Case Study: Generic Drug Pricing

PLEASE READ REQUIREMENTS FOR ASSIGNMENT COMPLETELY/MUST BE ORIGINAL WORK.

Using the New York Times article, “Defiant, Generic Drug Maker Continues to Raise Prices,” conduct further research on the pricing strategies of generic drug manufacturers. In 750‐1,000 words, analyze the pricing strategies and discuss the following:

1. Discuss the pricing decisions of generic drug manufacturers.
2. Evaluate the impact competitors and additional economic factors have on the results of the generic drug pricing strategies. What factors contribute to the advantages and disadvantages of various pricing strategies?
3. Discuss the social and financial implications of generic drug pricing decisions for various groups of stakeholders. What would be the socially optimum pricing strategy for the United States? What would be the socially optimum pricing strategy globally?

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

Link for article:

https://www.nytimes.com/2017/04/14/business/lannett-drug-price-hike-bedrosian.html 

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Format

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Format 10.0%

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Course Code	Class Code	Assignment Title	Total Points
ECN-601	ECN-601-O501	Case Study: Generic Drug Pricing	75.0
Criteria	Percentage	1: Unsatisfactory (0.00%)	2: Less Than Satisfactory (74.00%)	3: Satisfactory (79.00%)	4: Good (87.00%)	5: Excellent (100.00%)	Comments	Points Earned
Content	70.0%
Pricing Decision of Generic Drug Manufacturers		1			5.0%	A discussion of the pricing decisions of generic drug manufacturers is not included.	A discussion of the pricing decisions of generic drug manufacturers is incomplete or incorrect.	A discussion of the pricing decisions of generic drug manufacturers lacks detail.	A discussion of the pricing decisions of generic drug manufacturers is complete and includes supporting detail.	A discussion of the pricing decisions of generic drug manufacturers is extremely through and includes substantial supporting details.
Competitor Impact and Additional Economic Factors on Pricing Strategies	An evaluation and description of the impact of competitors and additional economic factors on generic drug pricing strategies are not included.	An evaluation and description of the impact of competitors and additional economic factors on generic drug pricing strategies are incomplete or incorrect.	An evaluation and description of the impact of competitors and additional economic factors on generic drug pricing strategies lack detail.	An evaluation and description of the impact of competitors and additional economic factors on generic drug pricing strategies are complete and include supporting detail.	An evaluation and description of the impact of competitors and additional economic factors on generic drug pricing strategies are extremely through and include substantial supporting details.
Advantages and Disadvantages of Various Pricing Strategies			10.0%	A description of the advantages and disadvantages of various pricing strategies is not included.	A description of the advantages and disadvantages of various pricing strategies is incomplete or incorrect.	A description of the advantages and disadvantages of various pricing strategies lacks detail.	A description of the advantages and disadvantages of various pricing strategies is complete and includes supporting detail.	A description of the advantages and disadvantages of various pricing strategies is extremely through and includes substantial supporting details.
Social and Financial Implications of Generic Drug Pricing Decision for Various Groups of Stakeholders		20.0%	A description of the social and financial implications of generic drug pricing for various groups of stakeholders is not included.	A description of the social and financial implications of generic drug pricing for various groups of stakeholders is incomplete or incorrect.	A description of the social and financial implications of generic drug pricing for various groups of stakeholders lacks detail.	A description of the social and financial implications of generic drug pricing for various groups of stakeholders is complete and includes supporting detail.	A description of the social and financial implications of generic drug pricing for various groups of stakeholders is extremely through and includes substantial supporting details.
Socially Optimum Pricing Strategies for the United States and other Countries	A description of socially optimum pricing strategies for the United States and other countries is not included.	A description of socially optimum pricing strategies for the United States and other countries is incomplete or incorrect.	A description of socially optimum pricing strategies for the United States and other countries lacks detail.	A description of socially optimum pricing strategies for the United States and other countries is complete and includes supporting detail.	A description of socially optimum pricing strategies for the United States and other countries is extremely through and includes substantial supporting details.
Organization and Effectiveness
Thesis Development and Purpose	7.0%	Paper lacks any discernible overall purpose or organizing claim.	Thesis is insufficiently developed or vague. Purpose is not clear.	Thesis is apparent and appropriate to purpose.	Thesis is clear and forecasts the development of the paper. Thesis is descriptive and reflective of the arguments and appropriate to the purpose.	Thesis is comprehensive and contains the essence of the paper. Thesis statement makes the purpose of the paper clear.
Argument Logic and Construction	8.0%	Statement of purpose is not justified by the conclusion. The conclusion does not support the claim made. Argument is incoherent and uses noncredible sources.	Sufficient justification of claims is lacking. Argument lacks consistent unity. There are obvious flaws in the logic. Some sources have questionable credibility.	Argument is orderly, but may have a few inconsistencies. The argument presents minimal justification of claims. Argument logically, but not thoroughly, supports the purpose. Sources used are credible. Introduction and conclusion bracket the thesis.	Argument shows logical progressions. Techniques of argumentation are evident. There is a smooth progression of claims from introduction to conclusion. Most sources are authoritative.	Clear and convincing argument that presents a persuasive claim in a distinctive and compelling manner. All sources are authoritative.
Mechanics of Writing (includes spelling, punctuation, grammar, language use)	Surface errors are pervasive enough that they impede communication of meaning. Inappropriate word choice or sentence construction is used.	Frequent and repetitive mechanical errors distract the reader. Inconsistencies in language choice (register) or word choice are present. Sentence structure is correct but not varied.	Some mechanical errors or typos are present, but they are not overly distracting to the reader. Correct and varied sentence structure and audience-appropriate language are employed.	Prose is largely free of mechanical errors, although a few may be present. The writer uses a variety of effective sentence structures and figures of speech.	Writer is clearly in command of standard, written, academic English.
Paper Format (use of appropriate style for the major and assignment)	Template is not used appropriately or documentation format is rarely followed correctly.	Appropriate template is used, but some elements are missing or mistaken. A lack of control with formatting is apparent.	Appropriate template is used. Formatting is correct, although some minor errors may be present.	Appropriate template is fully used. There are virtually no errors in formatting style.	All format elements are correct.
Criteria 2Documentation of Sources (citations, footnotes, references, bibliography, etc., as appropriate to assignment and style)	Sources are not documented.	Documentation of sources is inconsistent or incorrect, as appropriate to assignment and style, with numerous formatting errors.	Sources are documented, as appropriate to assignment and style, although some formatting errors may be present.	Sources are documented, as appropriate to assignment and style, and format is mostly correct.	Sources are completely and correctly documented, as appropriate to assignment and style, and format is free of error.
Total Weightage	100%