| If asked to name one thing that affects our life in | | | | type of research. And once any company hopes |
| most phases one would hardly say | | | | to have created any new medicine it has to pass |
| pharmaceuticals. But wait this is a fact that most | | | | through many different stages to get the |
| of us since our birth depend on pharmaceuticals in | | | | approval of the drug controlling authority, FDA. |
| one-way or other. Definitely by age our | | | | FDA governs the stages of research, |
| dependence on pharmacy products increases but | | | | development and manufacture that have been |
| even teenagers and young ones consume a big | | | | undergone for any new drug before being |
| percentage of pharmaceutical derivatives. | | | | exposed to consumers. Only after it has |
| Pharmaceuticals play a vital role in our day-to-day | | | | approved and given its quality assurance any drug |
| living. And hence their rising costs are destined to | | | | shall be sold to public. |
| be our major concern. The ever growing prices of | | | | Even before any drug is presented to FDA it |
| pharmaceutical products severely pinches | | | | undergoes intensive testing which is carried on |
| one’s pocket, cause | | | | animals and even humans. These tests confirm |
| this is one area where there is no choice of take | | | | about the effectiveness of the medicine and |
| or leave. If a person is suffering from certain | | | | makes sure that the invented drug does not have |
| disease and the doctor prescribes him any | | | | any serious side effects. Animals that are used to |
| medicines he must purchase it whether it suits his | | | | carry these tests often raise a controversy |
| pocket or not. One is left with no choice but to | | | | among the environmentalists. They strongly |
| pay the chemist. Hence there is a great need to | | | | object about animals being tortured for the |
| regulate the prices of drugs, at least to watch | | | | benefit of mankind. While the companies defend |
| that its price is not much above the cost incurred | | | | by saying that it is important to save mankind |
| plus a marginal profit for the manufacturing | | | | and those animals can easily reproduce. Whatever |
| company. As of now many market leaders are | | | | be the case this controversy goes on forever |
| found to price their monopoly drugs at a very | | | | without a suitable solution. All this research work is |
| high rate. Even medicines or regular use are very | | | | necessary so that the ultimate consumer gets |
| costly. Drugs sold by prescription being much | | | | nothing but the best. |
| more expensive than those sold over the counter | | | | With the high growth rate in the pharmaceutical |
| by the chemist. Hence, a person is often tempted | | | | industry all the companies employed in this sector |
| to go for over the counter choice. | | | | are facing though competition. There is a constant |
| Big pharmaceutical players in the market also pay | | | | endeavor to attract the consumers by direct |
| much attention to research and development of | | | | marketing and efficient advertising plans targeted |
| new medications possible. A big amount of money | | | | towards customers. We all need to be aware of |
| is invested in the R & D branch of the | | | | what types of drugs are available in the market |
| industry. Based on the market requirements and | | | | and take our judgment meticulously and not get |
| demands companies try hard to invent a suitable | | | | carried away by advertisements. |
| drug to cure any ailment. Millions are spend in this | | | | |