Poor countries assert that patented drugs are too expensive for most of their people to afford. The issue became especially noteworthy over drugs for AIDS sufferers in Africa. Monthly drug expenses are above average total income levels. Countries have been changing their drug laws to eliminate patent rights in certain cases. Do drug companies have an ethical duty to sell their products for the lowest possible price? Should countries abolish patent protection for drugs?
Poor countries assert that patented drugs are too expensive for most of their people to afford. The issue became especially noteworthy over drugs for AIDS sufferers in Africa. Monthly drug expenses are above average total income levels. Countries have been changing their drug laws to eliminate patent rights in certain cases. Do drug companies have an ethical duty to sell their products for the lowest possible price? Should countries abolish patent protection for drugs?
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Legal Environment of Business
Unit 2 Chapter 9: Discussion
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Poor countries assert that patented drugs are too expensive for most of their people to afford. The issue became especially noteworthy over drugs for AIDS sufferers in Africa. Monthly drug expenses are above average total income levels. Countries have been changing their drug laws to eliminate patent rights in certain cases. Do drug companies have an ethical duty to sell their products for the lowest possible price? Should countries abolish patent protection for drugs?
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