Ethics and the Pharmaceutical Industry

The pharmaceutical industry is one of the most powerful and greedy industries in our country, with a goal to make as large a profit as possible, at the expense of the sick.

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.

Instead, they made an attempt at hiding and understating discoveries about one of their most widely sold drugs. Vioxx was a profitable business endeavor, at best, but the price paid by thousands worldwide is worth far more than that. Ethical alternatives could have included; further research before release, immediate labeling changes or withdrawal of medication after the VIGOR study, and openly communicating the dangers of their product. Vioxx is a lesson to all companies that ethical practices are just as important as following the legal standards put forth by the government, especially when the lives of people are at

A company has the responsibility to represent the best instrest to all stakeholders. If a company purpose is to gain weth than it should not give a deceiving picture about caring for the wellbeing of the world. PharmaCARE is a deceiving company because they display on thing but do another. The company favors its executives more than the employees in Colberia. This shows that the company has a a double standard. The lobbying shows that the company is only to appease its American shareholders. Lastly, providing employment to individuals for only a dollar a day is not ethical. This company cannot be regarded has ethic because it disregards basic human

One major issue within the health field is obesity. One major ethical concern is the pharmaceutical’s impact on those who take medications that have weight gain as a possible side effect. This is an ethical concern since many people are blaming all of their weight gain on the potential side effect. The problem lies in the communication between the prescriber and the patient. If a PA., N.P. or Dr. does not tell their patient that they may gain weight with a certain hormonal pill, which is an issue that can raise ethical questions. Also, on the other side, if a prescriber asks a patient why they have been gaining weight and the patient says it was the pill that made them gain weight, when they had been indulging in an unhealthy diet, that too

According to Carlat (2008), there is a growing book of literature regarding the dishonesties of the marketing method of the drug enterprise. One of the literature written by Petersen in 2008) is about the United States that revolves into a country of medicine as either or generating new ailment or over emphasized the vulnerability of the created disease including (1) uprising pharmaceutical retailers; (2) the narrative description

This article displayed many ethical situations that are currently taking place within our society. Big pharmaceutical companies are being accused by government regulators for taking advantage of patient’s health needs. Even though pharmaceutical companies are in the business to make a profit they have jeopardized patient’s life’s by unethically pushing their products on people who may not benefit from their product medically. This particular case demonstrated that these companies went as far as prompting their products to medical schools by giving out “gifts” as well as free lunches to medical students. These attempts were to brainwash young doctors to get in the habit of promoting their pharmaceutical products, even before they became practicing

The pharmacy business and healthcare in general is an immensely complex subject with profound ethical, economic and political intricacies and considerations. As discuss previously in this paper a lot of the issues with Shkreli arise from his own personality and a lack of moral turpi-tude. For the purpose of generating a reasonable solution we will put Shkreli’s personality aside and examine the specific strategy and conditions in the healthcare space that allowed Shkreli to single handedly raise the price of Daraprim by over 5000%. This section will examine the practice of trolling, a strategy used by Martin Shkreli and Turing pharmaceuticals to profit off the drug Daraprim despite adding nothing to the development or improvement of the drug.

The possible ethical dilemmas present in this example are the Federal Trade Commission (FTC) conducting the investigation against a pharmaceutical company for not allowing generic drugs to the market because most pharmaceutical company would allow generic drugs into the market because they understand that not everybody is able to afford name brand drugs and people need the medications in order to cure the disease they have been diagnosed with, and to help them deal with their day to day lives. I think that the FTC should try to understand and maybe see where the pharmaceutical company is coming from and see if there is a way for the drug company and the FTC to come up with a solution in order to help people and not have the drug company loose any money or profits with people buying generic drugs rather than purchasing name brand drugs the company is selling to the general market.

In one study which was published recently in the “British Medicinal Journal” one of the biggest frauds for health care was exposed which killed many people on very cruel way — Chemotherapy. This thought that pharmacy and medicine did not think about the humanity is frightening. They should be helping people, especially those who suffer from serious diseases but instead, they endanger human health even more by presenting toxic drugs.

The pharmaceutical industry confronts several dilemmas every year. Most of these dilemmas revolve around money or whether or not to sacrifice now for a bigger payoff in the end concerning money and/or lives. Pharmaceutical companies tend to use shortcuts that create ethical problems. Drug companies have spent millions/billions of dollars in research, and they obviously want to see

In the Merck, the FDA, and the Vioxx Recall case study, the question as to whether or not Merck conducted itself in a socially responsible and ethical manner with regard to Vioxx is the central problem we will examine in this case. Many argue that the sole problem lies within the pharmaceutical company Merck and Co., Inc., and while that may in fact be the case, other parties such as the Food and Drug Administration (FDA) can be held responsible as well. Merck a “research driven” pharmaceutical company “dedicated to putting patients first,” is one of the largest pharmaceutical companies throughout the world (Presley, 2). The American pharmaceutical giant manufactures, markets, research and develops a variety of health

In the pharmaceutical field, there is a lot of controversy when it comes to doctors prescribing certain medications to patients; such as oxycodone. Some citizens hold the government accountable for addicting patients to oxycodone, but in reality the ones to blame are the doctors and pharmaceutical scientist. The government may have allowed doctors to prescribe these medications but there are also laws created to prevent doctors from abusing the right to prescribe oxycodone. The most common controlled substance that is prescribed is oxycodone which is also known as a narcotic.

This report is to be produced to explore ethical issues in Pharmaceutical Marketing in Pakistan and

PharmaCARE Company is one of the leading world pharmaceutical companies, that enjoy an honest name of a caring and well-run company and that act ethically toward its stakeholders. It provides with the high-quality products and saves people’s lives increasing its quality. However, the case with the African nation of Colberia, where the PharmaCARE holds its big manufacturing object, raise community fears as for the unethical attitude toward the indigenous population of this land. The following paper will illustrate the main unethical considerations of the Company, will describe the key characteristics of its stakeholders, and will illustrate the human rights issues presented by PharmaCARE 's treatment. The paper will also suggest the changes that PharmaCARE can perform to be more ethical. The key characteristics of the stakeholders within the PharmaCARE PharmaCARE follows the open-door policy and culture among its employees. It stands for the employment equity and promotes the development and progress of its people. The company conducts workshops and training sessions to create its employees’ awareness of and ensures with the training of new processes and new technology that it establishes. It often presents health care staff with the challenging issues to ensure the staff to be aware of new medication nutritional care, some potential side effects or interactions. The Company provides educational programs for all staff members to enhance their professionalizm. The pharmacists