Transnational corporations - Pharmaceutical corporations
- Created by: Revisiola
- Created on: 16-05-16 18:43
View mindmap
- Transnational corporation and globalisation
- Transnational corporation - Companies that operate in several different countries are called multinational corporations (MNOs) or transnational corporations (TNCs)
- differences in the availability of capital and costs of labour, land and buildig
- large companies have a wider choice of location and gov. are keen to attract TNC's
- Pharmaceutical corporations
- huge profits
- products tested on volunteers paid/ unpaid
- generic/ branded
- branded - more expensive and knows by name
- generic - e.g. paracetamol
- chemical description , mostly prescribed
- Development
- most money is spent on developing drugs that with control diseases of affluence
- patent for 20 years
- people buy branded (3 x more expensive)
- Research
- training for scientists
- equipment
- only a few drugs make it which can be a financial disadvantage
- focus on MEDC's
- £100,000 a day
- Managing and Distribution
- treat symptoms - don't cure
- targets doctors with marketing, providing samples ad advertising in medical journals
- GlaxoSmithKline
- in 2006 , 206 million tablets (HIV treatment) have been shipped to developing countries
- every hour £300,000 is spent on finding new medicine
- only industry to tackle the three 'priority' diseases - HIV, TB and Malaria
- GSK attempted to show that Seroxat worked for depressed children
- studies have shown that the drug trebles the risk of suicidal thoughts and behaviour in depressed children
Comments
No comments have yet been made