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The Pharmacuetical Industry

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by

Emily Walker

on 30 November 2015

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Transcript of The Pharmacuetical Industry

Corporate Social Responsibility
Corporate Giving: $100 million
Health and wellbeing
Science education
Local community needs
National Corporate Partner for Volunteers in Medicine
1901
Teva Pharmaceuticals
Cardinal Health
1971
Pfizer
1849
Novartis
1996
Glaxo-Smith Kline
2000
The Pharmaceutical Industry
McKesson

1833
By: Emily Walker, Daniele Legere, Bobby Xue, Nabila Abeng, Vincent Malaussena
The pharmaceutical industry preaches ethical behavior and corporate social responsibility, yet is infamously plagued with scandal; do the pros outweigh the cons?
CEO, Chairman, and President:
John Hammergren
7 Other Executive Vice Presidents
Based in the U.S. and Canada
Headquarters located in San Francisco, CA
Competition: Cardinal Health
McKesson
Scandal
Response
Stock prices declined by half
Shareholders
lost $9 billion
Faced
85 lawsuits
Dismissal and prosecution of several HBOC executives
John Hammergren becomes new CEO, President and Chairman
CSR
improved with ethics policy
CEO/Chairman:
Ian C. Read
Multinational
pharmaceutical corporation
Headquarters located in New York, NY
World's largest
research-based pharmaceutical company
Competition: Novartis, Teva, Glaxo-Smith Kline
Pfizer
Develops and produces drugs
Specializes in the areas of:
Immunology
Oncology
Cardiology
Diabetology/Endocrinology
Neurology
Blockbuster drugs
include:
Lipitor
Lyrica
Zithromax
Viagra
Celebrex
Scandals
Numerous scandals involving:
Agressive marketing
Over-charging
Bribery
1990s
Nigeria
- Pfizer tested risky drugs on children
without consent from parents
1991- discovered that
defective heart valves
had led to the
deaths of over 100 people
Not All Bad
After scandal Pfizer announced it would spend up to
$205 million
to settle the tens of thousands of heart valve lawsuits
Revenues in 2014 were
$49.6 billion
Since 2010 has spent over
$7.9 billion
to allow
2.5 million people
aceess to Pfizer prescriptions
Code of Conduct
Ethical Issue
Allegedly violated the False Claim Act (March 2014)
Payments to physician Michael Reinstein
Clopazine intoxication
Paid $27 million to settle allegations
Indirect Blindness: delegating unethical behavior to a third party
CEO:
David Schlotterbeck
A
multinational
company
Headquarters located in Dublin, Ohio
Competition: McKesson
Ethical Issues
In 2012: Supsended by DEA for allowing pharmacies to purchase
excessive amounts of oxycodone

Response: Blocked two of the pharmacies and alerted the corporate owners of the two CVS stores
Headquarters located in Basel, Swtzerland
A Multinational Company established at 1996
One of the largest
companies in the pharmaceutical industry
Divided into
3 operating divisions
:
Pharmaceuticals
Alcon (eye care)
Sandoz (generics)
Customers include
hospitals
and
private clinics

Financials

2013-
greatest sales
among the world-wide pharmaceutical industry
2014- total revenue was
$57.996 billion
$2.1781 billion
spent on patient assistance
700 million
malaria treatments delivered without profit since 2001
Ethical Issues
Charged with many counts of
off-label marketing
and
kickbacks
Temporarily
suspended in Japan
for failing to report side effects
Over
exaggerated in advertisement
on their the blood pressure pill, Diovan
Values
Scandal
July 2012-
$3 billion

Promotion for
unapproved uses
Kickback
s to Doctors & medical journals (CASPAR)
CEO:
Andrew Witty
Chairman:
Sir Philip Hampton
Company breakdown:
Pharmaceuticals 67%
Vaccines 14%
Consumer healthcare 19%
LSE & NYSE
Competition: Pfizer, Teva Pharmaceutical, Novartis
Has been
ranked 1st
by Global Access Medical Index
Cut price of drugs by
25%
in 50 poorest countries
Invest
20%
of profit from least developed countries into medical infrastructure
Impact & Response
5 year corporate integrity agreement

Changes in
Code of Conduct
Far less than profits made from drugs
Stocks rose
Headquarter located in Israel
President/CEO:
Erex Vigodman
Product & Services:
Generic and Specialty Drugs

Anti-corruption policy
Customers:
Hospitals
Health Care Plans
Physicians
Products & Services:
Pharmaceutical Distribution
and
Health Care Technology
Customers: Hospitals,Physicians and Health Care Plans
Fundamental Values
McKesson bought HBOC
Announced income of
$237.1 million
Audited to find millions in
fake transactions
Real total earnings were
$84.9 million
Total amount overstated in 3 years was
$327 million
At Pfizer, we are committed to applying science and our global resources to
improve health
and well-being at every stage of life. We strive to provide access to
safe
,
effective
and
affordable
medicines and related health care services to the
people who need them
.
We will continue to be the leader and challenge ourselves to deliver the highest level of
automation
, counting
accuracy
,
patient safety
, inventory control, pharmacy
efficiency
, cost
savings
and
customer satisfaction
in the industry.
Thank you for watching.

Questions?
Improve the quality of human life
by enabling people to do more, feel better,and live longer.
Teva is committed to increasing
high quality healthcare
by developing, producing and marketing
affordable
generic drugs as well as
innovative
specialty pharmaceuticals.
"We never bribe, or offer, provide or promise anything of value (directly or indirectly) that is intended to improperly influence the action of government or private individuals"
To
improve patients' lives
by providing customers with innovative science and differentiated healthcare solutions delivered by diverse and engaged talent with
integrity, passion and focus on performance
.
Mission Statement
Mission Statement
Mission Statement
Mission Statement
Mission Statment
We consider the highest standards of
personal and professional ethics
as the cornerstone of
trust
among our customers and ourselves.
Mission Statement
Competition: Pfizer, Novartis, Glaxo-Smith Kline
CEO since 2010:
Joseph Jimenez
Eight of other executives
Competition: Pfizer, Teva, Glaxo-Smith Kline
Manufactures
medical
,
laboratory
, and
surgical

supplies
Provides pharmacies with
branded and generic prescriptions
Provides products to
75% of hospitals
in the USA
Novartis
Products
Financials
2014 annual sales were $91.08 billion
Full transcript