A Nurse Is Discussing Generic and Trade Drugs with a Client.The

question 11

Multiple Choice

A nurse is discussing generic and trade drugs with a client.The client wants to know why it takes so long for trade drugs to become available in the generic form,which are generally less expensive.What is the nurse's best response?

• A)It takes 17 years for all pharmaceutical companies to develop a generic version of the drug.
• B)It will take 17 years of clinical trials to approve the drug.
• C)Sole ownership of a drug allows the pharmaceutical company to earn back the money spent to develop the drug.
• D)Animal testing must continue for 10 years,then 7 years of human clinical trials,for a drug to be approved.

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Definitions:

Money Market Funds

Investment funds that invest in short-term debt securities with the aim of offering high liquidity with a low level of risk.

Institutional Funds

Investment pools that target large-scale investments, managed by professionals and accessible mainly to institutional investors.

Increased Disclosure

The practice of making more financial and operational information available to the public or regulatory bodies, aiming to improve transparency.

Redemptions

The process of returning an investment’s principal at maturity or withdrawing funds from an account, often seen in mutual funds or fixed-income securities.