (Lexchin, 2011). There are threesome ways of categorizing manufacturing pharmaceutical companies in the industry. The first is a surmount of a foreign multinational company which makes brand evidence drugs, the second is making drugs that are non eligible to be palpable beca part the patents expired or they obtained compulsory licenses which makes a generic vino brand, and sm only companies that are in the developing interpret and still restrain a couple products on the grocery store (Lexchin, 2011). each the major drug compan ies are a monopoly because they use patents for all of their products which allow the company to protect their product for a vivification of 20 years.

The patent is an exclusive right that prevents others from making, using, selling, religious offering to sell, or importing their drug (AIDS, drug prices and generic drugs, 2011). The patent typically lasts for twenty years. This caused a problem for small companies to manufacture drugs and so to encourage competition between companies, the Patent consummation was revise to allow compulsory licensing to manufacture which reduces production costs. arrogant licensing did not come free as the smaller company would have to pay royalty fees to the patent holder on their sales (Lexch! in, 2011).If you want to get a full essay, rule it on our website: OrderEssay.net

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