Glaxosmithkline Essay

820 words - 4 pages

Case Synopsis
GlaxoSmithKline (GSK), a major AIDS drug provider worldwide was suffering a crisis in its South African market segment. Major issues that needed addressed were as follows:
1) Protecting Patents under the TRIPS Agreement to recover Research & Development costs of their AIDS drug research
2) Addressing the social aspects of the South African nation after their post-apartheid oppression and the lack of willingness to adapt preventative methods to the HIV/AIDS virus
3) Issues of humanity existed. AIDS victims were waiting for reasonably priced generics while pharmaceutical companies attempted to reserve patent rights and compensate for Research and Development costs ...view middle of the document...

Some strategic options that could be employed by GSK in South Africa are:
• GSK could negotiate with South African Government to grant some subsidies for their products, to bring them to an affordable price within the reach of the people
• GSK could approach the World Trade Organization to intervene in the matter
• GSK could inform South African Government about the R&D cost of making the drugs and convince them that the effectiveness and quality of the drug could be significantly hampered by choosing a generic drug, thus restricting the generic drug suppliers
• GSK could offer their drugs at a lower price, such as the “Cut the Cost” campaign but even more reduced for underdeveloped countries
• GSK could continue investing in R&D on diseases that affect the developing world to counteract other severe diseases these countries suffer from such as Malaria and TB

Some would argue that the South African people were uneducated about HIV/AIDS and that their culture was a driver for their current state of emergency. Some strategic options that could be employed by the South African Government to reduce the spread of the disease and increase awareness are:

• South Africa could develop programs to teach the African people about how the disease is spread and how to prevent the disease in future generations
• The government could offer testing and treatment facilities to identify those that are infected with the virus
• South Africa...

Other Essays Like Glaxosmithkline

Cluster Headache Syndrome Market Growth and Segments, 2016-2026

720 words - 3 pages also the increase in prevalence of cluster headache syndrome in geriatric population. Browse All Syndicated Market Research Reports@ http://www.futuremarketinsights.com/reports Cluster Headache Syndrome Market: Key Players Some of the key players contributing to the global cluster headache syndrome market include AstraZeneca plc, Autonomic Technologies, Inc., ElectroCore Medical LLC, GlaxoSmithKline plc, Winston Pharmaceuticals, Inc. among several others.

Anti-Obesity Drugs Market - Pmr Market Insight Report 2016 to 2022

854 words - 4 pages Key players in the global anti-obesity market are Arena Pharmaceuticals, BristolMyers Squibb, Alizyme, Boehringer Ingelheim GmbH, Eisai Company, Ltd., F. Persistence Market Research 3 Anti-Obesity Drugs Market - PMR Market Insight Report 2016 to 2022 Hoffmann-La Roche, GlaxoSmithKline plc, Bayer AG, Inc., Novo Nordisk, and Norgine Pharmaceuticals Ltd. Additionally, some other company includes Orexigen Therapeutics, Pfizer, Inc., Takeda

Shareholder Wealth Creation

5940 words - 24 pages through a long-term accumulation and M&A. Industry rivalry-HIGH Through the long-term development, there are lots of powerful and competitive pharmaceutical companies in the market, such as Bayer, Pfizer, GlaxoSmithKline and etc. Among the fierce competitions, the small weak companies usually went to bankruptcy if they did not have “blockbuster” in pipeline. Other promising small companies who have valuable assets and findings will be purchased

Dhjbxfuuuuuuu H

2234 words - 9 pages implementation of change. Research done at the University of Bath has helped organizational members of the CMC internally to improve employee trust and to build commitment to change. The CMC provides member organizations (including: Aviva, Ernst & Young, GKN, GlaxoSmithKline, Kraft Foods, the Ministry of Defence and T-Mobile) with opportunities to utilise highly relevant research findings in order to create cross-organizational dialogues on improving

Hw1 from Investment

1266 words - 6 pages ): 63,785,418 shares • Coca Cola (KO): 200,000,000 shares • Comcast Corp (CMCSA): 12,000,000 shares • Comdisco Holding Co. (CDCO): 1,538,377 shares • Costco Wholesale Corp. (COST): 5,254,000 shares • Gannett Inc. (GCI): 3,447,600 shares • General Electric Co. (GE): 7,777,900 shares • GlaxoSmithKline (GSK): 1,510,500 shares • Ingersoll-Rand Co. Ltd. (IR): 636,600 shares • Iron Mountain Inc. (IRM

Peritoneal Cancer Market: Global Industry Analysis and Forecast 2016 - 2022

1073 words - 5 pages its large geriatric population base and high prevalence. Asia-Pacific holds the third position in the global peritoneal treatment market due to lack of sufficient healthcare facilities in these regions. Request TOC (table of content), Figures http://www.persistencemarketresearch.com/toc/9917 and Tables of the Report: Key companies operational in peritoneal cancer market are AstraZeneca plc, GlaxoSmithKline plc, Oxford

Intangiable Assets

1361 words - 6 pages |Japan |3.8 | |11 |GlaxoSmithKline |UK |2.8 | Source: R & D Scoreboard, DTI, October 2005 Activities that are neither research nor development The UK accounting standard SSAP 13 says that there are activities that are related to research and to development but which

Practices and Ethics

1177 words - 5 pages Practices and Ethics In 2012 GlaxoSmithKline (GSK) paid $300 million in fines for incorrect pricing (The United States Department of Justice, 2012). Five executives of National Century Financial Enterprises were convicted of conspiracy to commit securities and wire fraud (New York Times, 2008). These companies are just two examples of financial fraud and lack of financial ethics in health care organizations. These two stories reinforce the

Reporting Practices and Ethics Paper

1167 words - 5 pages unethical and illegal law suits; GlaxoSmithKline, Abbott Laboratories and Johnson and Johnson have all been part of some sort of bribery scheme. (Carlson, 2012) Whither providing medical services or distributing or supplying medical supplies or pharmaceuticals all organizations should be held accountable for how they decide to conduct business. There are laws in place for a reason and each organizations should be made to follow them

Gambling With Genital Herpes

1576 words - 7 pages herpes drug, costs as little as $9.96 for a months supply, Glaxo’s Valtrex costs $192.88 (Brown 3).” GlaxoSmithKline is a drug maker, who currently makes one of the three drugs for treatment towards genital herpes. Valtrex is the name of Glaxo’s drug for the treatment of genital herpes. The anti-herpes drug Valtrex is the most popular commercialized treatment for genital herpes. “A study several years ago showed that a daily dose of Glaxo’s drug

Pfizer's Financials

1580 words - 7 pages inventory (Pfizer, 2010). However, in 2011, the company was able to better control its inventory and cost of goods in order to increase gross profit margin to 77.75%. Still, the company showed a better results compering to the industry 73.99% (calculated as the average of the five biggest companies: Pfizer, Merck, Johnson & Johnson, AstraZeneca, and GlaxoSmithKline). Profit Margin In 2011 Pfizer profit margin was 16.91% which is in line with its

Related Papers

Legal And Ethical Issues Essay

842 words - 4 pages Legal and Ethical Issues (GlaxoSmithKline in $3 billion fraud settlement) In cases like the GlaxoSmithKline fraud settlement there are legal and ethical issues affected. Ethically it was wrong for GlaxoSmithKline to put profit before the health of the public. Ethical issues do not have to be proven in court. Most individuals know and understand ethics as a basic human guideline for behavior. With thing legal issues it is a bit more difficult

Crisis Management Report

3545 words - 15 pages Crisis Management of GlaxoSmithKline PLC’s China Bribery Case Introduction: GlaxoSmithKline PLC (GSK) found itself caught in the crosshairs, when the Chinese government began a high-profile probe into explosive allegations of bribery of doing out kickbacks to government officials, pharmaceutical industry associations and foundations, hospitals and doctors worth more than three million pounds. They reported that some of the techniques used

Legal And Ethical Considerations In Marketing, Product Safety, And Intellectual Property

2230 words - 9 pages double the risk of heart failure after one year of treatment. During clinical trials, more people died as a result of a cardiovascular event taking Avandia than those taking a placebo, studies show. Despite these findings, Avandia’s black-box warning label did not mention an increased risk of cardiovascular death until the FDA warned about the risks in 2007. A two-year investigation by the U.S. Senate Finance Committee revealed GlaxoSmithKline knew

Pharmaceutical Industry In India Essay

1021 words - 5 pages likely to reach US$ 20 billion by 2015 * The Commerce Minister estimates that US$ 6.31 billion will be invested in the domestic pharmaceutical sector * Public spending on healthcare is likely to reach 13 per cent of GDP by 2015 * Dr Reddy's Laboratories has tied up with GlaxoSmithKline to develop and market generics in overseas markets * Lupin, a Mumbai based pharmaceutical company is looking at opportunities of about US$ 200 million in the US oral contraceptives market * Due to the low cost of R&D, the Indian pharmaceutical off-shoring industry is designated to turn out to be a US$ 2.5 billion opportunity by 2012