Question

Can you find examples of biotech/pharmaceutical companies that fall into these categories:

Financial Responsibility (Finan. Needs)

Environmental Resp. (Rev. Logistics, Efficiency)

Social Resp.(Disaster Relief Supply Chains, Ethics)

how do you find them?

Answer 1

Each manufacturing business must consider factors such as financial responsibility, environmental responsibility and social responsibility while set up and organizations running in fields of biotech/pharmaceutical segment are also binded to work on these aspects.

Before listing out names of such companies, let us find out impact of these factors in biotech/pharmaceutical field.

Financial Responsibility: Each business requires financial capital to start, operate and further growth. Cost effective manufacturing increases company profits and possibility of growth which helps to increase market share of company. Pharmaceutical field is organized and most of the companies gather capital investments through market shares. Biotechnology is growing field and it is also becoming organized. Strict financial planning is must for sustainable growth of any organization.

Environmental Responsibility: Pharmaceutical companies use various APIs (Active Pharmaceutical Ingredients) and biotech companies use various cultures during their manufacturing. Handling of these APIs and cultures require special care to avoid adverse impact on environment. Certain APIs are very hazardous and may lead to death of person if not used with care and its waste is not disposed off properly in environment. Environmental impact of pahrmaceutical companies is much higher than that of biotech companies. Transportation, storage, use and disposal of APIs and cultures is very important to avoid health hazards due to its improper exposure in environment.

Most of the times special manufacturing zone is alloted to pharmaceutical companies manufacturing APIs. Other Effluent treatment system is must for both pharmaceutical and biotech companies, regular testing of BOD, COD of this waste is must in order to minimise hazard to environment by these effluents. Control over air pollution by setting up chimneys at proper height as per regulatory requirement is must while designing manufacturing facility.

Social Responsibility: Now a days not only pharmaceutical and biotech but all companies are contributing to CSR (Corporate Social Responsibility). Issues such as education, water storage and supply, training, skill development are handled by various corporate organizations including pharmaceutical and biotech companies. Some companies supply basic medicines in subsidised rates to poors, during disaster they help in relief and rehabilitation of affected people. Global organizations like WHO has tie up with some pharmaceutical companies to carry out such activities.

Some of such companies listed below for information:

1) CIPLA

2) Glaxo Smithkline Pharmaceuticals

3) P fizer

4) Merck

5) Novartis

6) FDC Ltd

7) Roche

8) Johnson & Johnson