3.Some people say that drug companies have a responsibility to spend money on researching medicines that will help people in poorer countries. Others say the main responsibility of drug companies is to make money. Discuss both these views and give your own opinion.

Pharmaceutical

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The pharmaceutical

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industry earns

enormous

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an enormous

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amount of

money

, annually. There is a debate over

if

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whether

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pharma

companies

are responsible

of

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for

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dedicating a part of their budget

for

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to

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developing products for under-developed nations or

they

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if they

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only

shall

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apply

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make as much profit

they

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as they

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can. Both ideas have relatively valid

arguements

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arguments

, namely humanitarian responsibility versus

shareholders

interests. Drug

companies

are believed to be responsible for people. Since they make a large amount of

money

out of humans' well-being, some argue that a part of their income shall be returned. Not only do pharma

companies

pay their fair share in total humanitarian

wellfare

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welfare

,

they

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but they

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frankly utilize their contribution as a "social

responsibilty

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responsibility

"

advertiesment

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advertising

campaign. The novel Covid-19 vaccines,

for example

, are developed through

a

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apply

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time and

resource consuming

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resource-consuming

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processes, but Pfizer-Biontech,

Asterazeneca

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AstraZeneca

, Moderna, and other

companies

provided their vaccines almost with zero profit to the public or even free to poorer countries.

Companies

, in their core endeavour, are only responsible for the profit of their

shareholders

.

This

notion is an accepted idea throughout the modern financial era. Pharmaceutical

companies

are no exception. In a "Capitalistic" world, pharma

companies

earn large

amount

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amounts

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of

money

and,

hence

are attractive for

shareholders

. their expenditure on

researches

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research

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that

have

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has

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no return is a major drawback for stakeholders.

Although

I agree that

companies

shall

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should

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make as much

money

as they can, and provide it to their

shareholders

, they have humanitarian

responsibilites

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responsibilities

, too. Counter-intuitively , the process of providing help to poorer countries is actually a profitable one. Pharmaceutical

companies

express themselves in

this

process.

Furthermore

, a mere Capitalist idea has failed in humanity. In conclusion,

while

the debate over

expenditure

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the expenditure

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of pharmaceutical

money

in poorer countries is an open discussion, I totally believe that it is essential for

such

companies

to provide zero-cost or zero-profit products to underprivileged nations.