DOI: https://doi.org/10.32515/2663-1636.2020.5(38).190-196

Marketing of Medication in the Context of State Regulation of the Pharmaceutical Market

Nataliia Kuzmynchuk, Tetiana Kutsenko, Viktor Koval, Victoria Bondar

About the Authors

Nataliia Kuzmynchuk, Professor, Doctor in Economics (Doctor of Economic Sciences), Professor of Department of the Marketing, Management and Entrepreneurship, V.N. Karazin Kharkiv National University, Kharkiv, Ukraine, http://orcid.org/0000-0002-9844-3429, e-mail: nkuzminchuk@ukr.net

Tetiana Kutsenko, Associate Professor, PhD in Economics (Candidate of Economic Sciences), V.N. Karazin Kharkiv National University, Kharkiv, Ukraine, ORCID: http://orcid.org/0000-0001-7800-2987, e-mail: chkutsenko@gmail.com

Viktor Koval, Professor, Doctor in Economics (Doctor of Economic Sciences), Professor of the Department of Economics, Accounting and Management, Odessa Institute of Trade and Economics of Kyiv National University of Trade and Economics, Odessa, Ukraine, ORCID: http://orcid.org/0000-0003-2562-4373, e-mail: victor-koval@ukr.net

Victoria Bondar, PhD in Economics (Candidate of Economic Sciences), Senior Lecturer at the Department of Management and Logistics, Odessa National Academy of Food Industry, Odessa, Ukraine, ORCID: https://orcid.org/0000-0002-0419-6579, e-mail: bondarv1801@gmail.com

Abstract

The study is aimed at determining the characteristics of the activities of representatives of the pharmaceutical industry in the context of compliance with the requirements of international standards in order to provide the population with high-quality, affordable and effective drugs in the context of the COVID-19 coronavirus pandemic. It is substantiated that the marketing activities of pharmaceutical companies and pharmacy chains should comply with the principles of socially responsible marketing and be subject to state regulation in terms of protecting and ensuring public health. The use of individual tools of the marketing complex is not able to solve the problem of reforming relations in the system of providing pharmaceutical care as a whole, since it is necessary to take into account the social orientation of the activities of pharmaceutical companies and the restrictions that exist in the system of informing consumers about the consumer properties of medicines. The theoretical foundations of state regulation of the pharmaceutical market in the direction of creating a legal basis for the functioning of the subjects of the pharmaceutical system by establishing legal and effective relationships between manufacturers, suppliers and consumers of medicines on the principles of implementing socially responsible marketing, compliance with legislative and ethical norms in terms of ensuring the health of citizens of Ukraine have been developed. The social orientation of the activities of representatives of the pharmaceutical sector is focused on providing the population with affordable and effective medicines by improving the pricing system for medicines, producing safe medicines, providing complete and reliable information about the consumer properties of medicines. With the help of generalization and system analysis methods, theoretical and methodological recommendations have been formed for improving the directions of state regulation of the pharmaceutical market in terms of adhering to the principles of socially responsible marketing, the implementation of which will allow government bodies to develop an effective mechanism for state regulation of the pharmaceutical market.

Keywords

marketing, government regulation, pharmaceutical market, socially responsible marketing, management

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Copyright (c) 2020 Nataliia Kuzmynchuk, Tetiana Kutsenko, Viktor Koval, Victoria Bondar