StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Ethical Dilemma of the Drug Company - Assignment Example

Cite this document
Summary
The author of the "Ethical Dilemma of the Drug Company" paper argues that the first possible action is to defy the advice of the instructor and include the 5% of the sample that showed a negative response to the drug being tested, in the author's final analysis of the efficacy of the drug being…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
Ethical Dilemma of the Drug Company
Read Text Preview

Extract of sample "Ethical Dilemma of the Drug Company"

The second possible action to take in this dilemma is to follow the advice of the instructor but go ahead to inform the human subjects about the negative results that some samples of the data had shown.

The third possible cause of action in this ethical dilemma would be to abide by the advice of the instructor and disregard, in my final analysis of the data, the 5% of the sample that had shown a negative response to the drug being tested. In this case, I would not disclose to the 5% of the people who responded negatively to the drug, that the drug possibly made them develop some medical problems. One of the stakeholders in this dilemma is the management and the shareholders of the drug manufacturing company that had funded this research.

Disclosing the 5% negative response of the drug being tested could lead to big losses to the shareholders of the company because the drug being tested could be regarded unfit for human consumption. The second stakeholder in this dilemma is human research subjects. Failure to disclose the true results of the research could make some of the study subjects who had shown evidence of developing medical complications due to the drugs, not seek medical care. The third stakeholder in the ethical dilemma is me, the ethical decision maker.

The ethical decision that I would make in this dilemma would determine whether I have acted professionally or not. This would affect my career. The supervisor is the fourth stakeholder in this dilemma. The decision that I would take in this case would, undoubtedly, affect the supervisor: adhering to the supervisor’s advice would mean that the supervisor would be considered successful in this research while defying the advice of the supervisor would imply that the supervisor is not successful in this research.

The choice of the first possible action in this dilemma would be perfectly in line with the ethical guidelines for statistical practice. One of the ethical guidelines for statistical practice is observing professionalism and avoiding deceptions and other unethical behavior in statistical analysis. Including the 5% of the sample would mean that the drugs have some health problems and this could mean big losses to the shareholders of the company. The choice of the second course of action in this dilemma would be informed by the ethical requirement to protect the interests of the study subjects.

This action would be advantageous to the human study subjects and it would not affect the shareholders of the company negatively. The choice of the third possible action would be informed by the need to guard the privileged information of the management of the company that had funded the research.  

Although this action would be disadvantageous to the shareholders of the drug Company, this course of action, however, is the best and the most professional since it is perfectly in line with the ethical guidelines for statistical practice. The choice of the other two actions would violate one or two of the provisions of the ethical guidelines for statistical practice. 

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Ethics assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Ethics assignment Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/business/1636553-ethics-assignment
(Ethics Assignment Example | Topics and Well Written Essays - 500 Words)
Ethics Assignment Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/business/1636553-ethics-assignment.
“Ethics Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1636553-ethics-assignment.
  • Cited: 0 times

CHECK THESE SAMPLES OF Ethical Dilemma of the Drug Company

Direct-to-Customer Drug Advertising

In this paper categorical imperative will be used to solve this dilemma of drug advertisement.... In advertisement no company can tell everything about a drug therefore there will be chances of misunderstanding.... drug advertising is banned in many countries because of the possible harmful consequences of the practice.... There are ethical consequences of legalizing direct-to-customer drug advertising.... Children might also suffer from drug advertisements as they are not mature enough to fully understand the side effects of a medicine....
3 Pages (750 words) Essay

International Legal and Ethical Issues in Business IP Week 4

Research need to be conducted to ensure that the drug introduced to the market can compete perfectly.... the drug should also meet the target population needs; it should be in a position to solve their problems.... Legal Barriers to Market Entry Legal requirements have to be followed by the drug manufacturers to ensure that they enter the market with legal approval.... In addition to the 30 month stay per application, the FDA tightened control on the types of patent claims submitted by the innovator company....
4 Pages (1000 words) Essay

ETHICAL DILEMMA IN THE CLINICAL RESEARCH

On the other hand, the lack of issuing of publication will mean that no one will know of the drug and hence the whole process of research and trial will have just been a waste of time and money and hence a loss which many pharmaceutical companies cannot handle (Verdu-Pacual and Ponce, 2001).... The clinical trial may be marked with several problems which may render the drug unfriendly to most people.... If this information is released to the public through the findings, the drug may either be banned from manufacture and production or harm many people....
2 Pages (500 words) Essay

Ethical Dilemma, Professional Organizations Issue Rules and Regulations

"ethical dilemma, Professional Organizations Issue Rules and Regulations" paper states that ethics and duty are intertwined although duty is superior to ethics.... ethical dilemmas may haunt a person but the true value of human life can be accomplished only when he fulfills his duties as a human being.... eing ethical is to be dutiful and responsible.... To be ethical is to follow the goals in life....
6 Pages (1500 words) Assignment

International Legal and Ethical Issues in Business

The branded drugs usually rely on the brand reputation that the drug company has built up for several years.... One ethical dilemma that can be involved in the requirement to use generic labels is that medical professionals may honestly believe that Prozac is more than any other fluoxetine.... Federal antitrust enforcers are investigating whether a multinational pharmaceutical company has attempted to minimize the impact of generic competition to one of its most profitable prescription drugs....
5 Pages (1250 words) Research Paper

Ethical Dilemma Faced by Pfizer

the drug development process is time-consuming, dicey and costly.... An approving review would allow Pfizer to sell the drug in the United States, the world's largest market both for adults and children.... ut it was having trouble finding the sufficient number of sick children in the United States to test the drug on.... Then in early 1996, an emerging epidemic of bacterial meningitis in Kano, Nigeria presented Pfizer a quick way to test the drug on a large number of sick children....
5 Pages (1250 words) Assignment

Ethical Dilemma Description

Lucky enough, the body endowed with the responsibility of monitoring the trial, Data Safety and Monitoring Board (DSMB), identified some side-effects of the drug within the trial process.... The overall clinical trial took several months due to tests on alleged side effects the drug could have on patients such as gastro-intestinal problems as compared to other drugs of the same category such as naproxen (Parker, 1998).... the drug was identified by DSMB as highly associated with cardiovascular effects....
6 Pages (1500 words) Assignment

Ethical Lapses That Affected GSK Product Quality

Ethics can be defined as the issues relating to the nature of morals in addition to certain moral choices that should be made by an individual, institution, or company.... GSK's roles as a pharmaceutical company entailed research, production and development of drugs.... All these roles implied the company was entrusted with the role of promoting and sustaining human health.... However, the company seemed to have failed on its moral obligation in fulfilling the duty as it was involved in a range of unethical practices....
18 Pages (4500 words) Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us