Big Pharma Ethical Issues

KARL KRISTENSEN

Overview

Martin Shkreli

EpiPen

Pharma Monopolies & the Government

Ethical Questions

Martin Shkreli

Retrophin Thiola

Turing Pharmaceuticals Daraprim

Currently on bail for securities fraud

EpiPen

Mylan acquired the product in 2007 FDA delayed potential competitor Generic product agreement Cost in Canada

Pharma Monopolies & the Government

20 year patent protection

Per capita pharmaceutical spending in USA vs other countries

Lobbyists

Ethical Dilemma

Can you justify increasing the costs of pharmaceutical products to cover your R&D costs?

Is it ethical to set prices so high that the average person can’t afford life saving treatments?

Sources

http://www.ethicssage.com/2015/11/big-pharma-where-is-corporate-social-responsibility-with-high-drug-prices.html

http://articles.mercola.com/sites/articles/archive/2016/09/07/epipen-cost.aspx

http://time.com/4475626/epipen-price-pharmaceutical-crisis/