Thursday, December 19, 2019

Dangers Of Counterfeit Pharmaceutical Drugs - 1475 Words

Dangers of Counterfeit Pharmaceutical Drugs Remember that time, you really wanted to buy a Louis Vuitton bag? Then the thought of spending thousands on it held you back? So instead you bought a knock off, and saved yourself a boat load of money. No harm done, right? However, what if it wasn’t just a purse that you bought as a counterfeit? What if it was a knockoff Tylenol or birth control? Do you think it would be harmful, then? This happens all the time, and the production and sales of counterfeit drugs are more common than you think. This essay will explain why the production and sale of counterfeit pharmaceutical drugs are wrong. When someone creates something, that is solely from their mind, whether it be literature, a play, a piece of artwork, it is Intellectual Property. Intellectual Property is important because it allows the economy to grow, as well as captures the devotion of its inventors and creators, by becoming financially beneficial. Intellectual property helps promote development and aims for a more economic growth in overall well-being. In direct relation to pharmaceutical drugs, the creation of the drugs are never ending, and also supplies a huge source of financial growth for all of the developing companies. In fact, â€Å"The combined profits for the ten drug companies in the Fortune 500 ($35.9 billion) were more than the profits for all the other 490 businesses put together ($33.7 billion) [in 2002] †¦Ã¢â‚¬  (The Truth about DrugShow MoreRelatedDangers Of Counterfeit Pharmaceutical Drugs1595 Words   |  7 PagesDangers of Counterfeit Pharmaceutical Drugs Remember that time you really wanted to buy a Louis Viton bag? Then the thought of spending thousands on it held you back? So instead you bought a knock off, and saved yourself a boat load of money. No harm done right? Well not exactly, of course your wearing your new bag out with your friends didn’t make a difference verse the real one. 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