1. The price of prescription medicines in the United States derive from the highly regulated FDA guidelines that are needed to guarantee medicines are in fact safe for the consumers. I do not feel anything can be done regarding regulations that are set for patient safety. Yes, drug prices reflect a fair and competitive market. Pharmaceutical companies are in the business to provide treatment/cures to diseases that were considered killers just a few years ago. The high cost is misinterpreted as a greed endeavor. However, what the public fails to understand is that for every ten projects there is one that will provide suitable results. Those eleven projects will cost billions of dollars in R&D. Not to mention that the life …show more content…
4. Assess the motivation of drug companies that test overseas? This question is obvious; Pharma companies need a large sample size for their case studies to treat certain dieses. These companies are providing free treatment to those who participate in the study. Therefore, yes I feel that Pharma companies provide testing to the less fortunate is morally justified. They select prime candidates that may not be able to benefit from medicines that may improve or save their lives. I do not believe that these individuals are being exploited. They are receiving medicines that may not have received. 5. Since I work for a Abbott I know that this question is a false statement and is subject to hostile opinions against the good that Pharmaceuticals companies are providing to human beings and they also provide excellent care to our pets as well (since animal health is also being researched). However, since the assignment is to discuss the questions proposed I will provide my response accordingly. Pharma companies are not declining to sell a product to people based upon profit. The Council Administer of Health negotiates with the pharma companies and will provide an offer of “X” and that is what they will distribute to their population. 6. I have a hard time believing that a company that develops a cure to improve the health and well being of those who are suffering would “refuse” to
1. On balance, do you think Merck is an ethical and socially responsible company? Why or why not? How about Pfizer?
Bell continued to interview a journalist named Greg Critser, who authored the book “Generation RX,” which is about the relationship between America and pharmaceuticals. He exclaims that drug companies advertise their product so much that it internalizes inside individuals that the drugs they’re selling are good and not poison, then he continued where the drug is somewhat of a poison where it kills another thing off to benefit another. Pharmaceutical companies also lobby the political side of their ambitions to cover up the negative side of their
When developing drug court programs, drug courts should combine alcohol and other drug treatment services with the criminal justice system. The two complement each other and ensures success when participants are willing.
The Pharmaceutical industry has been in the spotlight for decades due to the fact that they have a reputation for being unethical in its marketing strategies. In The Washington Post Shannon Brownlee (2008) states, “We try never to forget that medicine is for the people. It is not for the profits. The profits follow.” This honorable statement is completely lost in today’s world of pharmaceutical marketing tactics. These tactics are often deceptive and biased. Big Pharma consistently forgets their moral purpose and focuses primarily on the almighty dollar. Big Pharma is working on restoring their reputation by reforming their ethical code of conduct.
Should College Athletes Get Paid or Not? One of the biggest issues with college athletes is if they should get paid or not. College athletes do get scholarships to play for whatever sport they intend to play at the university of his or her choosing but they also need money for extracurricular activities such as going to the movies, hanging out with friends, food, etc. So my thesis is what are the advantages and disadvantages of college athletes getting paid.
The cost of new medical drugs seems to be accepted by many people who use them. These pharmaceutical companies increase their profits more and more each year because many people assume that it does cost a lot of money for research and development. Where in reality, they are only spending about 15% of their profit margins on research and development alone. A huge percentage of these drugs are actually tested in other countries where people are more willing to do trials with these drugs because they cannot afford them. Not only are there more people who are more willing to try them, but also there is less regulation and oversight when it comes to testing. Conducting these clinical trials overseas not only saves
Society expects drug companies to improve people’s well-being and to behave like a nonprofit company not overly concerned with making large profits. However, investors
Annually, the US spends $300 billion dollars on pharmaceutical drugs. This is due to the over-diagnosing of certain conditions. Everyday, Americans are exposed to an enormous amount of advertisements for medications of all kinds. For example, 1 in 10 Americans are taking
Over the past couple of decades, a sudden change has started to take over the way business is done. The time when no rules applied, and anyone could do what they pleased at the cost of others or the environment is rapidly ending. Instead, companies today have become aware that it is essential for them to employ ethics and morality in their actions, if not they will be heavily scrutinized and rejected by the public. This way of thinking also applies to the pharmaceutical industry, which over the past century has been rapidly expanding. Do to the fact that this industry can determine the health and lives of millions of people, it is imperative that this industry follow an ethical and moral path.
These companies are clearly putting the health and well-being on people to save money, them bypassing the laws to save money and avoid regulations and protocols of the United States. The low standard of medical treatment these companies are providing in addition to the slave labor wages is preposterous to say the least. Many major pharmaceuticals companies make sure to inform the public of all the free medicines they donate to developing countries. One would think that is the least they can do considering these products were probably tested on them years ago, and let us not forget the tax
Those target markets who rely on Johnson & Johnson health and medical needs are mostly patients, doctors, nurses and civilians. Therefore, the company need to sustain their products and services over all these years to ensure that lower income people and underprivileged patients are able to access on their medicines. This however requires the company to balance patient’s access and competitive dynamics in line with their need as the company need to have enough resources to keep on being innovating, creating new and better medicines and at the same time making sure there will be a fair return to the shareholder as well. Johnson & Johnson also work closely with the governments, physicians, non-government organizations and the international donors all around the world to provide its products within an affordable prices to its
Everyday, healthcare professionals are faced with ethical dilemmas in their workplace. These ethical dilemmas need to be addressed in order to provide the best care for the patient. Healthcare professionals have to weigh their own personal beliefs, professional beliefs, ethical understandings, and several other factors to decide what the best care for their patient might be. This is illustrated in Mrs. Smith’s case. Mrs. Smith is an 85 year old who has suffered from a large stroke that extends to both of her brains hemispheres which has left her unconscious. She only has some brain stem reflexes and requires a ventilator for support. She is unable to communicate how she wishes to proceed with her healthcare. Mrs. Smith’s children, Sara and Frank have different views regarding their mother’s plan of care. The decision that needs to be made is whether to prolong Mrs. Smith’s life, as Sara would like to do, or stop all treatments and care, as Frank feels his mother would want. In the healthcare field, there are situations similar to this case that happen daily where moral and ethical judgment is necessary to guide the decision that would be best for the patient. The purpose of this paper is to explore and discuss, compare and contrast the personal and professional values, ethical principles, and legal issues regarding Mrs. Smith’s quality of life and further plan of care.
What is the proper role of the following groups in addressing these dilemmas: National governments, Branded pharmaceutical firms, and Generic manufacturers?
The corporate social responsibility states that "corporations can and should act ethically and be accountable to society for their actions." Pharmaceutical companies work to save lives and make a profit. Individuals should make sure that