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Unethical drug advertising
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Drug Promotion in the United Kingdom and Sweden: A Study of Pharmaceutical Industry Self-Regulation – Case 4
In many European countries and the UK, drug promotion is controlled by codes of practice managed by the pharmaceutical industry under a system known as self-regulation (Mulinari, Merlo and Zetterqvist 2015). Self-regulation is often voluntary since the pharmaceutical industry is able to design and follow its own set of rules. The UK and Sweden are the two countries frequently praised for their effective self-regulation (Mulinari, Merlo and Zetterqvist 2015).
One of the advantages of comparing the UK and Sweden is that these two countries have similar self-regulatory schemes (Mulinari, Merlo and Zetterqvist 2015).Both countries are
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Consequently, this led to 28 serious violations which constitute 28% of total drug promotion violations in the UK. Discredit and confidence cases also had 92 case breaches; however, by percentage they constituted a higher number of serious violations than any other category. Discredit and confidence represented 92 of a total of 100 serious violations. Market authorization (promotion of a drug prior to marketing approval) indicated 88 case breaches which resulted in 20 serious …show more content…
The industry has not been able to stop itself from partaking in multiple and sometimes highly unethical practices. There is a lack of restraint when it comes to market authorization and information violations. The interpretation of this data only leads the public to think that the consequences for all those violations are too low. Evidently, the fines and charges incurred by pharmaceutical companies’ average about 0.014% (Sweden) and 0.005% (UK) of estimated yearly revenues (Mulinari, Merlo and Zetterqvist 2015). These regulations and consequences only serve the private interests in both the UK and Sweden. Furthermore, charges in the UK and Sweden should not be designed to damage corporations financially; nevertheless, the fines need to serve as a deterrent to unethical behaviour which can impact prescribing practices of medical professionals. Also, as a last measure, regulators should consider using non-economic measures such as publications which can lead to damaging the reputation of the pharmaceutical company. Contrary to popular belief, self-regulation at many times can serve the private interest of corporations as there are no barriers or consequences to
In Melody Peterson’s “Our Daily Meds” , the history of marketing and advertising in the pharmaceutical industry is explored. The first chapter of the book, entitled “Creating disease”, focuses on how major pharmaceutical companies successfully create new ailments that members of the public believe exist. According to Peterson, the success that these drug manufacturers have experienced can be attributed to the malleability of disease, the use of influencial people to promote new drugs, the marketing behind pills, and the use of media outlets.
This paper discusses pharmacology and terminology related to “Pharmacology” which is the branch of medicine concerned with the uses, effects, and modes of action of drugs“ pharmacology. 2015. In Merriam-Webster.com. The study of different classes of drugs, routes of absorption, and drugs have effects on those consuming them. There are drugs that are necessary for illnesses and healing but, there are medicines that cause concern regarding interaction and harming the body.
Lyles, Adam. “Direct Marketing of Pharmaceuticals to Consumers.” Annual Review of Public Health, volume 23. 2002. Print.
In America today, many people are in need of medical help. In fact,the Federal Trade Commission estimates that 75% of the population complain of physical problems (Federal Trade Commission 9). They complain, for example, of fatigue, colds, headaches, and countless other "ailments." When these symptoms strike, 65% purchase over-the counter, or OTC, drugs. In order to take advantage of this demand, five billion dollars is spent by the pharmaceutical industry on marketing each year . This marketing, usually in the form of advert...
DTC advertisements aim to persuade that their possibly less effective drugs work better than other drugs rather than to inform consumers of correct information about drugs. The reason that pharmaceutical companies abuse the power of DTC advertising is because the pharmaceutical industry does not have a strong ethical code for advertising; their sales are so obsessed with profits. To solve this problem, policy makers should prohibit indiscreet DTC advertisements on air and fund more informative services about new drugs so that patients could make clever
Direct-to-consumer prescription drug ads are dangerous and can have serious effects on the health of the general public. In the article “Pros & Cons Arguments: ‘Should prescription drugs be advertised directly to consumers?’”, the pros and cons of the advertising of prescription drugs are compared. The negative aspects of these ads outweigh the positives. DTC prescription drug ads misinform patients, promote over-use, and pressure medical providers. The counter side argues that these ads inform patients, create a positive impact on patient compliance with medication, and cause patients to confront their doctors.
Background: Merck & Co. is an American pharmaceutical company and one of the largest pharmaceutical companies in the world. In 1971 the United States approved the use of an MMR vaccine made by Merck, containing the Jeryl Lynn strain of mumps vaccine. In 1978 Merck introduced the MMR II, using a different strain of the rubella vaccine. In 1997 the FDA required Merck to conduct effectiveness testing of MMRII. Initially it was over 95%; to continue the license; Merck had to convince the FDA that the effectiveness stayed at a similar rate over the years.
Why do consumers purchase specific drugs for various ailments, sicknesses or diseases they might have? Why do physicians prescribe certain drugs over competitive drugs that may be available to the public? Why is it that most of us can easily name specific drugs that fit the many ailments of today’s society? On the surface the answer might be as simple as good TV advertising or radio commercials or even internet adds. The truth of matter is the major pharmaceutical manufacturers own the patents on these drugs and this gives them all of the marketing budget and muscle they need to promote the drug and control the pricing. The incentives for larger pharmaceutical companies are very enticing and as a result, they don’t mind spending the time in clinical trials and patent courts to get their drugs approved. Some will even get patents on the process by which the drug is manufactured, ensuring that no competitor can steal the drug or the process. This protects their large financial investment and nearly guarantees a large return for their investors. Many consumer rights groups claim this is nothing more than legalizing monopolies for the biggest manufacturers.
Government factors into the equation of the argument. Critics of the drug industry say that there is not enough regulation, while supporters of the pharmaceutical companies argue that there is too much regulation and that that is one...
Being presented with the problems in the implementation of the SAP ERP system, it is evident that Novartis Pharmaceuticals requires a comprehensive action plan that resolves key issues and the underlying problem. Refer to Exhibit A for a graphical representation of the action plan.
Although monopolies appear damaging at times, there are arguments that they are an advantage to society. Monopolies in the pharmaceutical industry drive companies to pursue research and development (R&D) efforts to gain new patents. According to a 1992 study, among the 24 US. Industry groups, pharmaceuticals dedicated 16.6% of their amounts to basic research, while all other industries averaged at 5.3% (Sherer 1307). This fact validates the incentive pharmaceutical companies have to get a patent and acquire more power. Pfizer encourages R&D because of the incentives and a want to obtain patents to receive more profit. Pfizer has to promote itself to be successful, creating a good brand image that consumers will trust. If the company can advertise successfully, more consumers will purc...
Nadelmann, Ethan. "DRUGS: THINK AGAIN." European Coalition for Just and Effective Drug Policies. Sept.-Oct. 2007. Web. 02 Mar. 2011. .
With the increased cost of manufacturing, pharmaceutical companies have been divesting in their smaller or less profit making operations and focus on large segments. Many Pharmaceutical companies sold their manufacturing sites to contract manufacturing organizations. The dynamics of interfacing with contract manufacturing organization added intricacy in pharmaceutical supply chain network of pharmaceutical companies.
The case under analysis, Eli Lilly & Company, will be covering the positives and negatives with regards to the business situation and strategy of Eli Lilly. One of the major pharmaceutical and health care companies in its industry, Lilly focused its efforts on the areas of "drug research, development, and marketed to the following areas: neuroscience, endocrinology, oncology, cardiovascular disease, and women's health." Having made a strong comeback in the 1990's due to its remarkably successful antidepressant Prozac, was now facing a potential loss in profits with its patent soon to expire. The problem was not only the soon to expire patent on Prozac, but the fact that Prozac accounted for as much as 30% of total revenue was the reality Eli Lilly now faced. (Pearce & Robinson, 34-1)
Van Solinge, T. B. (2004). Dealing with Drugs in Europe: An investigation of European drug control experiences: France, the Netherlands and Sweden. The Hague: Willem Pompe Institute for Criminal Law and Criminology.