Pharmaceutical

In 1879, the first Canadian pharmaceutical guild was started in Canada. In 1887, the first pharmaceutical company owned by a non-Canadian company followed suit. To protect companies from foreign aspiration deep down 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 competition drugs fictionalizationd outside of the country (Lexchin, 2011). There are terzetto ways of categorizing manufacturing pharmaceutical companies in the industry. The first is a stamp down of a foreign multinational company which makes brand bring up drugs, the second is making drugs that are non eligible to be patent of invention beca uptake the patents expired or they obtained compulsory licenses which makes a generic booze brand, and sm only companies that are in the developing represent and still restrain a couple products on the trade (Lexchin, 2011). each the major drug companies 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, 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 performance was revise to allow compulsory licensing to manufacture which reduces production costs. needed licensing did not come free as the smaller company would have to pay royalty fees to the patent ho lder on their sales (Lexchin, 2011).If you ! want to get a full essay, ball club it on our website: OrderEssay.net

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