UNILAB - CSR

2729 Words Mar 23rd, 2014 11 Pages
Corporate Social Responsibility (CSR) – UNITED LABORATORIES

United Laboratories is the largest pharmaceutical company in the Philippines. Established in 1945, it enjoys a dominant market share (around 20 percent) compared to other pharmaceutical companies operating in the Philippines. It also has a significant presence in neighboring countries such as China, Hong Kong, Singapore, Malaysia, and many others. From its early days its core mission has been to provide a wide range of high quality products at affordable prices – a doctrine virtually unchanged to this day.
Having gained so much success Unilab has time and again given back to the community through its CSR advocacies and activities. A number of them are briefly itemized and
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2. Is the company making a real difference to society? How? If not, how can it make a difference?

Yes, Unilab is making a difference to the society due to its commitment to a more meaningful and holistic corporate social responsibility. It makes an effort to achieve balance between the profits and its service to the people, which is its social responsibility to improve the health of many people as possible.

It has several activities related to its Corporate Social Responsibility:

1.) Affordable Medicines
In 2000, it launched the Afford-a-Med. This is a price-reduction program that lowered the prices of common drugs by 10-14 percent. It was able to cover about 65 essential drugs commonly prescribed by doctors. In 2002, it launched a new division, RiteMed, which aims to deliver “right medicine, priced right.” RiteMed manufactures and markets off-patent pharmaceuticals that are priced 20-80 precent lower than the branded ones.
In this way, patients especially the poor who have very low income could buy their medicine at an affordable price. Such huge price differences could really help to reach all patients in the Philippines. This will save million of Filipinos lives and reduce the use of less-effective medicine in the public which disease/illness is becoming increasingly resistant. h 2.) Community Programs
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