The FINANCIAL -- The International
Federation of Pharmaceutical Manufacturers and Associations welcomes the
decision taken at the Asia-Pacific Economic Cooperation CEO Summit to endorse
“The Mexico City Principles for Voluntary Codes of Business Ethics in the
Biopharmaceutical Sector”, often referred to as the “Mexico City Principles”.
These principles are fully aligned with the
IFPMA’s global Code of Pharmaceutical Marketing Practices which sets standards
for ethical promotion of medicines. The IFPMA looks forward to the Mexico City
Principles being adopted by all industry sectors on a voluntary basis within
all 21 APEC countries.
“Ethical relationships with health care
professionals are essential to the pharmaceutical industry’s mission in
delivering the best quality care to patients. Our industry has been supportive
of the APEC process since its conception as it raises awareness and
demonstrates the value of partnerships between the pharmaceutical industry,
governments and other key stakeholders,” said Eduardo Pisani, Director General
of the IFPMA.
“The fact that more ethical business
environments within the pharmaceutical sector are being accepted across the
Asia Pacific region demonstrates how setting global standards as an industry
can be a force for positive change. These principles will also provide a sound
basis for further productive dialogue with our stakeholders, validating that
collaborative efforts in this area are possible and that we all have a role to
play in ensuring ethical business practices” said Russell Williams, President
Rx&D Canada and Chair of the IFPMA Code Compliance Network.
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