BUSI 201 - Article Review Assignment - Week 8 - Copy

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Jan 9, 2024

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1 Article Review Assignment Amanda Naudus Intermediate Business Computer Applications BUSI 201-C13 Professor Tina Harclerode November 16, 2023
2 Introduction - This paper analyzes two recent articles that highlight unethical behavior related to technology and data manipulation within the biotech industry. The first article from Reuters, titled "Co- founders of San Francisco Biotech Startup uBiome Charged with Fraud," and the second article from The Wall Street Journal, titled "uBiome Co-founder Sued for $25 Million Over Lab Testing Company's Bankruptcy," provide insights into the ethical problems faced by uBiome, a biotech startup. The analysis will examine the ethical issues presented in these articles and explore how they relate to a biblical worldview. Summary of the Articles – In the first article, fraudulent claims made to insurance providers are discussed, potentially increasing a company's revenue while causing financial harm to insurers and, indirectly, policyholders. The second article from The Wall Street Journal focuses on a lawsuit targeting Jessica Richman, one of uBiome's co-founders. The lawsuit alleges that Richman's misleading actions led to the company's bankruptcy, illustrating the real-world consequences of unethical behavior in the corporate world, potentially resulting in significant financial losses for investors and endangering employees' jobs. Investors are seeking $25 million in damages from Jessica Richman, highlighting the financial impact of unethical conduct. These lawsuits aim to hold individuals accountable for their actions, aiming to recover the financial losses incurred by investors due to corporate leaders' deception and misconduct. Ethical Problems –
3 The articles scrutinize a multitude of severe ethical issues in the biotech industry, primarily concerning uBiome, a San Francisco-based startup. These issues encompass a complex array of fraudulent practices, including securities fraud, health care fraud conspiracies, and misleading investors. These multifaceted unethical behaviors extend beyond financial harm, profoundly affecting trust, integrity, and the well-being of healthcare and biotech stakeholders. Securities fraud allegations against uBiome's co-founders, Jessica Richman and Zachary Apte, form a central ethical dilemma, involving the manipulation of information to artificially inflate the company's value, potentially leading to significant investor losses. Equally concerning are health care fraud conspiracies, where uBiome is accused of deceptive billing practices that may boost revenue while adversely impacting insurance companies and policyholders, undermining the healthcare system's integrity. Additionally, the deliberate misleading of investors compromises trust and transparency, causing substantial financial losses for investors and eroding faith in corporate leadership. Beyond financial implications, uBiome's unethical actions jeopardize healthcare accuracy, risking patient well-being and undermining the healthcare system's integrity. Biblical Worldview - From a biblical worldview, the unethical behavior described in these articles is in clear violation of fundamental ethical principles. The Bible emphasizes the importance of honesty, integrity, and treating others as we would like to be treated. Proverbs 11:1 (NIV) states, "The Lord detests dishonest scales, but accurate weights find favor with him." This verse highlights the abhorrence of dishonest practices and the importance of conducting business with integrity. Furthermore, the Bible instructs believers to "Love your neighbor as yourself" (Mark 12:31, NIV). In the context of healthcare and biotechnology, this means ensuring that the health and
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