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Pfizer And Developing Country Access For Essential Medicines

Decent Essays

Part A:
GlaxoSmithKline and developing country access to essential medicines
The case study emphasized the spread of the HIV/AID 's virus especially in the Least developed countries (LDC 's) where it was not possible for the poor people to be able to afford the expensive drugs used to cure the disease. The pharmaceutical companies were consistently pressurized to take a solution out of this to provide the medicines to the victims. Survey reports indicated that many deaths were happening and many were expected especially in the south Africa where the standards of living and earnings of people were very insufficient to afford the life saving drugs.
Critics commented that it was a social responsibility of the industry to help ensure …show more content…

The chief executive team believed that GSK 's approach to access of drugs to needy people could have significant strategic, commercial, operational and reputational impact.
CEO of GSK showed willingness to reduce prices in LDC 's to a non-profit level and GSK announced significant reduction in prices of HIV/AIDS drugs in LDC 's, trying to take a step ahead to fulfill its social and ethical responsibilities despite the fact that such reduction might lead to pressures from developed countries as well to reduce prices threatening its business model and innovations.
GSK 's approach was indicative of a corporate social responsible citizen rather merely an organization with a profit motive.

Blood diamonds
Issue identified in the text was about the smuggling of diamonds to earn money that was used to fund the armed groups often against the government. These diamonods were termed as 'blood diamonds '. In many parts of the world, diamonds were sold for illegal purposes and were a source of income for the armed groups. Strict actions were necessary to be taken against these illegal acts to secure the lives of people becoming victims of conflict and civil unrest.
Diamonds are suitable for smuggling due to their small size, high value and once polished, their origin is difficult to establish. The diamond

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