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Features of the market for pharmaceuticals

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Reference no: EM133173694

Read Timeline: The rise and fall of Vioxx. This is an example of problems that arose in a situation in the pharmaceutical market.

  • What regulatory features of the market for pharmaceuticals are expected to prevent situations like this?
  • Does the market for pharmaceutical products help to prevent situations like this from occurring again?
  • Does the need to attract investors to support pharmaceutical development help to prevent situations like this one from occurring again?
  • Apply the accountability framework to this situation.
  • Apply one other framework to the situation, noting how the decision to remove Vioxx from the shelves fits (or does not fit) with the framework.
  • Using economics and any other framework as necessary, argue for or against returning Vioxx to market at this point.
  • Justify your response.

Reference no: EM133173694

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