Sales: Sales: Support: Support:
Academic writing services  
Custom written essay Book report Research paper Dissertation Resume and CV Editing and proofreading  
main menu
By ordering custom paper you get
  • 24/7 Support
  • Over 100 professional US Writers
  • 300 words per page
  • Flexible discount system
  • FREE revision (within 2 days)
  • Anti-Plagiarism Software Check
we accept
sample essays
Accounting Essays
Admission Essays
Analysis Essays
Art Essays
Biography Essays
Biology Essays
Book Review Essays
Business Essays
Case Studies Essays
Cause and Effect Essays
Character Analysis Essays
Communication Essays
Communication and Media Essays
Compute Technologies Essays
Consideration Essays
Controversial Essays
Description Essays
Economics Essays
Education Essays
Evaluation Essays
Explanation Essays
History Essays
Job Essays
Law Essays
Management Essays
Medicine Essays
Music Essays
Personal Essays
Personal Experience Essays
Persuasive Essays
Persuasive Speech Essays
Philosophy Essays
Political science Essays
Politics Essays
Proposal Essays
Psychology Essays
Reflective Essays
Religion Essays
Research Essays
Response Essays
School Essays
Science Essays
Sociology Essays
Technology Essays
World Literature Essays
The Monopoly on Pharmaceutical Patents essay
← Solutions of HIV in AfricaPayment of Medical Bills →

The Monopoly on Pharmaceutical Patents. Custom The Monopoly on Pharmaceutical Patents Essay Writing Service || The Monopoly on Pharmaceutical Patents Essay samples, help

Pharmaceutical patents are either process patents or product patents. This is the protection of process patents from the exploitation of their invented technological procedures of product formulation, whereas product patents prevent the entire production of the patented drug by the competitors. Although process patents allow production of drugs by use of other methods, product patents curb any production of the patented drugs as a whole. My goal is to determine the merits and demerits of monopoly on pharmaceutical patents, since there is a dire need to establish whether this is a fair or unfair directive.

Merits of Pharmaceutical Patents

Abraham Lincoln said that patents have had a positive impact on the world of innovation. The monopoly of pharmaceutical patents stimulates research and innovations towards production of new drugs. This acts as a booster that ensures invention of better drugs thus leading to the availability of drugs to cure either the emerging or resistant diseases, despite the tedious invention process.

Research and development process of new drugs is long, risky, and expensive. By estimation, the development of a new pharmaceutical product takes an average of 11.5 years and costs from $800 million upwards. This is according to a survey by Tufts Center. It is, therefore, without doubt that strong patent protection is necessary in making the investment economical.

Demerits of Pharmaceutical Patents

Life is better than profit. The monopoly on pharmaceutical patents enables companies to fix exorbitant prices on these branded drugs. This results in exploitation of the drug users. In addition, it may lead to the inability of those in need to afford the patented drugs for the whole period that the patent remains active. The World Health Organization, as discussed by Cecilia, estimates that one-third of the world population currently lacks access to essential medicines, and this number is likely to increase. The price effect can be best discussed with the following data;

Taking an example of prices for HIV/AIDS clearly shows selling of a generic drug at extremely cheaper prices compared to their branded counterparts. The price of 3TC (Lamivudine) in the United States costs USD$3,271 (per patient per year). In Indian, Hetero Drugs Limited and Cipla Drug Limited sell the same generic versions at between $98 and $190 USD.

The monopoly on pharmaceutical patents prevents healthy competition between the patented and the generic drugs. In case of the competition presence, the prices of the drugs would reduce significantly as illustrated by Cecilia.

A sample survey on Zantac drug, contacted by the Health Action International, showed that Glaxo Company reduced the price of Zinetac in India because of the available competition in the country. The survey showed that the same drug costs $2 in India but  in Canada it costs $77, $196 in Chile and $150 in South Africa, due to the absence of competition in these latter countries.

The monopoly on pharmaceutical patents has a direct, negative impact on the economy. To product patents in particular, the act leads to productions of inadequate quantities of the drug, thus cutting a potential economic boost that is achievable in the case of the absence of the monopoly on patents. The higher price of the patented drugs also reduces the sells, thus lowering income generated on the drugs, which affects the economy negatively (Dr Hazel Moir). The manufacturing technology also has an impact on the economy.

Process patents prevent further innovations that can be done on a particular patented method. This denies the possibilities of improvements that may make the method more economical than the original patented one. Finally, a patent ends up using a less economical method for the entire period of the patent. This has a negative effect on the economy. The economical hitch has also been felt in countries that have allowed a large manufacturer of generic drugs.

In India, provision of a larger percentage of the manufacture of generic drugs has resulted in reduction of research and development of new drugs. This has generated negative impact on the economy of India, where the government is waiving tax payments on drug research and development in order to encourage the same (Benatar 563). In addition, this process favors bigger companies alone to the disadvantage of smaller companies.

Under this process, there will be discrimination in the pharmaceutical industry. Large companies are capable of securing patents, thus increasing their profits. Seclusion of small companies is due to their incapability to secure patents, thus bringing about exploitation and unfair competition.


This paper argues in favor of the monopoly in pharmaceutical patents. Ensuring Strong Intellectual Property (IP) Protections in pharmaceutical industries can improve patients’ health worldwide, since patents are a crucial factor in innovation and ensure that companies benefit from the capital investments used in the development of new medicines and cures that are vitally essential to patient health globally. The process also provides a high level of assurance for investors to gamble the finances necessary in the long innovation and development process of new drugs. Legislative changes that diminish the value of pharmaceutical patents could have a large and negative effect on people who are considering investing in this field of innovation. This affects negatively the much needed long-term innovation. Strong IP protections safeguard against counterfeit, illegitimate, and fake pharmaceutical products. Counterfeit medicines not only infringe the intellectual property rights, they are particularly dangerous to human health. They can be not strong enough, too strong or potentially toxic, thus making cheap to be expensive. Monopoly in pharmaceutical patents is inevitable.

The Monopoly on Pharmaceutical Patents. Custom The Monopoly on Pharmaceutical Patents Essay Writing Service || The Monopoly on Pharmaceutical Patents Essay samples, help

Order Now
Order nowhesitating

Related essays

  1. Payment of Medical Bills
  2. Role of a Therapeutic Relationship
  3. Solutions of HIV in Africa
  4. Dental Amalgam Controversy

order now

Order now
why choose us
96% of satisfied returning customers
24/7 customer support
A wide range of services
Up-to-date sources
100% privacy guaranteed
MA/PhD writers
Custom written papers only
Free plagiarism report (on demand)
Free revision (within 2 days)
Free cover and bibliography page
Direct communication with a writer
Are your writers qualified for the custom writing?
How quick can my order be accomplished?
Is it legal to buy custom essays, term papers or book reports from your company?
Are essays offered by your company truly custom-written?
Is it safe to buy from
How secure is the payment system of your company?
Can I submit custom essays or term papers done by your company as my own?
How can I contact your company if I've got problems with my ordered paper?

Finally, I've found the real custom writing service . My grades are saying "Thank you, it's been a pleasure to work with you."

Jamal, South Africa

I can't believe you finished my essay under such a short deadline! You saved me from a disaster once again. You guys deliver exactly what you promise. I'll be back. That's for sure!

William H , Kansas, US

contact us
Toll free for US & Canada only. International callers are charged for outgoing calls.

Our phone numbers: provides custom term paper writing/rewriting services inclusive of research material for assistance purposes only. The term papers should be used with proper reference and are not meant to replace actual assignments.

Get 15% off your first custom essay order

Order now

from $12.99/PAGE