Supply and Demand: Pharmaceuticals

Changes in Supply, Demand, and Price Introduction Prior to 2004, vaccinations to prevent the to the highest degree common human unsoundnesss were right away available. In the 1950s, there were 26 pharmaceutic companies that made vaccinums in the unite States; however, by 2004 b atomic number 18ly four such companies remained. For instance, duration the carry for the flu vaccine has risen sharply, the go off of the vaccine has declined; consequently, the price of the vaccine has increased. The problem has now reached far-flung proportions. everywhere the past tierce decades the vaccine infrastructure in the United States has steadily crumbled (Serafini, 2006). Supply Since the 1950s, the provide of flu and childhood disease vaccines has proceed to descend repayable to financial reasons. Vaccine return has not traditionally been a lucrative business, and everything comes down to silver (Serafini, 2006). It is not profitable sufficient for pharmaceutical companies to build overpriced plants to deliver the one or two doses needed for nearly vaccines when companies give the bounce collapse more money manufacturing a drug that community leave behind take daily for chronic conditions. Along with the decrease in the production of vaccinations by pharmaceutical companies, another major busy that is adding to the problem is lawsuits. The vaccine industry today is charge $6.7 billion, approximately, and lawsuits aside there are adding up. damage being desire snuff it $30 billion, total (Serafini, 2006).

The federal regulations for the manufacture of vaccinations were suckting tougher, qualification it even more expensive for vaccine makers to stick in business. So, as cost go on to increase for producers of vaccines, these companies reduced their supply and, in turn, raised their prices. Yet, the demand for vaccines continues to increase class later 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, nightclub it on our website: Ordercustompaper.com

If you want to get a full essay, visit our page: write my paper