Artikel
Corporate Social Responsibility (CSR) of Innovative Pharmaceutical Corporations. The Case of BIOGEN
The aim of this paper is to discuss the common features and specificity of Corporate Social Responsibility (CSR) practices of innovative transnational corporations (TNCs) acting in the pharmaceutical industry. The innovativeness of pharmaceutical firms is understood here as their ability to make a breakthrough in the treatment of rare, incurable diseases. The examination of the issue leads to the conclusion that the specificity of CSR in this industry is related to the contradiction between the economic and social/ethical aspects of innovation processes in this field. A key issue of CSR in the innovative pharmaceutical industry seems to be the pricing of drugs, especially orphan and ultra-orphan drugs, resulting in patients from less developed countries having limited access to life-saving medicines or those that improve the quality of life. Corporations use their monopolistic position to set extremely high prices. However, without the market/marketing exclusivity offered to pharmaceutical firms by the law, orphan drugs would probably not be developed, produced and commercialized. Traditional CSR practices (corporate philanthropy, community and neighborhood programs, volunteerism etc.) cannot be treated as sufficient "compensation" for the high prices of medicines. Real, true CSR in the innovative pharmaceutical industry requires either abandoning or reducing extreme monopolistic privileges and offering medicines for rare diseases at lower prices.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Comparative Economic Research. Central and Eastern Europe ; ISSN: 2082-6737 ; Volume: 21 ; Year: 2018 ; Issue: 3 ; Pages: 45-62 ; Warsaw: De Gruyter
- Classification
-
Wirtschaft
Corporate Culture; Diversity; Social Responsibility
Chemicals; Rubber; Drugs; Biotechnology; Plastics
- Subject
-
Corporate Social Responsibility (CSR)
innovative pharmaceutical corporations
orphan drugs
access to drugs
BIOGEN
- Event
-
Geistige Schöpfung
- (who)
-
Witkowska, Janina
- Event
-
Veröffentlichung
- (who)
-
De Gruyter
- (where)
-
Warsaw
- (when)
-
2018
- DOI
-
doi:10.2478/cer-2018-0018
- Handle
- Last update
- 10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Witkowska, Janina
- De Gruyter
Time of origin
- 2018
Other Objects (12)
CSR: Corporate Social Responsibility
Was ist Corporate social responsibility (CSR)?
Corporate Social Responsibility (CSR) und Entwicklungszusammenarbeit
CSR 2.0 : transforming corporate sustainability and responsibility
International understanding of corporate social responsibility (CSR)
Deutsche CSR : Corporate social responsibility (CSR) und Nachhaltigkeit ; Jahresband 2010
Deutsche CSR : Corporate social responsibility (CSR) und Nachhaltigkeit ; Jahresband 2011
Corporate Social Responsibility (CSR) : Leitfaden zum Aufbau eines CSR-Managementsystems
Corporate Social Responsibility (CSR), Stakeholder Management und Netzwerkgovernance
International instruments for promoting corporate social responsibility (CSR)
Corporate Social Responsibility (CSR) und Mitbestimmung: Fünf Unternehmensbeispiele
Corporate Social Responsibility (CSR) und Netzwerkgovernance: Eine Projektskizze
CSR: Corporate Social Responsibility
Was ist Corporate social responsibility (CSR)?
Corporate Social Responsibility (CSR) und Entwicklungszusammenarbeit
CSR 2.0 : transforming corporate sustainability and responsibility
International understanding of corporate social responsibility (CSR)
Deutsche CSR : Corporate social responsibility (CSR) und Nachhaltigkeit ; Jahresband 2010
Deutsche CSR : Corporate social responsibility (CSR) und Nachhaltigkeit ; Jahresband 2011
Corporate Social Responsibility (CSR) : Leitfaden zum Aufbau eines CSR-Managementsystems
Corporate Social Responsibility (CSR), Stakeholder Management und Netzwerkgovernance
International instruments for promoting corporate social responsibility (CSR)
Corporate Social Responsibility (CSR) und Mitbestimmung: Fünf Unternehmensbeispiele
Corporate Social Responsibility (CSR) und Netzwerkgovernance: Eine Projektskizze
CSR: Corporate Social Responsibility
Was ist Corporate social responsibility (CSR)?
Corporate Social Responsibility (CSR) und Entwicklungszusammenarbeit
CSR 2.0 : transforming corporate sustainability and responsibility
International understanding of corporate social responsibility (CSR)
Deutsche CSR : Corporate social responsibility (CSR) und Nachhaltigkeit ; Jahresband 2010
Deutsche CSR : Corporate social responsibility (CSR) und Nachhaltigkeit ; Jahresband 2011
Corporate Social Responsibility (CSR) : Leitfaden zum Aufbau eines CSR-Managementsystems
Corporate Social Responsibility (CSR), Stakeholder Management und Netzwerkgovernance
International instruments for promoting corporate social responsibility (CSR)
Corporate Social Responsibility (CSR) und Mitbestimmung: Fünf Unternehmensbeispiele