The topic of discussion for this week is about obligations in pharmaceutical companies.. Firstly obligations is defined as: The act of binding oneself by a social, legal, or moral tie. i personally feel that the basic obligation of a pharmaceutical company is to ensure the health and safety of their consumers. Products from companies that are in the pharmaceutical industry, such as Pfizer and GlaxoSmithKline need to meet certain standards before they are sold to the consumers. Detailed and stringent quality control checks are necessary to ensure that each and every pill that reaches the consumer is safe for consumption and meets its purpose.
Personally, i feel that there is one such company which follow such obligations. that is Abbot.
Abbot is a global, broad-based health care company that is devoted to discovering new medicines, new technologies and new ways to manage health. Their products span the continuum of care, from nutritional products and laboratory diagnostics through medical devices and pharmaceutical therapies. Their comprehensive line of products encircles life itself – addressing important health needs from infancy to the golden years.
It can be clearly seen that Abbot is having the customer's health care at 1st. The promise of the company is in the promise that their work holds for health and for life. i feel that this act is necessary as a pharmaceutical company is formed on the basis of creating health care products that would help save and improve people's lives.
A company cannot go on without money. Another obligation that i feel is important for a pharmacutical company is indeed money itself. Each and every company in the world needs money to sustain and go on. when a pharmaceutical company makes money, they will not only make money for the company and its investors. But also be able to invest in research to produce more cost effective and useful drugs which will help improve lives of their consumers.
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