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Table of contents 1Introduction 2Pharmaceutical sector in general main arguments put forward by the companies and counter-arguments 3GlaxoSmithKleins CSR claims and counter-evidence iMedicines for the developing world iiBusiness ethics and integrity iiiEnvironment health and safety ivResearch and development 4Concluding remarks 5References 6Appendices 1Introduction The global pharmaceutical industry has long been considered one of the most profitable industries and historically it has proven itself to be a low risk stable investment sector However the perception of pharmaceuticals as a safe bet is changing as investor concern mounts over a number of recent negative publicity cases A number of issues are undermining the industry as a whole giving rise to the importance of looking at individual companies corporate social responsibility CSR performance Some of these issues include access to essential medicines by the developing world countries fair pricing of existing drugs ethical conduct of clinical trials and marketing investment in research and development of medicines to cure diseases which generally affect poorer regions of the world Although in some respect I agree with the corporate view that the ultimate responsibility for addressing social issues lies within governments I also think that there is much to be done by the private sector as well But in order to come to any kind of conclusions on how the above concerns can be addressed we as public at least need to have some knowledge of the subject matter and that is the reason why I have chosen the topic of my essay 2Pharmaceutical sector in general main arguments put forward by the companies and counter-arguments Before considering a specific example I would like to give you some interesting general information about why the arguments made by pharmaceutical companies in their defence dont stack up The
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