Write an essay discussing this statement, ‘The pandemic has shown that high profits for pharmaceutical companies are vital for innovation; these companies should therefore not be regulated by the competition authorities’.

Write an essay discussing this statement, ‘The pandemic has shown that high profits for pharmaceutical companies are vital for innovation; these companies should therefore not be regulated by the competition authorities’.Competition and Markets Authority. (2020) ‘CMA secures affordable supply of key bipolar drug’.Competition and Markets Authority. (2020) ‘CMA fines Pfizer and Flynn £90 million for drug price hike to NHS’.Neville, S. et al. (2020) ‘AstraZeneca’s $39bn Alexion deal marks shift from prey to predator’, Financial Times, 14 December.Desmyter, S. (2020) ‘The ESG case for the Oxford/ AstraZeneca vaccine’, Financial Times, 23 December.