PharmaCARE (We CARE about YOUR health®) is one of the world’s most successful pharmaceutical companies‚ enjoying a reputation as a caring‚ ethical and well-run company that produced high-quality products that saved millions of lives and enhanced the quality of life for millions of others. The company offers free and discounted drugs to low-income consumers‚ has a foundation that sponsors healthcare educational programs and scholarships‚ and its CEO serves on the PhRMA board. PharmaCARE recently launched
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profitability. With eyes only on profitability this can create a hazard for patients because there is deficient testing of the drugs prior to the drugs hitting the American market. In this research paper we will cover the many facets of PharmaCare‚ Coleria‚ and Wellco and the drug AD23 side effects‚ and its manufacturing in an impoverished nation with the low wages and unsafe working conditions. All of which will be covered throughout this document. Marketing and Advertising The Food and Drug Administration
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all the stakeholders within the scenario for a pharmaceutical company PharmaCARE. In the PhamaCARE scenario the differences in the standard of living between developed and undeveloped nations presents human rights issues for PharmaCARE. The human rights issues will be analyzed and several recommendations to improve the company’s ethical standing going forward will be provided. Included in this paper is an assessment of PharmaCARE environmental initiative compared to the company’s negative anti-environment
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Administration (FDA) could/should have done in the PharmaCARE scenario and whether the FDA should be granted more power over compounding pharmacies. 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
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and intellectual property. It will examine and analyze the way PharmaCare conducts business to see if they are ethical in the ways they deal with direct marketing of products to patients instead of going through the right channels. I am going to analyze if bypassing the FDA to sell the AD23 directly to customers is legal and ethical and if they broke any law. I will also examine if the FDA could have done something to stop PharmaCare and the proxy they used to avoid the law and avoid prosecution
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PharmaCARE We CARE about YOUR health Yasser Benadada Table of Contents Stakeholders 2 Analyzing the Ethics 3 Who should be fired? 4 Will Whistleblower Policy help PharmaCARE 5 PharmaCARE’s Environmental Stewardship 6 Purpose of CERCLA Act 7 Stakeholders 1. The Companies: PharmaCARE was a successful and profitable pharmaceutical company. After launching the “We CARE about YOUR World®” initiative‚ PharmaCARE was able to defeat PAC’s lobbying efforts. Later‚ PharmaCARE found
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distribution of AD23 is precisely such an example of unethical behavior related to the company’s adherence to government regulations‚ product safety‚ marketing and advertising‚ intellectual property rights‚ and an overall approach to the conduct of its business in a manner that suggests a wonton disregard to the ideal of fair play (Amico). PharmaCARE’s Primary Ethical Challenges When judging the degree to which PharmaCARE is an ethical company‚ a review of their
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Assignment 4 Leg 500 PharmaCare Company’s Study Analysis Laquita Watson Professor Frank Hatstat Strayer University 1. Research three to five (3-5) ethical issues relating to marketing and advertising‚ intellectual property‚ and regulation of product safety and examine whether PharmaCare violated any of the issues in question. There is much ethical concern available which possibly relate to marketing and advertising intellectual property‚ and regulation of product safety. However‚ there are some
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PharmaCARE Bionca Murray Law‚ Ethics‚ & Corp. Governance Dr. Boneita Campbell Strayer University 2-19-2015 Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization (businessdictionary). Generally the common characteristics stakeholders might have are if they stand to gain or lose through the success or failure of the company. “A corporate stakeholder can affect the actions of a business as a whole” (businessdictionary). PharmaCARE
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running water. If the company compensated the healers for their intellectual property‚ the Colberians could improve their living conditions. PharmaCARE is taking advantage of this group of stakeholders because the healers are uneducated‚ ignorant to intellectual property laws‚ and do not know the true value of the information they are sharing with PharmaCARE. According to authors S.C. Jain and R. Bird‚ the Trade-Related Aspect of Intellectual Property Rights (TRIPS) is considered the most relevant
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