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    Ethics

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    This document provides an overview of business ethics in the pharmaceutical industry. It discusses the origins and development of the industry from the 1920s to today. It outlines some key regulations introduced in the 1970s to increase safety standards. It also lists some of the largest pharmaceutical companies and discusses trends like increased regulation, technology advances, and future growth opportunities in the aging population. Examples are given of some major ethical violations by pharmaceutical companies in clinical trials and improper marketing practices that resulted in large fines.

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    Ethics

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    amitshahco
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    This document provides an overview of business ethics in the pharmaceutical industry. It discusses the origins and development of the industry from the 1920s to today. It outlines some key regulations introduced in the 1970s to increase safety standards. It also lists some of the largest pharmaceutical companies and discusses trends like increased regulation, technology advances, and future growth opportunities in the aging population. Examples are given of some major ethical violations by pharmaceutical companies in clinical trials and improper marketing practices that resulted in large fines.

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    This document provides an overview of business ethics in the pharmaceutical industry. It discusses the origins and development of the industry from the 1920s to today. It outlines some key regulations introduced in the 1970s to increase safety standards. It also lists some of the largest pharmaceutical companies and discusses trends like increased regulation, technology advances, and future growth opportunities in the aging population. Examples are given of some major ethical violations by pharmaceutical companies in clinical trials and improper marketing practices that resulted in large fines.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    1K views21 pages

    Ethics

    Uploaded by

    amitshahco
    This document provides an overview of business ethics in the pharmaceutical industry. It discusses the origins and development of the industry from the 1920s to today. It outlines some key regulations introduced in the 1970s to increase safety standards. It also lists some of the largest pharmaceutical companies and discusses trends like increased regulation, technology advances, and future growth opportunities in the aging population. Examples are given of some major ethical violations by pharmaceutical companies in clinical trials and improper marketing practices that resulted in large fines.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 21

    Business Ethics in Pharmaceutical Industry

    Presented by: Saurabh Akare (02) Chetan chorge (06) Rachana Sawant (45) Sneha Kolge (89) Chinmay shankar Sagar Kamble

    PHARMACEUTICAL INDUSTRY
    The Pharmaceutical Industry develops, produces, and markets drugs or pharmaceuticals licensed for use as medications. Pharmaceutical companies are allowed to deal in generic and/or brand medications and medical devices. They are subject to a variety of laws and regulations regarding the patenting, testing and ensuring safety and efficacy and marketing of drugs.

    The word pharmaceutical comes from the Greek word Pharmakeia. The modern transliteration of Pharmakeia is Pharmacia.

    Origins

    Rhine Valley of Switzerland Drug Store

    Key discoveries ( 1920s-1930s)


    insulin and penicillin Switzerland, Germany, Italy, UK, US, Belgium and Netherlands, had strong industries.

    New Innovation (1960s)

    The industry expanded rapidly in the sixties, benefiting from new discoveries.

    Attempts were made by the U.S. Food and Drug Administrati on (FDA) to increase regulation of pharmaceutical industries and to limit financial links between companies and prescribing physicians.

    World Medical Association set standards for clinical research. Pharmaceutical companies were required to prove efficacy and safety of the drug in clinical trials before marketing them.

    Regulation (1970s)

    Tighter regulatory controls were introduced . The new regulations revoked permanent patents and established fixed periods on patent protection for branded products. Legislation was enacted to test and approve drugs and to require appropriate labeling. Prescription and nonprescription drugs became legally distinguished from one another as the pharmaceutical industry matured.

    Leaders

    The leading companies in this industry are referred to as Big Pharma. Headquartered in the United States, United Kingdom, Switzerland, Germany, and France. Johnson & Johnson and Abbott Laboratories - United States GlaxoSmithKline - United Kingdom Bayer - Germany

    Trends

    Investment The complexities of the regulatory and approval process Big Pharma teaming with smaller pharmaceuticals has become more pronounced. Expanding regulatory forces are driving an urgent need for pharmaceutical companies to develop practical and effective solutions for meeting the challenges of integrating governance, risk, and compliances on a global level.
    Technology The newest technological trends have been with the

    Future Outlook

    The chemicals and drugs industry has a promising future. With an aging population consuming three times as many drugs as younger people, demand is expected to rise and opportunities to increase. Drug spending is expected to triple from 2000 to 2050.

    Many new drugs are expected to be developed in the coming years. Advances in technology and the knowledge of how cells work will allow pharmaceutical and medicine manufacturing makers to become more efficient in the drug discovery process. Further, there is a direct relationship between gene discovery and identification of new drugs- the more genes identified the more paths available for drug discovery. New genetic technology is being explored to develop vaccines to prevent or treat diseases that have

    Ranbaxy Labs

    With total net sales of Rs 7686.59 crore, Ranbaxy is the largest pharmaceutical company in India. Cipla Second largest with total net sales of Rs 6,977.50 crore Dr Reddys Labs Third largest with total net sales of Rs 6,686.30 crore Lupin Fourth largest pharma company in India with the total net sales of Rs 5,364.37 crore. Aurobindo Pharma Aurobindo Pharma is on 5th position with the total net sales of Rs 4,284.63 crore.

    Sun Pharma

    Sixth largest with Net Sales of Rs 4,015.56 crore Cadila Health Seventh largest pharma company with the total sales revenue of Rs 3,152.20 crore. Jubilant Life Eight largest company with Net Sales Rs 2,641.07 crore. Wockhardt Ninth largest pharmaceutical company in India with net sales of 2,560.16 crore Ipca Laboratories Revenue of Rs 2,352.59 crore makes Ipca India's 10th largest pharma firm by sales.

    Ethical Business Practices


    Investors: Ensuring safety of their money and timely

    payment of interest.
    Employees: Provision of fair opportunities in

    promotions and training, good working conditions, and timely payment of salaries.
    Customer: Complete information of the service and

    product should be made available. Personal information of the customers should not be used for personal gain.

    Ethical Business Practices


    Competition: Unscrupulous tactics and methods

    should be avoided while handling competitors.


    Government: Rules and regulations regarding

    taxes, duties, restrictive and monopolistic trade practices, and unlawful activities like corruption and bribing should be adhered to.
    Environment: Polluting industries should ensure

    compliance with the government norms regarding air, water and noise pollution.

    Unethical Business Practices


    Resorting to dishonesty, trickery or deception. Distortion of facts to mislead or confuse. Manipulating people emotionally by exploiting their

    vulnerabilities.
    Greed to amass excessive profit. Creation of false documents to show increased

    profits.

    Unethical Business Practices


    Avoiding penalty or compensation for unlawful act. Lack of transparency and resistance to investigation. Harming the environment by exceeding the

    government prescribed norms for pollution.


    Invasion of privacy used as leverage, for obtaining

    personal or professional gains.


    Sexual discrimination

    Examples of violation of Ethics


    In April 2012 Johnson & Johnson was fined 1.2

    billion dollars in Arkansas for marketing practices of their drug Risperdal.


    In May 2012 the drug firm Abbott Laboratories

    was fined 1.6 billion dollars for illegally promoting their drug Depakote.

    UNETHICAL CLINICAL TRIAL IN ARGENTINA CASE


    COMPANY INVOLVED:GLAXOSMITKLINE

    BREIF OVERVIEW OF COMPANY CHARGES ON THE COMPANY PROTOCOL CAMPUS DRUG USED IN CARRYING OUT CLINICAL

    TRIAL

    UNETHICAL CLINICAL TRIAL IN ARGENTINA CASE


    WAY OF CONDUCTING THE CLINICAL TRIAL

    EFFECT OF DRUG:DEATH OF 14 BABIES OUTCOME

    Thank You !!!!

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