Government exercises relatively little control over pharmaceutical firms and their activities.

Question

Quizplus · Accepted Answer

Governments exercise significant control over pharmaceutical firms through various regulatory agencies and laws, including the FDA in the United States and the EMA in the European Union. These agencies dictate the safety and efficacy standards drugs must meet before being approved for sale, and also monitor post-market safety and manufacturing practices. Additionally, governments often negotiate prices for drugs purchased through public healthcare programs.

Government Exercises Relatively Little Control Over Pharmaceutical Firms and Their