Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the chief executive officer of a pharmaceutical firm. A new drug has achieved U.S. Food and Drug Administration approval and has been shown

You are the chief executive officer of a pharmaceutical firm. A new drug has achieved U.S. Food and Drug Administration approval and has been shown to be very effective in dealing with Alzheimer's disease in patients that have slight symptoms. Initially, news reports were very positive. Now, unfortunately, four deaths have been related to individuals taking the new drug, and publicity has turned quite negative. You know that your scientists and those scientists not associated with your firm all believe the new drug is not involved in the deaths. The market share for your business has dropped from a high of 22 percent to 9 percent in the United States, the only nation in which your firm is selling the drug. Your vice president of sales is suggesting two courses of action: either spend $1 million on advertising in the United States in an attempt to improve the image of the product, or spend $1 million on distributing the product outside of the United States and ignore, for the short term, the U.S. market for the drug. Apply the six parts of the framework for making ethical decisions. Which course of action would you adopt? Why?

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_2

Step: 3

blur-text-image_3

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

Law Express Contract Law

Authors: Emily Finch, Stefan Fafinski

6th Edition

1292210125, 978-1292210124

More Books

Students also viewed these Law questions