Company Ethics
Introduction As a leading pharmaceutical company operating in India, our commitment to business ethics ensures that we meet the highest standards of integrity, transparency, and responsibility in all our business practices. We believe in delivering value to our stakeholders, including customers, employees, investors, healthcare professionals, and society at large, while maintaining ethical standards that reflect our core values.
1. Compliance with Legal and Regulatory Standards:
- Adherence to Laws: We strictly adhere to all national and international laws and regulations, including the Drugs and Cosmetics Act, the Indian Medical Council (Professional Conduct, Etiquette, and Ethics) Regulations, and the Foreign Exchange Management Act (FEMA).
- Good Manufacturing Practices (GMP): We ensure that our manufacturing processes comply with the prescribed GMP standards to guarantee the safety, quality, and efficacy of our products.
- Transparency in Reporting:We maintain transparency in financial reporting, complying with the Indian Accounting Standards and the provisions of the Securities and Exchange Board of India (SEBI).
2. Commitment to Product Safety and Quality:
- Patient Welfare: Our top priority is the health and well-being of the patients who use our products. We conduct extensive research and clinical trials to ensure the safety, efficacy, and quality of all our medicines.
- Continuous Improvement: We are committed to continuous innovation and improvement of our products and services, incorporating feedback from healthcare professionals, patients, and regulators to enhance the safety and effectiveness of our treatments.
- Quality Assurance: We maintain rigorous quality control measures and testing at every stage of production to ensure that our medicines meet the highest standards of quality.
3. Ethical Marketing and Advertising:
- Honest Communication: Our marketing, advertising, and promotional practices are grounded in honesty and transparency. We ensure that all claims made about our products are scientifically substantiated and comply with the guidelines set by the Medical Council of India (MCI) and the Advertising Standards Council of India (ASCI).
- Non-Misleading Claims: We refrain from making misleading or exaggerated claims about the benefits of our products. All marketing material must be clear, truthful, and backed by reliable scientific evidence.
- Education over Promotion: We prioritize educating healthcare professionals and the public about the proper use of our products rather than promoting them aggressively for commercial gain.
4. Anti-Corruption and Fair Business Practices:
- Zero Tolerance for Corruption: We have a zero-tolerance policy towards bribery, corruption, and any unethical business practices. We do not engage in bribing public officials, healthcare professionals, or any other individuals for the promotion or sale of our products.
- Fair Competition: We believe in fair competition and respect the intellectual property rights of other companies. We do not engage in unfair trade practices such as price-fixing, market manipulation, or other anti-competitive behavior.
- Gifts and Sponsorships: Any gifts, incentives, or sponsorships provided to healthcare professionals, institutions, or organizations are given with the intent to support education and research and must be fully transparent and compliant with all regulatory guidelines.
5. Respect for Privacy and Confidentiality:
- Confidential Information: We ensure the protection of confidential information related to patients, employees, research, and business operations. All proprietary data is safeguarded, and access is strictly limited to authorized personnel.
- Data Protection: We comply with the data protection laws in India, such as the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, and ensure that patient data is handled with the utmost care and respect for privacy.
6. Social Responsibility and Sustainability:
- Access to Medicines: We strive to improve access to essential medicines for underserved populations in India. This includes offering affordable treatments, supporting public health initiatives, and working with government programs to reach vulnerable communities.
- Environmental Sustainability: We are committed to reducing the environmental impact of our operations. This includes minimizing waste, reducing carbon emissions, conserving water, and following eco-friendly manufacturing practices.
- Community Engagement: We invest in social programs that promote public health, education, and the well-being of the communities in which we operate. We support health awareness campaigns, vaccination drives, and initiatives aimed at preventing diseases and improving healthcare infrastructure.
7. Employee Relations and Ethical Workplace:
- Fair Employment Practices: We are committed to providing a safe, inclusive, and non-discriminatory workplace. Our recruitment practices are fair, and we offer equal opportunities for all employees, regardless of gender, age, race, or religion.
- Health and Safety: : We ensure a safe working environment for all our employees by adhering to the Occupational Safety and Health Administration (OSHA) guidelines and providing regular health and safety training.
- Employee Well-Being: : We prioritize the mental and physical well-being of our employees by offering comprehensive health benefits, wellness programs, and opportunities for professional growth.