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Q: Pharmaceutical industry ( No Answer,   3 Comments )
Question  
Subject: Pharmaceutical industry
Category: Miscellaneous
Asked by: roisin-ga
List Price: $15.00
Posted: 10 Aug 2004 08:10 PDT
Expires: 09 Sep 2004 08:10 PDT
Question ID: 385877
What are the economic and ethical imperatives in the pharmaceutical industry

Request for Question Clarification by easterangel-ga on 10 Aug 2004 18:03 PDT
Hi!

Would a list of economic factors and ethical issues in the
pharmaceutical industry be ok as an answer?

Thanks!

Clarification of Question by roisin-ga on 11 Aug 2004 01:01 PDT
Yes.  A list would be good.  My problem is that I am of the opinion
that the economic imperative is profits.   And profits alone.   But
perhaps I have been around too long!

Request for Question Clarification by easterangel-ga on 11 Aug 2004 01:11 PDT
I think based on your clarification that my research is not in line
with the objectives of your question. In the meantime I will open this
to other researchers who may have a better answer.

Thanks!
Answer  
There is no answer at this time.

Comments  
Subject: Re: Pharmaceutical industry
From: purkinje-ga on 10 Aug 2004 09:06 PDT
 
Are you looking for something like a "code of conduct" for the
workers, or do you mean a general list of how to succeed in the
industry, or something else?
Subject: Re: Pharmaceutical industry
From: roisin-ga on 11 Aug 2004 01:00 PDT
 
A list woudl be good.  thanks.   Problem is am not sure if there is
more to the "economic imperative" than profits!  Or am I too cynical??
Subject: Re: Pharmaceutical industry
From: dr_bob-ga on 11 Aug 2004 10:27 PDT
 
Economically, all pharmaceutical companies are at the mercy of their
investors(public or private).  Thus, it is an imperative they make a
profit.

If you regard fear of litigation as an ethical imperative, then one
can make the case that pharmaceutical companies have an ethical
obligation to make safe and effective medications to treat disease.

Otherwise, they are only obliged to satisfy the FDA.

If the pharmaceutical company is making FDA approved medications, they
are obligated by the FDA, to make drugs that improve the standard of
care for a set patients, and that appear safe based on a logical set
of clinical trials.  Otherwise their drug will not be approved, and
investors get grumpy.

Before clinical testing, they must convince an IND(Investigative New
Drug- panel of medical professionals(FDA again)) that the medication
is safe for human consumption, and has a reasonable chance of success
in clinical trials, However, they have no ethical obligation to
guarantee that indeed this is so.

On an individual level however, all scientists have an ethical
obligation to report the data they get, irrespective of how good or
bad it is. This data is generally reviewed by a group of peers, but
not always before it reaches an IND application.

The assumption when presenting data to an FDA panel is that all of the
data is inclusive, accurate, and open to scrutiny.

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