[QODLink]
Inside Story

Drug firms: protecting profits and products?

Pharmaceutical companies offer controversial new prescription to keep the industry in good health.

Last updated: 29 Apr 2014 18:25
Email Article
Print Article
Share article
Send Feedback

They provide hope for the treatment and cure of countless conditions - from cancer to the common cold. Pharmaceutical companies are also some of the most profitable in the world, and constantly look for new ways to stay competitive.

The US drug maker Pfizer is trying to buy AstraZeneca for close to $100 billion. That would be the industry's biggest-ever takeover.

Valeant is currently offering to buy Allergan - the maker of Botox in a deal worth $48.7 billion. And Novartis has agreed to buy GlaxoSmithKline's cancer drugs for as much as $16 billion, while selling its vaccines division to GSK and its animal health unit to Eli Lilly.

But will it mean more affordable drugs? Is the current recalibration of the pharmaceutical industry a prescription for better healthcare? And how do drug firms balance the need for profit and new products?

Presenter: Hazem Sika

Guests:

Gustav Ando - director of Life Sciences for IHS, and a specialist on mergers and acquisitions

Rohit Malpani - director of Policy and Analysis for Doctors Without Borders' Access Campaign

198

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Featured on Al Jazeera
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
3D printers can cheaply construct homes and could soon be deployed to help victims of catastrophe rebuild their lives.
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
Featured
Booming global trade in 50-million-year-old amber stones is lucrative, controversial, and extremely dangerous.
Legendary Native-American High Bird was trained in ancient warrior traditions, which he employed in World War II.
Hounded opposition figure says he's hoping for the best at sodomy appeal but prepared to return to prison.
Fears of rising Islamophobia and racial profiling after two soldiers killed in separate incidents.
Group's culture of summary justice is back in Northern Ireland's spotlight after new sexual assault accusations.
join our mailing list