Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The research of PharnCo, a midsize pharmaceutical company, tells top management of an important new discovery. After years of effort, one of the company's research

The research of PharnCo, a midsize pharmaceutical company, tells top management of an important new discovery. After years of effort, one of the company's research team has discovered a drug that will reverse pattern baldness, the leading cause of male hair loss. The potential for profit from such a drug is enormous, but the director cautions that two out of eight principal researchers on the team believe that the drug may also increase the possibility of potentially fatal cerebral aneurysms in a very tiny percentage of users.

- If follow-up animal studies of the new drug do not show significant side effects, would it be ethical for the company to tell the two researchers to keep quiet about their concerns?

- is it ethical to put animals at risk in order to test the drug's safety?

Many poor men in the world will be unable to afford the new drug if PharmaCo set the price too high.

- is it morally right for PharmCo to maximize profit even if it means that many men will have to remain bald?

- does your answer change if the drug cures rheumatoid arthritis? AIDS?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions

Question

What are the factors affecting organisation structure?

Answered: 1 week ago

Question

What are the features of Management?

Answered: 1 week ago

Question

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago