Essay on Module 3

829 Words Sep 28th, 2013 4 Pages
Are drug companies that test experimental drugs in foreign countries acting ethically?
In my opinion, a lot of people in foreign countries are uneducated and therefore, may not fully understand the risks, complications and side effects of these experimental drugs. If they do not have the means to adequately research the drug prior to testing it, they may end up doing so without fully understanding what potential side effects are involved. I am not sure how well companies educate these foreign countries and or people involved in the case study. If these people are not educated properly than it is unethical for them to test experimental drugs on them.
Is American industry at too much risk of lawsuits to remain competitive? Should
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Is it ethical for companies to decline to sell a useful drug in a foreign country because they can make more money marketing the drug elsewhere?
I personally feel that it is neither ethical nor unethical for a company to decline to sell a useful drug just because they can make more money marketing drugs that are more widely needed. It really is up to the company what drugs they want to sell however; if a drug is available that will help people and or cure disease, it should be made available and companies should sell it. From a business stand point I can understand why they would want to market only drugs that are more widely needed as it will make them more money however; by offering or selling drugs that are useful, they will eventually gain more recognition and that could lead to a competitive advantage.
As for whether or not it is ethical for companies to decline selling a useful drug in a foreign country because they can make more money marketing the drug elsewhere, I am again neither in agreement or disagreement on this one. It is a company’s chose where and to whom they want to sell drugs to. However, in poor countries, people cannot easily afford anything. Companies would have to reduce their price significantly even by selling in bulk. If they sell to China or other countries that can afford the drugs, I am sure they would do so but they also risk losing money.

Do companies have

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