Drugs Code Set to Get Tougher
By: Emma Connors
The pharmaceutical industry faces a ner...
Arts, 27.08.2021 01:50 dolliemeredithm
Drugs Code Set to Get Tougher
By: Emma Connors
The pharmaceutical industry faces a nervous wait as the competition regulator deliberates over proposed changes to the rules that govern the promotion of prescription drugs. The last review of the industry code of conduct resulted in major changes when the Australian Competition & Consumer Commission ruled innovative drug companies would have to publicly disclose the details of hospitality given to health professionals at educational events.
Companies found to have broken the rules at these events or in other promotions can be fined up to $200,000. Those fines are set to increase when the latest edition of the code takes effect in future. The draft code increases the maximum penalty for a breach of the code from $200,000 to $250,000 β a long way short of the maximum $1.1 million fine called for by the consumer organization Choice.
Choice argues the fines are not large enough to deter companies from irresponsible promotion because of the substantial revenue increases that can be gained if such promotion delivers the company even a small increase in market share. Medicines Australia, however, believes the other sanctions β including corrective letters to doctors and corrective advertising β that are imposed on companies that break the rules are often a better deterrent than fines.
Source: Excerpts from The Australian Financial Review, 4 August 2009, p.5, www. afr. com
a) Positive Accounting Theory models the political processes involving the relationship between the firm and other parties interested in the firm. How does the article demonstrate political processes? In your answer, explain what, if anything, firms in the pharmaceutical industry can do to manage political costs.
Answers: 3
Arts, 23.06.2019 23:00
Which type of listening style would be most appropriate for the following scenario? you're going on vacation to visit your older brother. he is telling you which freeways and streets to take to get to his house. informational critical empathic
Answers: 2
Arts, 24.06.2019 08:30
& hurry! i need this done by 3: 00 pm! changes in artists' art brought about by the inventions of automobiles and trains shows that society influences what? brainliest whoever gets it correct!
Answers: 1
Arts, 25.06.2019 02:30
Identify the cartoon type. jack created a cartoon of tim. in which he highlighted timβs long nose and lanky frame. jack has made a cartoon
Answers: 2
Arts, 25.06.2019 03:00
This example of early christian art contains christian symbolism that was unrecognizable by pagans. what is the title of this example of art? a.the rabbula gospelsb.sarcophagus of the church of santa maria antiquac.the sarcophagus of the good shepherdd.the baptism of the disciples
Answers: 2
History, 03.02.2021 08:30
Mathematics, 03.02.2021 08:30
History, 03.02.2021 08:30
English, 03.02.2021 08:30
Mathematics, 03.02.2021 08:30
English, 03.02.2021 08:30
Spanish, 03.02.2021 08:30
Mathematics, 03.02.2021 08:30
Mathematics, 03.02.2021 08:30
History, 03.02.2021 08:30
Chemistry, 03.02.2021 08:30
Mathematics, 03.02.2021 08:30