IBUS 3312 - International Management Pharmaceutical Companies‚ Intellectual Property‚ and the Global AIDS Epidemic Analysis While this case is literally full of negative aspects‚ we will only focus on the main points for both arguments. Pharmaceutical companies want to be sure that the products they spend years and millions of dollars to create are not easily reproduced and sold at discount prices. The profits pharmaceuticals make of their patented products are supposed to refinance
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Pharmaceutical companies have a responsibility to distribute drugs to developing countries at low cost‚ as failure to do so means millions of people are sick or dying unnecessarily. Discounted prices make political‚ economic‚ and‚ most importantly‚ moral sense. Although ninety-five percent of people living with HIV/AIDS are in developing countries‚ the impact of this epidemic is global. In South Africa‚ where one in four adults are living with the disease‚ HIV/AIDS means almost certain death
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In-Depth Integrative Case 1.2 Pharmaceutical Companies‚ Intellectual Property‚ and the Global AIDS Epidemic In-Depth Case 1.2 1. Do pharmaceutical companies have the responsibility to distribute drugs for a low cost in developing countries? What are the main arguments for and against such an approach? What are the advantages and the disadvantages of giving drugs for free versus offering them at low no-profit prices? The Aids epidemic is responsible for taking millions of lives worldwide
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Pharmaceutical Companies‚ Intellectual Property‚ And the Global AIDS Epidemic National American University Abstract No business opens its doors with the expectation of loss. The pharmaceutical world is a business and‚ as with any business‚ profits are key. Often the business world conflicts head on with the ethical world. This is the case here‚ especially as we examine the question of responsibility‚ intellectual property and morality. As we consider the rights of a business and its
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Aids Epidemic in Africa Over 30 million people worldwide have been infected with the HIV-AIDS virus. With such high numbers‚ the troubling fact is that 95% of those cases permeate Africa. Obviously AIDS cannot be cured or reversed in any sense‚ however with proper insight and treatment it can be controlled. The means for proper treatment is exactly what Africa lacks‚ in comparison to other regions. Nearly 2.3 million deaths occurred in 2003 within the sub-Saharan region of Africa.The efforts
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What is INTELLECTUAL PROPERTY? Intellectual property (IP) is a legal concept which refers to creations of the mind for which exclusive rights are recognized. Under intellectual property law‚ owners are granted certain exclusive rights to a variety of intangible assets‚ such as musical‚ literary‚ and artistic works; discoveries and inventions; and words‚ phrases‚ symbols‚ and designs. Common types of intellectual property rights include copyright‚ trademarks‚ patents‚ industrial design rights‚ trade
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HIV/Aids Epidemic HIV/AIDs is a huge epidemic still plaguing society today. The lack of knowledge and technical advances has caused an increasing number of cases. It has made its way around the world since the 1940s‚ causing countries to join together in the fight against AIDs. With all the campaigning that has been done the numbers of cases continue to rise. Countries have separated the disease into three patterns to make it easier to distinguish the effects that AIDs has on different regions
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a lot of discussion about pharmaceutical companies‚ intellectual property‚ and the global AIDS epidemic. Do pharmaceutical companies have a responsibility to distribute drugs for free or low cost in developing countries? Why is intellectual property such a big deal? What impact would South Africa’s decision to levy duties on drugs in the country have on the international distribution of drugs? Was the change that provided patent protection for pharmaceutical companies an appropriate change or
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Although Intellectual property can be catorigized under many aspects‚ not every idea the mind can think is included. The legal definition of intellectual property often abbreviated IP is ideas‚ inventions‚ artistic works‚ songs‚ business processes etc. In general terms is any commercialily viable product created out of a persons mental processes. The Coca Cola company for example has legal ownership of several factories‚ bottling equipment‚ trucks for transporting their product and the actual ingredient
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Intellectual property is the property generated in the process of intellectual activities. It can be possessed and used‚ and generated benefits. The major components of intellectual property include copyrights‚ patents‚ and trademarks. Similar to tangible property‚ intellectual property which is an intangible property is also protected by the law. The governments and parliaments have given the creators the rights as an incentive to produce ideas that will benefit society as a whole‚ by preventing
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