Biomedical and Biotechnology Research Journal (BBRJ)

REVIEW ARTICLE
Year
: 2022  |  Volume : 6  |  Issue : 3  |  Page : 302--310

Pharmacoeconomic aspects of pharmaceutical ethics


Huk Karina Ruslanivna1, Bespalova Olena Yaroslavivna2 
1 Department of Industrial Biotechnology and Biopharmacy, Faculty of Biotechnology and Biotechnics, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Kyiv, Ukraine
2 Department of Translational Medical Bioengineering, Faculty of Biomedical Engineering, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Kyiv, Ukraine

Correspondence Address:
Bespalova Olena Yaroslavivna
Asst. Professor, Department of Translational Medical Bioengineering, Faculty of Biomedical Engineering, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Kyiv
Ukraine

Nowadays, ethical standards of marketing, pricing, and safety strategies conducted by pharmaceutical manufacturers have declined significantly, which raises the question of health-care quality. The company's main objective has become to maximize profit and it is often done by unethical and deceptive marketing, implementation of direct-to-consumer ads, and educational meetings with a promotional character. One of the modern health-care areas, which aims to solve the ethical issues of the drug market, is pharmacoeconomics. The goal of pharmacoeconomics is not only the economic evaluation of various medical programs and pharmacological drugs but also the development of recommendations for the most efficient use of health resources and determining the right pricing and reimbursement strategy. Moreover, the use of the formulary system, which is the functioning tool of the evidence-based medicine (EBM), aims to provide an access to a wide range of certified and high-quality medicines that are recognized on the world market. Generics are considered a great substitutional option to the “ordinary” drugs due to their affordable price as the cost of prescription drugs in the world continues to be a source of concern. Another tool for providing affordable drug's prices is the reimbursement system, which offers a range of essential medicines at the reduced cost and can be product, disease, population, or consumption specific.


How to cite this article:
Ruslanivna HK, Yaroslavivna BO. Pharmacoeconomic aspects of pharmaceutical ethics.Biomed Biotechnol Res J 2022;6:302-310


How to cite this URL:
Ruslanivna HK, Yaroslavivna BO. Pharmacoeconomic aspects of pharmaceutical ethics. Biomed Biotechnol Res J [serial online] 2022 [cited 2022 Oct 3 ];6:302-310
Available from: https://www.bmbtrj.org/article.asp?issn=2588-9834;year=2022;volume=6;issue=3;spage=302;epage=310;aulast=Ruslanivna;type=0