Many people in poor countries die from diseases that are curable because they cannot afford the medication required. Do you believe that drug companies should make their products available at reduced prices in these countries?

Underprivileged
people
living in poor
countries
often find it hard to afford expensive
medicines
required for their life-threatening diseases resulting in their short life spans. I believe pharmaceutical
companies
out of their moral responsibility should come forward to offer these
medicines
at a nominal price
that is
feasible to them
,
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so that more
people
in underdeveloped
countries
can benefit and live longer.
Due to
poor living conditions in third-world
countries
, life-threatening diseases are more prevalent among the
people
. The life-saving medicaments for these diseases are more often too expensive leading to the premature death of the underprivileged population of the community.
For example
, medical drugs prescribed for critical illnesses like cancer , diabetes and hypertension are very expensive and
countries
like India, Thailand and Africa set up prices of these
medicament
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medications
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at affordable prices to improve their reach to financially weaker sections of society.
People
living in difficult social conditions could not afford to buy these medical drugs, as they struggle even to meet their basic needs
due to
lack of financial security. Pharmaceutical industries invest a lot of money in setting up their
companies
and spend a huge sum of money on research and development in inventing these drugs. Selling life-saving
medicines
at a nominal price could result in economic implications leading to the bankruptcy of pharmaceutical
companies
. Drug
companies
should pay attention to social ethics
in addition
to their profits and they should strike a balance between the two. Medicine
companies
as part of their moral responsibility should come forward to offer
medicines
at a feasible price structure to make them available to the underprivileged
people
without compromising their own existence. The Governments and charitable organisations in developing and underdeveloped nations should give a helping hand by providing funding to governments which in turn enables the state administration to subsidise the cost of these life-saving
medicines
. In my opinion in order to maintain social equality and support
people
in poor
countries
, it is essential to make life-saving
medicines
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Topic Vocabulary:
  • Pharmaceuticals
  • Generic drugs
  • Patent laws
  • Healthcare disparity
  • Subsidies
  • Non-Governmental Organizations (NGOs)
  • Intellectual property
  • Epidemiology
  • Affordability
  • Global health initiatives
  • Corporate social responsibility
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