Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/27493
Title: Social Responsibilities of the Global Pharmaceutical Companies: Towards an Ethical Health Care Paradigm
Contributor(s): Kanwar, Abhay Vir Singh (author); Rahim, Mia Mahmudur  (author)orcid 
Publication Date: 2019
Handle Link: https://hdl.handle.net/1959.11/27493
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.
Publication Type: Journal Article
Source of Publication: Journal of Law and Medicine, 26(4), p. 750-763
Publisher: Lawbook Co
Place of Publication: Australia
ISSN: 1320-159X
Fields of Research (FoR) 2008: 180119 Law and Society
220105 Legal Ethics
Fields of Research (FoR) 2020: 480405 Law and society and socio-legal research
500105 Legal ethics
Socio-Economic Objective (SEO) 2008: 910401 Industrial Relations
949999 Law, Politics and Community Services not elsewhere classified
Socio-Economic Objective (SEO) 2020: 150301 Industrial relations
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Publisher/associated links: http://sites.thomsonreuters.com.au/journals/2019/08/09/journal-of-law-and-medicine-update-vol-26-pt-4/
Appears in Collections:Journal Article
School of Law

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