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Biopharmaceutical Sector

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Ethical business practices are at the heart of patient-centered healthcare. They are also vital to ensuring long-term, sustainable growth for the APEC region’s biopharmaceutical sector. The industry’s thousands of small and medium enterprises (SMEs) across the Asia-Pacific can face adverse consequences due to unethical industry practices. These include elevated patient distrust and weakened consumer confidence, unfair business conditions and/or inaccessible market opportunities, stifled investment and innovation, heightened regulation, and non-harmonized standards between economies leading to elevated compliance risk and legal costs while stifling cross-border trade.

The Business Ethics for APEC SMEs Initiative launched the biopharmaceutical sector program in September 2011 due to the significance of the industry for the region’s SMEs and long-term economic growth. An Expert Working Group was convened at that time in Mexico City consisting of senior government, academic and industry leaders to craft the “APEC Principles for Voluntary Codes of Business Ethics in the Biopharmaceutical Sector” known today as The Mexico City Principles. Mexico was selected to host this historic meeting as the only APEC member economy having implemented a high-standard, unified code of ethics for its entire biopharmaceutical sector, applicable to local and multi-national manufacturers, third party sales and marketing intermediaries, and other stakeholders. The event was co-chaired on a public-private basis by Mexico (Ministry of Economy) and Canada (Innovative Medicines Canada).

High-standard, voluntary codes of ethics strengthen ethical practices by providing a platform for industry self-regulation while supporting government enforcement and anti-corruption efforts. They benefit responsible biopharmaceutical enterprises by providing clarity and harmonization in industry practices while enabling these firms – especially resource-constrained SMEs – to compete across borders with reduced legal risk and financial cost. Ethical collaborations between the sector’s key stakeholders, underpinned by high-standard codes of ethics, also ensure decisions are made in the best interest of patients.

Thanks to implementation efforts for the APEC Mexico City Principles that began in 2012, at least 55 biopharmaceutical industry associations have codes of ethics in place or have achieved formal progress. This has expanded high-standard principles to over 8,000 biopharmaceutical enterprises across the APEC region, nearly 6,000 of which are SMEs. The biopharmaceutical sector program has also developed a trainer network that covers most economies as well as this website to disseminate the latest information and training resources. In 2015, an APEC Biopharmaceutical Working Group on Ethics was also established under the Project Overseer to advance implementation efforts (see Terms of Reference). Co-Chaired on a public-private and multi-sectoral basis, this ad hoc working group’s members for 2020-21 include:

Project Overseer: Ms. Tricia Van Orden, U.S. Department of Commerce

  1. Industry Co-Chair: Mr. Thomas Cueni, International Federation of Pharmaceutical Manufacturers & Associations (IFPMA)
  2. Government Co-Chair: Mr. Gaston Fernandez, Ministry of Foreign Affairs, Chile
  3. Health Care Professional Co-Chair: Dr. Jeff Blackmer, Canadian Medical Association (CMA)
  4. Patient Co-Chair: Mr. Russell Williams, Diabetes Canada
  5. Member: Ms. Alison Verhoeven, Australian Healthcare and Hospital Association (AHHA)
  6. Member: Mr. Pan Guangcheng, China Pharmaceutical Industry Association (CPIA)
  7. Member: Mr. Zhou Hui, The China Chamber of Commerce for Import and Export of Medicines and Health Products (CCCMHPIE)
  8. Member: Ms. Sabrina Chan, Hong Kong Association of the Pharmaceutical Industry (HKAPI)
  9. Member: Mr. Darodjatun Sanusi, Indonesian Pharmaceutical Association (GP Farmasi)
  10. Member: Dr. Chairat Shayakul, Rational Drug Use Subcommittee, National Drug System Development Committee, Thailand
  11. Member: Dr. Mohamed Namazie Ibrahim, Malaysia Medical Association (MMA)
  12. Member: Dr. Juan Francisco Millán Soberanes, Council of Ethics and Transparency of the Pharmaceutical Industry in Mexico (CETIFARMA)
  13. Member: Ms. Thuy Nguyen, Pharma Group Viet Nam
  14. Member: Mr. Takeshi Matsumura, Japan Pharmaceutical Manufacturers Association (JPMA)
  15. Member: Rafael Andres Diaz-Granados, Latin American Federation of the Pharmaceutical Industry (FIFARMA)

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Going Digital is Necessary for Small Businesses to Survive: Minister

IFPMA launches Note for Guidance to help those acting on behalf of biopharmaceutical companies live up to its ethical business principles

APEC Promotes Small Businesses & Patient Health with New Business Ethics Vision

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BUSINESS ETHICS FOR APEC SMES

Biopharmaceutical Sector

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