Oct 03, Elbrit Life Sciences has announced that it is expanding its footprint in the domestic pharmaceutical industry. The fast-growing domestic pharmaceutical company is presently in advanced talks with its parent investment firm Capital Investments and a Qatar based investment firm to raise 3 million USD. This major investment is aimed at expanding the company's domestic footprint in branded formulation business.
Excerpted from Chapter Questioning Authority Growing Up Guided The difference between the world of a child and the world of an adult can largely be described in terms of control, competence, and responsibility.
When you were a child, you had little control over decisions that affected you. You were expected to eat what you were given, go to school at the assigned time, go to sleep at a designated bedtime, and so forth.
Adults made the decisions because it was assumed that you lacked the capacity to decide for yourself. As an adult, you are responsible for all these decisions and more.
The responsibilities of adults in fact extend beyond their actual areas of competence, which explains a lot about the way the world works. If you want to build an addition to your home, you hire a contractor. To take care of your health, you hire a physician; for legal matters, an attorney.
You buy shoes from a company with expertise in manufacturing footwear.
Is it moral to deny medical care to a child whose parents have no health insurance? Should murderers be put to death? Is it acceptable to perform medical experiments on human beings without their consent? There are no scientific answers to these questions, or thousands more like them.
Knowledge matters, whether you are deciding about abortion or hiring someone to remodel your kitchen. In a democracy that s the kind of deference we should expect from experts on public policy. And a contractor who spends a lot of time studying ways to minimize your outrage is probably not someone you really want to hire.
When hiring a contractor, you can turn to a state licensing board or the Better Business Bureau to see if someone has valid credentials and a reputation for doing honest work There is no such system for accrediting public policy experts.
However, if someone makes claims of a scientific nature you can ask what kind of education licensing and other credentials they possess in the field for which they are claiming expertise.
It is also worth asking how experts rank among their peers, although you should bear in mind that every profession has its blind spots and tends to circle the wagons against outside criticisms. Nature is complex, and research is difficult.
The most that science can tell us about a given question is that there is a strong probability that such-and-such an answer is true. One of the classic journalistic textbooks on the subject is News and Numbers: Scientists live with uncertainty by measuring probability.
A P value of. Annotated Guidelines for Authors, Editors, and Reviewers. How confident can you be in the results? Were there any possible flaws in the study?
Bear in mind, however, that authors can pay to have scientific findings published even in some peer-reviewed journals.
Asking some of these questions may seem daunting. Often you can find a friendly scientist at your local university who is willing to translate things into plain English. University scientists are trained and paid to be educators, and many of them are happy to assist an intelligent, motivated person with questions.
The Precautionary Principle Given the uncertainties inherent to science and to all human endeavorswe are strong believers in the importance of the precautionary principle, which we discussed in Chapter 6. The reason that democracy matters in science and scientifically influenced policy is precisely that uncertainty exists and that different people reach different conclusions about important issues.
Debate and compromise are the processes through which people resolve these differences. When a new technology is introduced, such as nuclear power or genetic engineering, some people will focus entirely on the potential benefits of the new technology while ignoring the dangers.
This process may slow the pace of introduction of new technologies, which indeed is part of the point to having a democratic decision-making process.
If these prophecies had been correct, we should by now be jet-packing to work, living in bubble-domed cities beneath the ocean, colonizing the moon and Mars.
Predictions regarding computers are notorious for their rhetorical excess. At that point, the machine will begin to educate itself with fantastic speed. In a few months, it will be at a genius level, and a few months after that, its power will be incalculable.
The views of these techno-optimists deserve to be part of the decision making process but they should not be allowed to crowd out the views and concerns of the skeptics — the people who are likely to experience the harmful effects of new technologies and who deserve to play a role in deciding when and how they should be introduced.
Just as war is too important to leave to the generals, science and technology are too important to leave in the hands of the experts.View the profiles of people named Tractors As. Join Facebook to connect with Tractors As and others you may know.
Facebook gives people the power to. Guest Post: “Martin Shkreli: The Man of the (Pharma) Year ” But pharma industry claims a rationale – the high prices are necessary to meet the huge R&D expenses for developing a drug.
What that expense is, is yet another mystery. View all posts by Swaraj Paul Barooah. The analysis will be essential for those having strategic interest in the company & will be especially useful for key decision makers, top management of companies, suppliers, vendors, current & potential investors, industry & company analysts & those associated with the industry or the yunusemremert.com: € The pharmaceutical market may have grown 10 per cent in value terms in , but the sector as a whole witnessed lower growth of per cent as compared to per cent in due to several challe.
Nepal Pharmaceutical Industry News Monitoring Service from EIN News; Media Monitoring & Online News Monitoring of Nepal Pharmaceutical Industry Nepal Pharmaceutical Industry News Monitoring Service. United Nations, Sep 24 (IANS) External Affairs Minister Sushma Swaraj began her hectic round of bilateral interactions on the sidelines of.
From Sheldon Rampton and John Stauber. Trust Us, We’re Experts! How Industry Manipulates Science and Gambles with Your Future.
New York: Penguin Putnam, Excerpted from Chapter Questioning Authority.