Ethics

The twenty-first century has seen pharmaceutical companies grow in unprecedented size and strength. Due to the unprecedented growth the larger pharmaceutical companies have gained leverage and power in the prescription drug industry, but they lack innovation to market and they seek ways to help the business continue to increase its profits. The pharmaceutical industry was once ethically sound and was a valuable player in the development of human health. However, overtime with the lack of innovation pharmaceutical companies are becoming an unethical market that exploits patients, doctors and anyone else it can to increase its profitability. With eyes only on profitability this can create a hazard for patients because there

There are a number of people that will be affected by whatever decision is made by Puredrug about this shipment of Travolene. The internal stakeholders consist of the employees at Puredrug, management at Puredrug, and the investors of Puredrug. The external

In this brief response to the business ethics case study, I will highlight findings that question the integrity of Next Step Herbal Health Company according to Ramona Alexander’s research on the company and her observations of the CEO’s engagement and the recruiter’s response to her raised concerns. There were three major issues I found that were questionable in making a final decision of accepting any offers from Next Step. I will elaborate on the following points:

Drug makers in the United States have largely abandoned treating the sick according to the Hippocratic Oath for a guiding philosophy of fuck you, pay me. The most hotly spotlighted cases are

Traditional doctors prescribe their patients all types of drugs to treat conditions and diseases. Most people trust their physicians to give them the best care possible, but many doctors prescribe and recommend medications based on their relationship with a company. Pharmaceutical companies pay doctors or even provide meals, in exchange for meetings and education. In an article from Time Magazine from September 18, 2014, Your Doctor Should Reveal Biases and Pharma Ties, Says Group, author Alexandra Sifferlin explains the issue with these relationships. Sifferlin uses ethos, logos, pathos, and links to respectable websites to convince readers that patients should be made aware by their physicians of ties pharmaceutical companies and their positions of controversial practices.

This paper will tempt to tell the ethical issues of the relationship that the pharmaceutical

The life of prisoners some may never know. There are those who care not to know what goes on behind that wired fence. We find that some people that are convicted of crimes that they did not commit. Some people would rather turn their heads to what actually happens in a prison institution, because they feel it is no concern of theirs. Innocent women and men face a disaster in life when they find their selves incarcerated in such facility as these. The treatment in prison facilities toward prisoners with health issues or those who develop health concerns that

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.

There are various ethical principles which are violated by the company’s marketing tactics. Giving away free gifts to young doctors violates virtue and character. Such practices make these young doctors dishonest right from the beginning, before their career has even started and the oath taken to help everyone in need is broken when the doctors prescribe wrong drugs to their patients. Bribing government officials and the excessive lobbying also violates ethics, character, and virtue. Human rights are also violated through the marketing methods of big pharma. Right to information and right to health and safety are clearly ignored when the companies make false advertisements and push their drugs for off-label uses. Companies hide the truth about their research and continue to use their drugs by manipulating the consumers, doctors etc. When the companies overprice their drugs, they violate ethical principle of justice where equality is observed. As a result of overpricing the drugs, the government pays more for the Medicaid and Medicare programs thus reducing the budget for others in need. The marketing and advertising methods are clearly meant to increase the bottom-line and thus benefit only the shareholders. Other stakeholders are not given equal importance. According to the utilitarian principle, the benefits should exceed the costs; the benefits in the case of big pharma are an increased margin of profits and higher revenues. The costs include risk of public health,

On the other hand, although such drug companies may be acting unethically, they are also acting in a legal matter. In other words, they are

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.

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

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

Costs of the decision included negative public perceptions of the firm and denial of treatment to economically disadvantaged and uninsured consumers. the decision was ethical because the benefits of new life saving drugs outweighed the costs of denial of treatment to the few. So GSK regarding to its primary stakeholders was social responsible.

ABSTRACT Purpose: This research paper gives an insight about the processes used by local and MNCs pharmaceutical companies in Pakistan.The purpose of our research is to examine that what factors affect physician prescription behavior based on ethical grounds. Methodology: This research focuses on the strategies and marketing tools used by pharmaceutical companies in