This website uses cookies to ensure you have the best experience. Learn more

Corruption In The Pharmaceutical Industry Essay

1590 words - 6 pages

One thing is guaranteed to happen; people will always get sick. Diseases and bacteria are always changing and the human body’s immune system isn’t always prepared to fight it off. The pharmaceutical industry knows this, and that’s why they are a multi-billion dollar industry. Today, you will see a pill that will virtually cure every kind of “disease” out there whether it’s physical, emotional, or neurological. What is a “disease”? Supposedly if you have constant headaches, you have a disease. If you’re overweight, you have a disease. If you have trouble concentrating, you have a disease. Any little problem that you can think of, there most likely will be a pill out there that will “cure” that problem. First, your body is the only thing that can cure a disease. Second, everyone experiences these little problems and there are simple solutions that can “cure” these problems without the expensive pills that can cause harmful side effects. Why isn’t this information being told to us? Because of money. Notice that in all commercial breaks there is a commercial advertising some kind of pill for a certain kind of problem. They make so much money that the drug companies can employ thousands of lobbyists to bribe, lie, and payout almost anyone they need to to get them to advertise their product. Even politicians benefit from the pharmaceutical companies, and if politicians have their back, then how can they be expected to be stopped? Modern medicine has no doubt done wonders for many people to get better from illnesses, but this industry is getting way out of hand.
Doctors can prescribe drugs that can be as addicting as street drugs. When a patient is at the hospital, doctors will prescribe many drugs to help the patient get better, like the drug Oxycodone. Oxycodone is one of hundreds of drugs used as a pain reliever that treats moderate to severe pain. Oxycodone is a semi-synthetic opiate, which derives from opium. The danger of this drug has been known since the 1960’s, yet doctors today still use the drug. The problem with Oxycodone is it only worked for about 2-3 hours at a time. In 1995, the Food and Drug Administration approved the drug Oxycontin. Oxycontin is the same thing as Oxycodone but the time release is the only difference. The manufactures made it were the drug can last about 12 hours long. Our government knew of the dangers of Oxycodone but yet still approved Oxycontin with very little concern. In 1996, police personnel, pharmacists, and drug rehabilitation centers noticed a huge problem with the new drug. They noticed more and more people started to get addicted to it. The drug was such a sensation that the manufacture made over a billion dollars the first year it was released. Now the drug is so popular in the hospitals and in on the streets. Millions of dollars is being off of this drug. The manufacture knew about the harmful side effects which include: Increase pressure of the brain and spinal fluid, headaches, nausea, seizures,...

Find Another Essay On Corruption in the Pharmaceutical Industry

The Indian Pharmaceutical Industry Essay

1976 words - 8 pages Introduction The Indian Pharmaceutical Industry is in the front rank of India’s science based industries. It is a highly organized sector. The Industry is estimated to be of worth $ 4.5 billion, with growth of about 8 to 9% annually. It ranks very high in terms of technology, quality and range of manufactured medicines. From simple headache pills to heavy antibiotics and complex cardiac compounds, almost each and every type of medicine is now

The Power and Benefits of Monopolies in the Pharmaceutical Industry

2367 words - 9 pages Due to patents, Pfizer and other companies in the pharmaceutical industry are not always competing in a monopolist’s competition. When a business has a patent they are the only manufacturer who can produce the product until the product expires, so it is clear that the firm can act as a monopoly while in control of the patent. As a monopolistic company, the company has market power, giving it the capability to adjust the market price of a good

Rogers’ Adoption Theory in Automotive Sales the Pharmaceutical Industry

604 words - 3 pages Introduction The Purpose of the study The purpose of this study is to determine whether the use of sales force automation technology in the pharmaceutical industry and the automotive sales industry is based on Rogers’ Adoption Theory. Also, the purpose of this study is to explore whether the use of this technology by innovators is due to perceived usefulness and ease of use, or whether something else is responsible for motivating

IT Project in the Health Industry for ZAP Pharmaceutical

1528 words - 6 pages Introduction: ZAP Pharmaceutical We are managing a large IT project in the healthcare industry for ZAP. Our project consist of the following task: refurbish the existing office building; install the IT infrastructure, and outfit the area for our new telephone answering hub. The project is in the execution phase, with three quarters of the work finish - refurbishing and installation of the infrastructure currently being done in concert with

A Heavy Dosage: The Pharmaceutical Industry

2031 words - 8 pages the pharmaceutical industry. Luckily, the problems are correctable. If the testing of prescription drugs is more rigorous and in-depth, better prescription drugs will reach the market and the ones with devastating effects can be filtered out. If the clinical testing was done by non-profit organizations and the FDA more closely monitored the process, the corruption could be ended, ensuring that only safe drugs are approved. Some government

Merck and Vioxx, the implications of new product development in the pharmaceutical industry

2228 words - 9 pages In the recent years, speed - to - market and accelerated product development methods have come under scrutiny in pharmaceutical industry. Research agrees that accelerated product development may be crucial for pharmaceutical corporations to cut costs, provide first-to-market competitive advantages, and secure patent protection (Yeoh, 1994). However, when such method were not employed under moderation, the time pressures can cause the development

Business Ethics Paper with titled "Monitoring Business Ethics in the US Pharmaceutical Industry". Essay analyzes industry using utilitarian theory

695 words - 3 pages prices pharmaceutical companies have been able to charge in the U.S. 16 What is not being disclosed is that "prescription drugs bought by Americans increasingly are produced in foreign countries... [and] seventeen of the 20 largest drug companies worldwide now make drugs in Ireland, largely because of tax incentives" (Barlett & Steele, 2004, p. 44).Supporters in favor of regulating pharmaceutical industry look at the situation from Act Utilitarian

Corporate governance and firm performance in Pharmaceutical industry of Pakistan

3362 words - 13 pages on Pharmaceutical industry of Pakistan, on companies that are registered in KSE (Karachi Stock Exchange) and the data will be taken from the annual reports of each company from year 2008-2012.KSE (Karachi Stock Exchange) showed 8 pharmaceutical companies that are registered as of 2014. All these will be selected for the present study. For purpose of empirical analysis we will use descriptive analysis, correlation and regression

Drugs: The Blood Diamonds of the Pharmaceutical Industry

1508 words - 6 pages allows for the development of new drugs without the taint of exploitation. In order to understand the injustices associated with clinical trials overseas, one must first understand what attracted pharmaceutical companies to developing countries. The globalization of clinical trials is a result of two motivating factors, a larger participant group, and cost effectiveness. Causes of Globalization In the past most clinical trials by American

Protein Crystallography in the Pharmaceutical Chemistry Field

1007 words - 5 pages Protein crystallography has become a mainstream analytical method in assisting the pharmaceutical chemistry field. Specific work on proteases which are instrumental in lead compound discovery have blossomed over the passed two decades as the need for Co-crystallization of target proteins with small molecules is seeing a drastic increase now that their uses in drug design have become fully apparent. Work on phosphorous cleaving and donating

Exposing the Corruption in India

1609 words - 7 pages Corruption is something we never really want to hear about, but is a very serious matter to contend. The idea that one person would extort or hold power over another human being isn’t a highly talked about subject. However, in India there is a problem with corruption, which has run out of control. People subject to poverty in India and considered poor by other nations’ standards are taken for what little cash they have or property they own by

Similar Essays

Corruption Of The Pharmaceutical Industry In America

2914 words - 12 pages literature, which endorsed the prescription of a toxic drug for uses not approved by the FDA (Payer 66). In these cases, the corruption that exists in the pharmaceutical industry further influences doctors. Since American citizens depend such a great deal on their doctors to give them unbiased information, the pharmaceutical industry further deceives the public by participating in such bribery. The number of "experts" (including physicians

Marketing In The Pharmaceutical Industry Essay

2035 words - 8 pages Pharmaceutical Sales and Physicians. Journal of Business Ethics. 48, 279-290. Lidstone, J. MacLennan, J.. (1999), Marketing Planning for the Pharmaceutical Industry, England: Gower Publishing. Anon, (February 26, 2013) Top 10 Pharma Advertising Budgets - 2012,, 10/12/2013 Summerfield, (September 2013) Bribery And Corruption In The Pharmaceutical Sector Financierworldwide,, 28/11/2013

Pharmaceutical Industry In The United Kingdom

1016 words - 5 pages INTRODUCTION Pharmaceutical industry in the United Kingdom The pharmaceutical industry in the United Kingdom directly employs around 72,000 people and in 2010 contributed £8.4 billion to the UK's GDP and invested a total of £3.9 billion in research and development. In 2007 exports of pharmaceutical products from the UK totalled £14.6 billion, creating a trade surplus in pharmaceutical products of £4.3 billion. The UK is home to GlaxoSmithKline

The Pharmaceutical Industry Essay

2339 words - 10 pages Americans are bombarded with advertisements by the pharmaceutical industry with pharmacies on busy street corners, television commercials, magazine ads, as well as advertisements flashing across the computer screen while surfing the internet. They are all declaring the latest breakthroughs that medicine has to offer. In 2004, it was reported the prescription drug industry spent $57.5 billion in advertising