Industry Self-Regulation: Finding the Balance
There are two sets of rules that govern the behavior of industry marketers: formal regulations and voluntary guidelines (self-regulation). Formal regulations govern basic drug information distributed to physicians and the public such as drug labelling, package inserts, and the approved indications for its use. These types of formal regulations are designed to protect the health and safety of the public, as well as to inform physicians about how these products are to be prescribed, and although there may be some differences across countries, they are fairly consistent throughout the world. Global pharmaceutical companies have compliance frameworks in place in order to comply with these regulations.