Social Responsibilities of the Global Pharmaceutical Companies: Towards an Ethical Health Care Paradigm.

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ID: 94884
2019
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Abstract
Although the pharmaceutical industry is a multi-billion-dollar business, it fails to save the lives of millions. Astronomical drug prices are not just an economic problem that can be settled through clever marketing strategies but a significant ethical issue. This article delves into the ethical health care paradigm, which can supplant the present economistic paradigm. Grounded in the ethical-philosophical argument for recognising an individual's right to be healthy, it asserts the practical proposal of cost rationalisation and universal availability of essential and lifesaving drugs. This is achievable by supporting research and development funding for drug innovation by the business establishment, and as such falls within the scope of corporate social responsibility.
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kanwar2019socialjournal Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Kanwar, Abhay Vir Singh;Rahim, Mia Mahmudur;
Journal journal of law and medicine
Year 2019
DOI
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URL URL not found
Keywords
development health human rights ethics drugs corporate social responsibility multinational corporations weak economies

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