Pharmaceutical

In 1879, the first Canadian pharmaceutical ships 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 at bottom 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 competitor drugs fictionalisationd outside of the country (Lexchin, 2011). There are triad ways of categorizing manufacturing pharmaceutical companies in the industry. The first is a repress of a foreign multinational company which makes brand adduce drugs, the second is making drugs that are non eligible to be open beca routine the patents expired or they obtained compulsory licenses which makes a generic wine brand, and sm only companies that are in the developing face and still restrain a couple products on the trade (Lexchin, 2011). each the major drug companies are a monopoly becau se 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, oblation 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 playact was revise to allow compulsory licensing to manufacture which reduces production costs. autocratic licensing did not come free as the smaller company would have to pay royalty fees to the patent holder on their sales (Lexchin, 2011).If you want to get a full essay, prepare it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay