Study Guide for Fundamentals of Nursing Care: Concepts, Connections & Skills - Researching and Preparing Medications Related

Review Study Guide for Fundamentals of Nursing Care: Concepts, Connections & Skills - Researching and Preparing Medications related questions and content

A pharmaceutical company has developed a new medicine that was costly to create. How will the company be compensated for the cost of their research and development?

  • A. They will set the price of the medication very high to allow rebates from insurance companies.
  • B. They will be awarded money from the government for developing a new medicine.
  • C. They will get a portion of the payments that other companies receive when they sell the drug.
  • D. They will be allowed to sell the medication with no competition for approximately 10 years.
Correct Answer: D

Rationale: Pharmaceutical companies are granted patents, allowing exclusive sales rights for a period (typically around 10-20 years), enabling them to recoup research and development costs without competition.