Supply and Demand: Pharmaceuticals

Changes in yield, Demand, and Price Introduction Prior to 2004, vaccinations to prevent the well-nigh common human diseases were pronto available. In the 1950s, there were 26 pharmaceutical companies that made vaccinums in the unite States; however, by 2004 exactly four such companies remained. For instance, era the demand for the flu vaccinum has risen sharply, the go forth of the vaccinum has declined; consequently, the price of the vaccine has increased. The problem has now reached widespread proportions. everywhere the past tercet decades the vaccine infrastructure in the United States has steadily crumbled (Serafini, 2006). Supply Since the 1950s, the supply of flu and childhood disease vaccines has proceed to deduce due to financial reasons. Vaccine production has not traditionally been a lucrative business, and everything comes down to m championy (Serafini, 2006). It is not profitable enough for pharmaceutical companies to build expensive plants to supply the one or two doses needed for most vaccines when companies give the restrain make more money manufacturing a drug that community of interests will take daily for chronic conditions. Along with the fall in the production of vaccinations by pharmaceutical companies, another major(ip) concern that is adding to the problem is lawsuits. The vaccine industry today is sex $6.7 billion, approximately, and lawsuits out there are adding up. Damages being relish exceed $30 billion, total (Serafini, 2006).

The federal regulations for the manufacture of vaccinations were acquiring tougher, making it even more expensive for vaccine makers to become in business. So! , as cost continued to increase for producers of vaccines, these companies cut their supply and, in turn, raised their prices. Yet, the demand for vaccines continues to increase kinsperson after year. Demand Vaccines are needed in greater quantities than the pharmaceutical companies are manufacturing today. Between 1998 and 2004, nine of the 12 vaccines routinely given... If you penury to get a full essay, order it on our website: OrderCustomPaper.com

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