Cuts to research and development programs

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Kassim, affordability may mean a smaller bottom line, and therefore, cuts to research and development programs. Any time a company sees a reduction in revenue and profits, it is understandable that they may look to cut costs elsewhere. In this case, they may choose to cut costs in completing research to develop new products. After all, if they aren't able to make massive profits from new products, why make them? Kennedy (2019) states that research shows that regulating drug prices may lead to less research and fewer new drugs in the future.

Reference no: EM133653739

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