The pharmaceutical industry, despite several regulations set by the food and drug administration, is a free market economy. Meaning, the pharmaceutical sector lacks government regulation and has control over the prices of specialty drugs desperately needed by the public. Therefore, the pharmaceutical industry being a free market negatively affects the
Hospital that had implemented this system had shown to have reduction on incidents of medication errors as well as cost effective and improved patients’ outcome. However, there are still barriers in implanting this system such as cost and lack of support from the management as well as system error. Today healthcare service is focusing on safety and the strongest point of having this system is for patient safety. Researchers had argued that by implementing this system it had remarkably increased patient safety and decreased medication errors. This system had generally gain support from doctors as they were encourage to learn to prescribe via electronically as it will help to reduce and prevent medication errors (Wang, et.
There are not many times when a person should evaluate themselves before faulting another person. As Roger Miller identified the first doctrine of strict product liability and public policy assumption as “consumers should be protected against unsafe products,” that is true. Protection should be given to everyone at some point in time. Psalm 121:7 New Living Translation (NLT) states, “The Lord keeps you from all harm and watches over your life.” At the same time, Luke 6:37 New Living Translation (NLT) advises, “Do not judge others, and you will not be judged. Do not condemn others, or it will all come back against you.
Yannopoulu, Koronis, and Elliot (2011) discussed extensively how the media was the main culprit in product-harm crisis amplifications. Consumer who had direct contacts with product had already given excuses for the defect but later changed their opinions after the amplifications. The globalization of the world economy also made information sharing very easy and unfortunately bad information spreads faster than the good ones. The company’s response is another very important factor in that most consumer will pardon the companies and reduce what is described as trade-off of product purchase if the affected company is perceived to be truthful in the handling of the entire process. For example, if the company did not wait for the external intervention from the government for example before initiating a
The pharmaceutical company marketed the drug as free treatment and to get people to voluntarily take them. This way if they were to experience any side effects the company would not be held liable. The reason they are so aggressive and in such a hurry to test this new drug is because they want to be the first ones to come out with a drug in that class. They want to be able to make all the money they can make initially and therefore they need to have the drug out on the market. Even though the drug is producing plenty of adverse effects and has taken plenty of lives, the company believes that once they figure out the perfect dosage the drug will start helping people
The main idea of this article is the ability of pharmacists to help in a health care system in order to improve patient care and decrease costs. The overall main points of this article gives positive image to readers that pharmacists really play a crucial role in this health care system, especially through drug therapy management. They provide medication management framework which includes the assessment of treatment, care plans, monitor of compliance of patients and evaluation of effectiveness of medications provided. Also, pharmacists are the health professionals with the best potential to effectively coordinate medication across the continuum, and thus help improving care, reducing duplication of services, decreasing emergency room visits and hospital admissions, preventing abuse or misuse of medications and reducing the risk of drug therapy problems. Besides, this article also talks about the progress that has been made by pharmacy and governments working together to optimize health care system outcomes through advances in regulation, education and training, testing of new models of care and participation in interprofessional initiatives and in electronic health systems.
Introduction Quality and ethical care are key values for pharmaceutical companies. One strategy by which pharmaceuticals extend their values to their clients and patients is effective health and wellness products. Traditionally, pharmaceutical facilities’ core marketing concern is ethical promotion of their products. The elements of health and wellness marketing for which pharmaceuticals accord ethics a lot of attention are advertising and promotion. Despite the attention accorded to health and wellness, there are reported cases of violations of the ethics of health and wellness advertising by pharmaceutical firms.
For them, justification of parallel trade should be granted in a limited situation, but AG Jacobs didn’t think it the same; instead, AG Jacobs gave three factors in his opinion should be considered . First, AG Jacobs mentioned pharmaceutical industry is different from other industries in E.U. Because in pharmaceutical industry, it is member states that regulate the price of medicinal product rather the market. Borrowing from the commission’s suggestion , AG Jacobs points out it would be extremely difficult to even form a single regulated medicinal market within E.U. Second, competition doesn’t prevail from regulation at both national and union level.
Pharmaceutical companies must meet this standard when working out levels of efficacy and safety that can be achieved by an experimental drug. It is important in a clinical trial to have randomization to prevent the results from being skewed. If the
That without their service or product the consumer will have not lived as healthy of a life for those who use their product. TV and radio ads made by pharmaceutical companies are very controversial, in fact, only two countries in the whole world allow these businesses to advertise directly to the consumers because of the misinterpretations about the drug or disease that may gather from a complex topic. Only the United States and New Zealand let these companies interact directly with the public only countries instead force companies to pay off doctors into only selling their drugs and treatments. Both of these tactics have their issues and could be improved. In many cases, doctors do exactly that and push one brand of drug over another to their patients instead of thinking about their well being and what is best for the