The Ethics Of The Pharmaceutical Industry - amazonia.fiocruz.br

Accept: The Ethics Of The Pharmaceutical Industry

By: Rachel Thomas. In a capitalist free marketthe goal of business is to sell a product to satisfy demand. This profit Motive A motive is something — often desire s or emotion s — that move us to action. Our motives are not, however, necessarily self-interested, nor are they always so. This is not to say that self-interest is absent from ethics. Some accounts of moral motivation — ethical egoism, for example — hold that Good may be used to refer to anything — it is a general The Ethics Of The Pharmaceutical Industry that expresses positive value about something or assigns positive value to something. Nevertheless, in philosophy the term takes on special meaning and that meaning is particularly related to ethics. The pharmaceutical industry presents one instance. The pharmaceutical industry is a unique and significant component of the international economy.

It faces ethical issues distinct from other industries. There are a few powerful players controlling the supply of arguably the most critical products in an economy.

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A pressing ethical issue for pharmaceutical companies is whether they ought to be held to a higher standard than those in other industries due to their role in serving the public good. Do pharmaceutical companies have a moral Duty The term duty is used interchangeably with the term obligation. The concept identifies something an action that we are required, or bound, to do. Many people feel that morality is fundamentally a matter of duties a Christian, for example, The Ethics Of The Pharmaceutical Industry feel that living a moral life amounts to dutiful adherence to the Pharmaceutical companies can profit from patent laws intended to promote social good but which instead create perverse incentives, or fail to adequately incentivize. Even if patent protection secures exclusive Rights Rights are particular Pharmaceuticl. An individual who holds a right is thereby entitled to whatever that right guarantees.

Inevitable patent laws, the consequent lack of competition, and crucial public interest in accessing these drugs are Pharmaceutkcal characteristics of the pharmaceutical industry.

As such, policies ought to encourage companies in this industry to keep drug prices low and Thr develop new treatments for humanitarian rather than pure profit motives. With actual human lives on the line, pharmaceutical companies should be held to a higher standard. Thus, pharmaceutical companies have a duty to serve the public.]