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Pharmaceutical Business in Pakistan (Part 5) – Blog Post by Asrar Qureshi

Dear Colleagues!  Today is Pharma Veterans Blog Post #190. Pharma Veterans shares the wealth of knowledge and wisdom of Veterans for the benefit of entire Pharma Community. It aims to recognize and celebrate the Pharma Industry Professionals. Pharma Veterans Blog is published by Asrar Qureshi on WordPress, the top blog site. If you wish to share your stories, ideas and thoughts, please email to asrar@asrarqureshi.com for publishing your contributions here.

Dear Pharma Veterans. This series of Blogs is to share my learning about Pharma Business in Pakistan. It will be a series spread over several parts covering the entire spectrum of Pharma business.

Pharma Business – Marketing – ETHICS IN PROMOTION

Mr. Ejaz Ahmed, Director at Searle Company has raised the point of Ethics in Promotion. Thank you very much Ejaz sahib for the pointer. I dedicate part 5 to this important aspect.

Question of Ethical promotion was not raised until about twenty years ago. Things started changing, first insidiously and then more openly.

In retrospect, I see that one important contributing factor was relatively higher-priced drugs. For example, when Streptokinase was launched at 5000 rupees an injection, several segments woke up to the possibility of making some money somehow. In a well-known institute, even the guards expected to get a little money from the pharmacy for every vial brought by the patient. PPIs, Quinolone antibiotics and 3rd generation cephalosporin injections became hugely popular items for raising money. It is true that the drugs were given to patients who needed these, but one brand could be favored over the other for a favor received. I have no hesitation in saying that the trend of less-than-ethical promotion was started by the pharma industry. It was expanded and diversified by the leading, aggressive marketers in order to get higher, quicker growth and larger market share. Some things cannot be undone, and this is certainly one of them. Lately, the pharma industry has been crying foul about it and there are growing voices to stop this.

Ethics in promotion are based on age-old, fundamental principles.

  1. Give, full and accurate information about drug to doctors and patients
  2. Promote your product by showing your superiority but do not undermine the competition
  3. Influence prescription through knowledge and customer relations, not by offering gifts

This by and large covers all about Ethical Promotion. Everything else may be in grey area. It is the responsibility of marketers to stay on track.

IFPMA CODE OF PRACTICE 2019

International Federation of Pharmaceutical Manufacturers & Associations represents research-based biopharmaceutical companies, and regional and national associations across the world. IFPMA was founded in 1968 and is based in Geneva.

“IFPMA manages global initiatives, including: Developing World Health Partnerships, which studies and identifies trends for the research-based pharmaceutical industry’s long-term partnership programs to improve health in developing countries; and the IFPMA Clinical Trials Portal, which helps patients and health professionals learn about ongoing clinical trials and trial results. In addition, the IFPMA Code of Practice sets standards for ethical promotion of medicines”.1

Following are some highlights of the IFPMA Code of Practice 20192.

If you wish to see the whole document, please follow the link below.

References.

  1. https://en.wikipedia.org/wiki/International_Federation_of_Pharmaceutical_Manufacturers_%26_Associations
  2. https://www.ifpma.org/wp-content/uploads/2018/09/IFPMA_Code_of_Practice_2019.pdf

Continued…….

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