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- W1547381729 abstract "The research based pharmaceutical industry, with the support of the World Trade Organization's Agreement on Trade-Related Aspects on Intellectual Property Rights (TRIPS) has secured its longterm profitability. Using an economic rationalist argument of recovering research and development costs, pharmaceutical industry representatives have successfully argued for greater patent protection. This paper seeks to demonstrate how a powerful cartel of major global pharmaceutical companies through multilateral agreements and economic mechanisms protect their 'bottom lines'. The commodification of research and development resulting in the private ownership of intellectual property serves to transfer the responsibility for the health agenda to the market. This limits the ability of governments, particularly in least-developed countries, to address their individual public health issues. By ameliorating the business risk presented by countries producing or importing generic medicines, the TRIPS Agreement has effectively rendered national health issues subservient to corporate profitability. Disciplines Business | Social and Behavioral Sciences Publication Details Moerman, L. C. & van der Laan, S. (2005). Prescription for profit: is the pharmaceutical industry is [sic] making a killing?. Critical Perspectives on Accounting (pp. 1-18). Baruch College, City University of New York. This conference paper is available at Research Online: http://ro.uow.edu.au/commpapers/2923 ).;>rescription for Profit: How the Phannaceutical Industry is Making a Killing Page 1 of 18 Prescription for Profit: Is the Pharmaceutical Industry is Making a Killing? Lee Moerman * School of Accounting and Finance University ofWollongong NSW 2522 AUSTRALIA Telephone: (61 2) 4221 5575 Facsimile: (61 2) 4221 4297 Lee _ Moennan@uow.edu.au Sandra Van Der Laan Sandra Van Der Laan Discipline of Accounting & Business Law School of Business Faculty of Economics & Business Room 341, Economics & Business Building (H69) University of Sydney. NSW. 2006. Ph: +61293516431 Fax: + 61 29351 6638 s. vanderlaan@econ.usyd.edu.au Paper prepared for the Critical Perspectives on Accounting Conference, New York, 28th 30th April 2005 DRAFT: Do not copy without permission" @default.
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- W1547381729 date "2005-01-01" @default.
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- W1547381729 title "Prescription for profit: is the pharmaceutical industry is [sic] making a killing?" @default.
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