2009
DOI: 10.1007/s10551-009-0259-x
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Extraordinary Pricing of Orphan Drugs: Is it a Socially Responsible Strategy for the U.S. Pharmaceutical Industry?

Abstract: Biotechnology Industry Organization, corporate social responsibility, extraordinary pricing, National Organization for Rare Disorders, Inc., orphan drugs, patient access, Pharmaceutical Research and Manufacturers of America, pharmaceutical industry, pharmaceutical pricing, reputation,

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Cited by 32 publications
(37 citation statements)
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“…Methods include illustrative examples and qualitative and quantitative studies. Most of the research has appeared in the Journal of Business Ethics (Hemphill, 2010;Bruyaka et al, 2013).…”
Section: Pharmaceuticalsmentioning
confidence: 99%
“…Methods include illustrative examples and qualitative and quantitative studies. Most of the research has appeared in the Journal of Business Ethics (Hemphill, 2010;Bruyaka et al, 2013).…”
Section: Pharmaceuticalsmentioning
confidence: 99%
“…22 This argument may be questioned since, in a market with legally sanctioned exclusivity, each company is the market; there are no other participants.…”
Section: How Might Companies Respond?mentioning
confidence: 99%
“…There is a concern that pharmaceutical companies can create a monopoly market [6], precluding payers' ability to negotiate prices, by "splitting up a disease into several sub-diseases that qualify as rare diseases (a practice called 'disease sub-setting,' 'salami-slicing' or disease stratification')" [15]. Furthermore, drug manufacturers are "free to set their own introductory prices" [16], and "establishing a price that maximizes its profit is legal" [17]. Such high medication costs can be burdensome to payers and, especially but not only if reimbursement is denied, to patients.…”
Section: Successes Of the Odamentioning
confidence: 99%