big pharma ethical issues
Post on 15-Feb-2017
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Big Pharma Ethical Issues
KARL KRISTENSEN
Overview
Martin Shkreli
EpiPen
Pharma Monopolies & the Government
Ethical Questions
Martin Shkreli
Retrophin Thiola
Turing Pharmaceuticals Daraprim
Currently on bail for securities fraud
EpiPen
Mylan acquired the product in 2007 FDA delayed potential competitor Generic product agreement Cost in Canada
Pharma Monopolies & the Government
20 year patent protection
Per capita pharmaceutical spending in USA vs other countries
Lobbyists
Ethical Dilemma
Can you justify increasing the costs of pharmaceutical products to cover your R&D costs?
Is it ethical to set prices so high that the average person can’t afford life saving treatments?
Sources
http://www.ethicssage.com/2015/11/big-pharma-where-is-corporate-social-responsibility-with-high-drug-prices.html
http://articles.mercola.com/sites/articles/archive/2016/09/07/epipen-cost.aspx
http://time.com/4475626/epipen-price-pharmaceutical-crisis/
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