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Life, Death, and Property Rights: The Pharmaceutical Industry Faces AIDS in Africa. 1) How should the...

Life, Death, and Property Rights: The Pharmaceutical Industry Faces AIDS in Africa. 1) How should the pharmaceutical companies respond to the AIDS plague in Africa? 2) What strategy should the pharmaceutical companies follow to protect their intellectual property rights? 3) How far should the pharmaceutical companies go to protect their IP rights? What are the costs and benefits of these potential actions? 4) What are the components of the African medical system? 5) If the pharmaceutical companies gave away their AIDS products in the African market, would this action result in a significantly improved AIDS environment for patients in Africa? Please provide references

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Answer:AIDs is one of the HIV disease which is a life threatening disease. The pharmaceutical companies should respond to the AIDs plague in Africa as the rate of disease is increasing at high rate. Most of the patient die due to unavailability of proper medicines. The pharmaceutical companies should indulge in this matter and should provide drugs at low cost. The pharmaceutical companies should take matter on hand to provide instant supply of medicines to Africa. It would reduces the health disparities in the country and may enable some patients to live for a long period of time. The symptoms can be controlled. Cutting costs is much better than losing a market. The other advantage would be for the pharmaceutical companies as their products could reach more places and hence increase in the selling of products.

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