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Pharmaceutical Industry

 

Jump to: About the Pharmaceutical Industry

 

Companies at the top are the best, at the bottom the worst.

company
overall
ranking
environ-
ment
human
rights
labor
ethics &
governance
health &
safety
1

C

n/i

B+

n/i

n/i

2

C

C-

B+

C

C-

3

D

C+

B+

C-

n/i

4

C

C+

n/i

F

n/i

4

n/i

C-

n/i

F

C-

4

n/i

n/i

D

F

D

Notes: Rankings proceed from top to bottom with companies at the top as more responsible within the industry and those at the bottom as the less responsible. Letter grades go in this order: A (best),B,C,D,F(worst) with plus (+) and minus (-). "n/i" means we don't have enough information to give a letter grade for that category. The color coding is another corporate responsibility indicator, in the order Green (best), Yellow, Orange, Red (worst). Companies in the green zone are sustainable and working towards creating a greener planet (most industries will not have companioes in the green zone as there are no companies that can be considered sustainable in that industry). Companies red zone have poor environmental and social responsibility records and should be avoided if possible. 'Orange' companies are not quite as bad as 'red' and ' yellow' zone are slightly better than orange. Orange and yellow companies have a ways to go before they can be considered green.

 

Fast facts about the pharmaceutical industry:

  • Pharmaceutical companies have repeatedly been accused of falsifying data or concealing negative trial results in order to speed up speed up approval of their drugs and maintain high profit. Examples include: GlaxoSmithKline burying data from a Paxil trial that showed the potential for serious side effects in children; and Merck being aware of the potentially fatal side effects of Vioxx five years before it was pulled from the shelves.
  • Brand-name pharmaceutical giants are notorious for fighting against the generic manufacture of their prescription medications.  The companies seek to protect their high profits by using lawsuits and loopholes to keep cheaper versions of their drugs off the market.
  • GlaxoSmithKline and Pfizer have come under fire for testing experimental drugs on children in developing countries.  Critics say that the families were not properly informed about the tests and possible side effects.  In countries like Argentina and Nigeria, experimental medications have caused hundreds of deaths and cases of severe neurological injuries.
  • Major pharmaceutical companies have been criticized for outsourcing out their clinical trials to private contractors in India.  While proponents of the practice point out that India offers a large and diverse sampling pool, the fact remains that the final medications will be too expensive for the vast majority of the population.
  • Visit Go Green to find safe and sustainable products that don’t harm people or the planet.
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