The Pros And Cons Of The Pharmaceutical Industry

Register to read the introduction… The most important benefit of pharmaceutical drugs is the fact that it helps enhance one’s health. There have been great health outcomes from using the drugs. According to the U.S. Bureau of Labor Statistics (2012), the pharmaceutical industry has helped to develop and produce products that help treat a variety of diseases in which saving millions of lives and helping people suffering from diseases and illnesses to recover and lead more productive lives. In order to get these drugs to be sold to consumers so they can enhance their health, the pharmaceutical companies have to use proper sales practices. A sales representative is the key when it comes to selling drugs to consumers. The primary responsibility of pharmaceutical sales representatives is to use ethical promotion when it comes to the selling of a particular product. Representatives have to ensure that healthcare professionals are fully aware of the benefits and side effects of each drug and give the professionals the accurate information to help assist them when it comes to prescribing medications to patients. Another term that can be used for this is corporate social responsibility; which is the idea that corporations can and should act ethically and be accountable to society for their …show more content…
The tax benefits to the United States are substantial as well. Pfizer alone posted $44 billion worth of revenue in 2008, according to Contract Pharma. The economic climate impacts the pharmaceutical industry, but profitable companies result in more taxable revenue for the U.S. People may criticize this amount of profit from one company, but consider this: The underlying goal of every single business is to make money. People single out pharmaceutical companies for making profits, but it's important to remember that they also create products that save millions of lives.” …show more content…
Proper promotion and success of certain drugs can increase revenue which can allow the growth of more job opportunities with better wages. The industry can also help maintain and improve a person’s health. But on the contrary, the pharmaceutical industry can bring forth a lot of scandal, fraud and greediness, only worried about making profit and nt caring enough for consumers.

References * Capali, Nicholas. (2003). Corporate Social Responsibility and Business Ethics in the Pharmaceutical Industry. Retrieved on September 9, 2012 from http://www.bmpllp.com/files/CorporateSocialResponsibility.pdf. * Christ, Scott. (2012). The Benefits of the Pharmaceutical Industry. eHow.com. Retrieved on September 9, 2012 from http://www.ehow.com/list_6710523_benefits-pharmaceutical-industry.html#ixzz25zEYzmj7. * Lapon, Gary. (September 16, 2009). Wall Street Swine and the Vaccine Scandal. SocialistWorker.org. Retrieved on September 9, 2012 from