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1 What Are The Ethical Issues in This Case 2 147941
1 What Are The Ethical Issues in This Case 2 147941
“Big Pharma” is the name the business press uses for the gargantuan pharmaceutical industry.
Most of us are familiar with Big Business and Big Government. Now, Big Pharma is in the news
and has been for several years regarding its marketing, advertising, and sales tactics. As Time
magazine recently stated, it’s hard to empathize with the drug industry these days because of
the high cost of our prescriptions. We either just emptied our wallets in paying for our latest
prescription or just returned on a Greyhound bus from Canada where we bought our
prescriptions for less. Public perceptions of the pharmaceutical industry add to its problems. In a
2007 poll, Big Pharma has been called greedy as well as shifty, and it was found that most
people do not trust the industry to disclose bad news about its products.
ANSWER
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