1. on ethics: Dr. Margaret Chan, director general of the WHO, criticized the pha
ID: 453931 • Letter: 1
Question
1. on ethics: Dr. Margaret Chan, director general of the WHO, criticized the pharmaceutical industry for being "profit driven" and for failing to invest in the development of a vaccine or cure for Ebola. As CEO of a leading pharmaceutical firm, how do you respond to these criticisms?
2.) On Ethics: As a shareholder of a pharmaceutical firm that announced its new investment to develop an Ebola vaccine and that as a result, your dividend would be reduced, would you support or not support the firms decision to spend your money to combat Ebola?
3.) On Ethics: As a government official, what would be your recommendations to incentivize pharmaceutical firms to develop an Ebola vaccine?
Explanation / Answer
To develop any new medicine or drug, alot of research and scientific study goes in alon with the hardwork and time.
It requires manpower, infrastructure, and amenities to find a new drug for cure of any disease. Since pharmaceutical industry does not have any support from local government or from WHO for that matter in regard to the research for new drug, `industry needs to be profit driven to sustain itself and keep the investors and employee happy so that company can have the required talent pool specialized in the field of reseach.
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