Ethics and Morals Are Essential for Pharmaceutical Companies Essay example

Ethics and Morals Are Essential for Pharmaceutical Companies Essay example

Length: 538 words (1.5 double-spaced pages)

Rating: Good Essays

Open Document

Essay Preview

Companies today have been aware that it is very important for them to enforce ethics and morality in their actions and ideas. They know they will be profoundly analyzed and rejected by the public if these enforcements are not their number one to facilitate wellness in society. This way of rational thought pertains to the pharmaceutical industry. The pharmaceutical industry can regulate the health of many lives all over the world. It becomes essential that they follow the ethical and moral route for the good of society and to enable wellness. Pharmaceutical companies have been as easy target of many critics over the years. There is a perception that these companies are strictly out for profit and that they will stop at nothing to gain money for themselves and their shareholders. These issues have initiated a great deal of damage to the consumers of the pharmaceutical industry and now they must find ways to regain reliance of society. The reality of this is many of these drugs are saving lives and helping people live happier, healthier and longer. By these industries changing their methods, it has become more beneficial to society and also keeping the business orientation. Pharmaceutical companies should not be negatively viewed because they produce beneficial vaccines, implement consumer surplus, and maintain socio-economic benefit.
Pharmaceutical companies produce an assortment of products that treat many different kinds of diseases and sicknesses that people all over the world are suffering from. These companies are developing vaccines to avoid individuals from infectious diseases and to boost their immune systems. There are drugs that treat and support each kind of condition such as influenza, sexually transmitted disease, and...


... middle of paper ...


...at-We-Do/Global-Development/Vaccine Delivery#AreasofFocus


Dowdall, B. (2014). Overall Benefits of Pharmaceuticals Outweigh Costs. Analysis shows Ontario gets twice as much back in benefits as spends for commonly prescribed pharmaceutical treatments, 14, 14A. Retrieved from: http://www.conferenceboard .ca/press/newsrelease/13-07-11/overall_benefits_of_ pharmaceuticals _outweigh _costs.aspx

Kelland, K. (2013). GSK aims to market world’s first malaria vaccine. Retrieved from:
http://www.reuters.com/article/2013/10/08/usmalariavaccinegskidUSBRE9960Y3201318

Leviatt, J. (2009). Pros and Cons of M&A in the Pharma Industry. Retrieved from: http:// blog.nerac.com/blog/2014/01/22/impact-ma- pharmaceutical-companies/.

Victoria, S. (2011). Why Work in Pharmaceuticals? Retrieved from: http://careers.abpi .org.uk /industry-information/Pages/Why-work-in-pharmaceuticals.aspx

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Abandoning Morals and Ethics: Oryx and Crake, Elizabeth Bathory Essay

- “A maid accidentally pulled the countess’ hair while combing it; Countess Elizabeth Bathory instinctively slapped the girl on the ear, but so hard she drew blood. The servant girl’s blood spurted onto Elizabeth’s hands...the countess noticed that as the blood dried, her own skin seemed to take the whiteness and the youthful quality of the young girl’s skin.” (Rodrigues 15). Elizabeth Bathory is known by many different names; ‘The Bloody Lady of Čachtice’, ‘The Blood Countess’, ‘Countess Dracula’, and not without reason....   [tags: bloody countess, divine role]

Good Essays
978 words (2.8 pages)

ADHD, Ritalin, Families, and Pharmaceutical Companies Essays

- ADHD, Ritalin, Families, and Pharmaceutical Companies In today's fast-paced society, it seems that prescription drugs are a more reasonable and reliable solution for children and adults than diet and exercise for the "disease" known as ADHD. Rather than take the time to play with their children, or institute a proper diet, it seems that increasing numbers of parents would rather treat their children's unexplained zest for life with pills and doctors. While there are some explanations and reasons for the diagnosis of this popular disease, most children are improperly diagnosed, and are therefore taking unneeded medication....   [tags: Drug Companies Pharmaceutical Industry]

Good Essays
3498 words (10 pages)

National Healthcare: Nationalization of Pharmaceutical Companies Essay

- Almost 20 percent of American citizens do not have healthcare insurance. An even greater number of citizens are underinsured. Consequently, a large number of Americans receive very little to no healthcare. A large number of these citizens are women and children. Many of those who are uninsured are hard working families who just don’t have a large enough income to afford coverage, yet, make too much money to qualify for Medi-Cal, the state's healthcare provider. In a society, such as ours, it is a shame that we don’t provide what I consider should be a basic human right, to all of our citizens equally....   [tags: insurance, profits, pharmaceuticals]

Good Essays
611 words (1.7 pages)

Company Ethics and Moral Essay

- Companies today have been aware that it is very important for them to enforce ethics and morality in their actions and ideas. They know they will be profoundly analyzed and rejected by the public if these enforcements are not their number one to facilitate wellness in society. This way of rational thought pertains to the pharmaceutical industry. The pharmaceutical industry can regulate the health of many lives all over the world. It becomes essential that they follow the ethical and moral route for the good of society and to enable wellness....   [tags: pharmaceutical companies, benefits]

Good Essays
1170 words (3.3 pages)

HRM Strategies Needed by Janssen Pharmaceutical Companies to Achieve High Performance Work

- EXECUTIVE SUMMARY High Performance Work (HPW) is absolutely essential for the associations to manage the to a great degree aggressive markets. Absence of organisational effectiveness or techniques would absolutely push the association in the negative course. In this paper Leadership and Human Resource Management (HRM) ideas are contemplated for expanding the superior working of the Janssen Pharmaceuticals. The collaboration and HRM procedures utilized by the Janssen are assessed. The assessment is carried out on the premise of proper hypothetical models....   [tags: Janssen Pharmaceuticals Case Study]

Free Essays
2600 words (7.4 pages)

Companies, Ethics, and Privacy of Personal Information Essay

- Introduction Personal data is quickly becoming a commodity in today's high technology world. This information is used by banks, investment and brokerage companies, credit card merchants, government agencies (local, state and federal), and consumer product-based companies. Most people probably don't realize the amount of information that's shared between companies, or how often it's done. Many companies sell and share customer data to help sell products and find out what new products they should produce....   [tags: Privacy Morals Ethics Essays]

Good Essays
4566 words (13 pages)

Can Ethics Be Taught? Essay

- What are ethics. Ethics are the set beliefs and values of an individual which they apply to circumstances relating to morality. To act in an ‘ethical’ manner, an individual must display integrity by doing what they believe to be right. When working within any professional body, an individual will be subjected to circumstances in which personal ethics will come into play. The Accounting profession is no different as ethical questions arise as part of any working day and can effect how an individual or the company conducts business....   [tags: Ethics Morals ]

Good Essays
1611 words (4.6 pages)

Pharmaceutical Marketing Ethics Essays

- The discovery, development, manufacturing and marketing of medicines always involve questions of ethics. For example increasing pressure by governments to reduce healthcare expenditures potentially creates ethical issues for sales and marketing employees as they work to grow in the business. The healthcare industry is highly regulated and most pharmaceutical companies are committed to operating within the law. They have developed their own policies and guidance to ensure that all employees meet the highest ethical standards in their work....   [tags: essays research papers]

Free Essays
389 words (1.1 pages)

Computer Ethics Essay

- As of September 2003, there were approximately 70 million Americans or about 62 percent of the American population had at least one home computer. Another statistic is that about 55% of people also have internet on there home computers. In everyday life it is important for a person to have good ethics; this is also true about computer usage. Due to the fact that more then half of the American population owns computers, computer ethics are a growing concern in a rapidly changing society. Computer ethics can be broken down in to many topics including piracy, hacking, viruses, spam, phishing, and responsibility of use of software, cyber porn, and invasion of privacy and the use of the computer...   [tags: Ethics Morals Morality]

Good Essays
885 words (2.5 pages)

Essay about Ethics

- Ethics Imagine a 15 year old student in philosophy class. After discussing why should you or shouldn't you judge other societies, and getting in depth with ethics, the teacher decides to tell a story to the class. She says"..there is a tribe in the Amazon(Brazil) were they show love and respect by cutting body parts.It would be a good sign if your father cuts a finger of a son...." she then asked the class ".... if you end up in the Amazon, would you stop a father cutting a sons finger because in your society is wrong....   [tags: Work Ethics Morals]

Good Essays
1607 words (4.6 pages)