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Created by : Jyoti CHETANI, Freelancer, Equity Research/Analytics  | 06 12 2010 04:23:20 +0000
Industry : PharmaceuticalsFunctional Area : Business Processes(Operations)
Activity:  272 views;  last activity : 02 01 2011 11:54:55 +0000
 
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I think, Pharma companies are not meant for the peoples and country health systems. But the main motto is to build profit. Even i found they bribe the doctors and physician to market or prescribe the medicines to the patient.
By Jyoti CHETANI, Freelancer, Equity Research/Analytics  06 12 2010 04:23:20 +0000
 
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Motto is to make money, more money, more more money,..

It's not only with Pahrma, every industry is keen only in planning to make more and more money. eg., Health care, hospitals!! Have we not come across so many times that the patients are subjected to undergo all scans and test irrespective of the ailments. Have we not come across hospitals fleecing the patients (those who are covered under Mediclaim), by delaying their discharge under the pretext of observations, only to increase the billing value to extract the complete insurance cover in single incident.

As long as we don't have strong governance and systems in place we continue to have this type of over priced services and products for no fault of citizens.


By Chandrasekar Puvvada, Owner, evOlve business consulting  | 06 14 2010 10:43:23 +0000
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I am in total agreement with Jyoti on the matter. There are two aspectsof it. The first one is earn huge profit which I think goes beyond 1000% in Life Saving Drugs.

The second aspect is wholesalers who earn huge profit and the patient has to pay through their nose.

According to me Central Govrnment should step in and fix the MRP of all drugs. Once it is being done the so called phoren companies will go away and Indian Companies will prosper.


By Rathin Deb, Freelance Retail Consultant  | 06 14 2010 07:19:39 +0000
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i agree with jyoti...


By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 06 12 2010 14:14:03 +0000
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Yes they are profit minded, should also care of the public !!!! 

 


By Swetha , Sub Editor/Reporter, Zoom Tv  | 06 12 2010 08:36:08 +0000
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Definitely, they look for Business and profit.

Now a days most of the doctors and pharmacist are became the best businessmen in the globe. they are habituated seeing the dead bodies and pains and now they wont feel or suffer. just they look around MONEY


By Mohammed Abdul Bari, Network Support Engineer@ETISALAT, Dubai  | 06 12 2010 05:45:05 +0000
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There are lot of CSR activities done by various pharmaceutical companies.And providing life saving medicine at affordable prices is not only the responsibility of pharma companies but also INDIAN GOVT should take some actions.However, prices are judged by regulatory bodies not by pharma companies.
By sandeep vashistha, MBA/PGDM student, institute of health management research  | 02 01 2011 11:54:54 +0000
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There might be few cases, but still i found prices of drugs in INDIA is way way cheaper if compare to other places in the world. Yet, they can come down to an extent where every one can make use of it or there should be some regulatory authroity either to curb the rate or subsidies them for the needy.
By Zubair Irshad, Business Associate, Captain International General Trading  | 06 14 2010 10:06:35 +0000
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