Research the Pharmaceutical Industry this project needs to address the following

Question

Research the Pharmaceutical Industry this project needs to address the following elements in the order listed:

1- History 2- Corporate stakeholders and response to their issues 3-The role of the industry in its social, economic, and political setting 4-Domestic and international ethics 5- Ecological and natural resources 6- Social issues 7-Your rating of the industry’s overall social responsiveness and its accomplishments in this area. 8-Your rating of the industry in relation to the Saint Leo University core values, as well as the changes that should be made to be more in line with the core values. The research paper should be double-spaced and 2000- words in length.

Explanation / Answer

Cipla ltd

History- It is an Indian pharmaceutical and biotechnology company with a multinational presence, and one of the world's largest manufacturers of generic pharmaceutical formulations. It was founded in 1935 by Dr. Khwaja Abdul Hamiedas as The Chemical, Industrial & Pharmaceutical Laboratories. It has its headquarters in Mumbai, Maharashtra, and offices in Belgium, UK, and the United States. Its current chairman is Dr. Yusuf K. Hamied.

Cipla has 34 manufacturing facilities in India that are cGMP compliant and conform to national and major international standards. Its formulations are sold in 170+ countries including the United States, Canada, Europe, Africa, Australasia, Latin America and Middle East.

Cipla's portfolio includes 2000+ products across multiple therapeutic categories, including treatment for acute, chronic and rare conditions. The company makes affordable medicines and has played a pioneering role in HIV/AIDS treatment. It is among the leading manufacturers of ARV (anti-retroviral) drugs in the world, and was the world's first pharmaceutical company (in 2001) to supply ARVs to countries at less than a dollar a day. In the financial year 2014-15 (according to company sources), its ARV formulations were used by more than 2 million HIV patients in 100 countries.

Corporate stakeholders- the major stakeholders identified by the company are its employees, contract workers, customers, distributors, stockists, doctors, patients, healthcare providers, shareholders/investors, local communities, business partners, contractors/vendors, government bodies etc.

Role- The corporate responsibility vision of Cipla is to achieve the distinction of being acknowledged as an admirable and trusted Company. Sustainable development and creating value for the stakeholders are two missions that will drive the company to realize its corporate responsibility vision which will be built on four strategic pillars of the corporate responsibility framework – ‘safe & quality products at affordable cost’, ‘valuing our people’, ‘helping the environment & sustainability’ and ‘empowering our communities’.

Cipla has established a Corporate CSR/Sustainability Office to support the CSR Committee and drive the execution process. The main tasks of the office are:

1. Trend analysis.

2. Development of strategy, policy and action program development.

3. Development of operational guidelines and oversee whole gamut of the plan implementation.

4. Monitoring and reporting, including publishing the annual sustainability performance results.

5. Functional leadership of the sustainability network in sectors, functions and cluster/countries.

Ethics- Cipla has always believed in upholding professional integrity and ethical behavior in the conduct of its business. Cipla has a Code of Conduct that reflects its belief and serves as a reference framework of conduct expected from everyone in Cipla.

To uphold and promote these standards, Cipla has formulated this Vigil Policy which serves as a mechanism for its directors and employees to report genuine concerns about unethical behavior, actual or suspected fraud or violation of the Code of Conduct without fear of reprisal, and hence to help ensure Cipla continues to uphold its high standards.

This Vigil Policy provides a secure framework to all the directors and employees of Cipla to report genuine concerns about unethical behavior, actual or suspected fraud or violation of the Code of Conduct by providing for adequate safeguards against victimization of the person making such report. This Vigil Policy also provides for direct access to the Chairman of the Audit Committee in appropriate and exceptional cases.

Ecological- Environmental sustainability, ecological balance and conservation of natural resources is the main aim of the company.

Social issues- The major purpose of #save your lung sdilli by ‘breathe free’ is to make people understand the trigger factors and provide them specialized diagnosis treatment.”

Breathe free is a public service initiative from Cipla which with the support of health professionals aims to reach out to millions suffering from asthma and their families. Breathe free aims to help asthmatics lead fulfilling lives and make them believe that asthma is a disease that can be controlled.

Rating- overall 7

Cipla is Ranked 3 in the series of top 10 pharma companies in india.

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.