Preview

Management Across Cultures - Pharm Companies, Intellectual Prop and the Global Aids Epidemic

Good Essays
Open Document
Open Document
3130 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Management Across Cultures - Pharm Companies, Intellectual Prop and the Global Aids Epidemic
Pharmaceutical Companies,
Intellectual Property, And the Global AIDS Epidemic

National American University

Abstract
No business opens its doors with the expectation of loss. The pharmaceutical world is a business and, as with any business, profits are key. Often the business world conflicts head on with the ethical world. This is the case here, especially as we examine the question of responsibility, intellectual property and morality. As we consider the rights of a business and its responsibility to share proprietary information in the face of a global AIDS epidemic, it is difficult to look at this situation through business eyes. A sense of morality must prevail and this is where the conflict occurs. Do pharmaceutical companies have a responsibility to distribute drugs for free or at low cost in developing countries? How does intellectual property fit in to this quandary? What impact would South Africa’s decision to levy duties on drugs in the country have on the international distribution of drugs? Was the change that provided patent protection for pharmaceutical companies an appropriate change or a dangerous precedent? Was it necessary to relax intellectual property rules in order to ensure that adequate supplies of AIDS medications would be available for distribution in the developing world? What role do multi-national corporations have in providing funding or other assistance to international organizations such as the Global Fund? Perceptions guide as one considers the answers to these questions. Arguments can be made for and against each answer. Should morality rule or profits? Ultimately, this is one world and, no matter the borders, everyone must live together, taking care of each other. The question is, “How do we do that and still take care of ourselves?”

Pharmaceutical Companies, Intellectual Property,
And the Global AIDS Epidemic
Acquiring affordable and effective medical treatment in the current economic situation

You May Also Find These Documents Helpful

  • Better Essays

    GlaxoSmithKline is a U.K.-based pharmaceutical powerhouse formed by a merger in the late 90’s, with the most important merger being that between Glaxo Wellcome and Smith Kline Beecham. The merger created a pharmaceutical industry giant with operations in over 100 countries and annual sales over $25 billion. In the U.S. alone, prescription drugs account for 10% of all medical costs with sales tripling over the past decade and price increases of 150 percent.…

    • 958 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Ethics acts as a countering factor to this need for what is externally known to success. Entine and Jennings allude to the financial aspect and its importance as a means to stability versus standards. For example, if a company chooses to market and sell a product that is free of antibodies and hormones, looking out for the customer, as opposed to selling those products that are not free of antibodies and hormones - placing monetary substance first – what is the validity of this business ploy as it relates to ethics? It would seem to adhere to capitalism based on external value in contrast to social economics; contrastingly, European countries do not inject by-products as an end to profitability. However, and in contrast to socialism, the common dominator as Entine and Jennings speak to is the relevancy of the “stakeholder”. What is the bottom line? What does it take to get there -- ethical or not. The other side of the coin, though, is what is the validity of the stakeholder to each company? If executives and managers dictate productivity via merchandise, the “stakeholder’s” causation then becomes limited and the power remains in management’s hands. Ethical value is applicable in this regard due to the fact that without conformity based standards, business opportunities remain…

    • 861 Words
    • 4 Pages
    Better Essays
  • Good Essays

    In the last century, we have held science and technology accountable for creating new drugs to help treat terminal and harmful diseases that we contract throughout our lives such as HIV. Pharmaceutical companies obtain patents to protect their work from being stolen from them, and produced at a cheaper cost by generic manufactures. This creates the ethical issue of making the drug untouchable to those with HIV that are not wealthy enough to afford the medication they need to survive. Why do pharmaceutical companies not want to share their patented information? What is a patent pool and how is it saving lives? An ethical dilemma can…

    • 731 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Foreign Aid Canada

    • 1967 Words
    • 8 Pages

    Operating in an industry where intense competition exists, Foreign Aid Canada (FAC) has encountered some challenges and strategic choices that will be discussed and analyzed in this report. FAC is considering two strategic alternatives in order to introduce testing, treatment, and education of AIDS in Africa and Asia:…

    • 1967 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Ethics and Pharmacare

    • 2854 Words
    • 9 Pages

    Throughout this paper the decision on whether PharmaCARE’s use of Colberian intellectual property would be ethical in accordance with: Utilitarianism, Deontology, Virtue ethics, Ethics of care, and my own moral / ethical compass will be discussed. There will be an analysis discussed on the way PharmaCARE uses U.S. law to protect its own intellectual property while co-opting intellectual property in Colberia. A discussion will be determined at least three ways the company could compensate the people and nation of Colberia for the use of its intellectual property and the damage to its environment.…

    • 2854 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Chaser

    • 1725 Words
    • 7 Pages

    Perhaps the most difficult situation in business arises when the indigent desire the product being sold. Political pressure is often put on the company to lower prices in order to accommodate the less fortunate consumer, however, this is in direct conflict with the company’s paramount goal of making the largest profit possible. Issues are increasingly complex given the supply-demand aspects of society and the incentive for production. For these reasons approaches to business that emphasize profit over availability can indeed help society in many ways. Upon the question of ethics one must view the entire market as a whole and the benefits of competition when deciding a fair price. An examination of the case study New Protocol: How Drug’s Rebirth as Treatment for Cancer Fueled Price Rises relies heavily on a keen understanding of the social and economic implications of a capitalist system, and once taken into account it is clear that Celgene Corp. is justified in raising prices based on the business market philosophies asserted by Adam Smith, Milton Friedman, Emanuel Kant, and John Locke. Celgene’s decision to raise prices is complex and…

    • 1725 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    In this paper, using technology and information resources for research, I will analyze and assess legal and ethical restraints on marketing and advertising, relative to both consumers and organizations. Analyze and evaluate laws and regulations relative to product safety and liability. Explore copyright laws and intellectual property rights and assess how well they balance competing interests. My research shall consist of three to five ethical issues relating to marketing and advertising, intellectual property, and regulation of product safety. Argue against Direct-to-Consumer (DTC) marketing by drug companies. Determine who regulates compounding pharmacies under the current regulatory scheme, what the Food and Drug Administration (FDA) could/should have done in the PharmaCARE scenario, and whether the FDA should be granted more power over compounding pharmacies. Decide whether PharmaCARE’s use of Colberian intellectual property would be ethical in accordance with: Utilitarianism, Deontology, Virtue ethics, Ethics of care, and my own moral / ethical compass. Analyze the way PharmaCARE uses U.S. law to protect its own intellectual property while co-opting intellectual property in Colberia. Suggest at least three ways the company could compensate the people and nation of Colberia for the use of its intellectual property and the damage to its environment. Compare PharmaCARE’s actions with those of at least one real-world company whose creativity in skirting legal technicalities led to ethical lapses and financial loss. Determine the success PharmaCARE and WellCo shareholders would have in suits against the companies. Determine whether or not PharmaCARE lives up to its brand. Support the response. Recommend at least three changes PharmaCARE can make to be more ethical going forward.…

    • 3430 Words
    • 14 Pages
    Best Essays
  • Good Essays

    In recent years, it has become an increasingly popular practice for drug companies to perform their clinical testing of new drugs in foreign countries that might not have the consumer protections of product liability laws present in the United States. Please answer each of the following questions using a theory studied in Module 2 specifically and thoroughly and using examples and facts from the readings and resources.…

    • 839 Words
    • 3 Pages
    Good Essays
  • Good Essays

    BUL6810 ACA Paper

    • 2536 Words
    • 6 Pages

    Munos, B. (2013, April). We The People vs. The Pharmaceutical Industry, In Forbes. Retrieved from http://www.forbes.com/sites/bernardmunos/2013/04/29/the-pharmaceutical-industry-vs-society/…

    • 2536 Words
    • 6 Pages
    Good Essays
  • Good Essays

    When today we ask the pharmaceutical giants about the question: how drug companies could live up to the human rights responsibilities, I think the Merck case gave out a vivid example of how and what to do from this case. However, there are three recommendations on the current model Merck adopt to accelerate the access: lessening initiatives in pricing, constantly valuating the projects, and innovatively reversely innovating.…

    • 603 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In recent years, it has become an increasingly popular practice for drug companies to perform their clinical testing of new drugs in foreign countries that might not have the consumer protections or product liability laws present in the United States.…

    • 787 Words
    • 3 Pages
    Good Essays
  • Better Essays

    It is the responsibility of companies today to promote responsible business practices at every level of the company. Business should be conducted ethically and honestly. Companies should also foster environments that promote ethical conduct and comply with all requirements of the law that they fall under. This paper will examine the ethical practices of PharmaCARE. Stakeholders will be identified, and several scenarios will be evaluated and critiqued.…

    • 2008 Words
    • 9 Pages
    Better Essays
  • Best Essays

    The rapid development of technology and especially that which touches on transport and communication has resulted to a high rate of globalization. Globalization has both negative and positive impacts on the global community. In the business environment, globalization has led to increased competition and enables consumers to get high products at relatively cheaper price (Stiglitz, 2002). In the health sector, globalization has led to emerge of new health issues and also a quick spread of the existing ones. HIV AIDS is one of the diseases that have been spreading at a very high fast rate due to globalization (Ford et al., 2007). In order to curb the spread promote health living among all the people, Canadians have been widely involved in the dealing with HIV/AIDS locally and in the global arena. This paper will focus on the involvement of Canadians in dealing with HIV/AIDS.…

    • 2063 Words
    • 9 Pages
    Best Essays
  • Satisfactory Essays

    Drug Companies and Ethics

    • 656 Words
    • 3 Pages

    After researching pharmaceutical companies, I quickly realized this is a very controversial topic. I’m not certain anyone in many of these companies have very many moral standards. Drug companies seemed to be very profitable from the researchers to the drug reps that deliver “gifts” and sample meds to the doctor’s offices that push their medications.…

    • 656 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Burroughs-Wellcome’s profits have doubled in the three years ending in 1988. The Food and Drug Administration (FDA) plans to expand the authorization for the drug’s usage to those who are infected with the AIDS virus, but not yet showing signs of serious illness. The estimate of the size of this market is hundreds of thousands rather than the tens of thousand who are currently sick with AIDS (1988).…

    • 470 Words
    • 2 Pages
    Good Essays