By David L. Finegold, Cécile M. Bensimon, Abdallah S. Daar, Margaret L. Eaton, Béatrice Godard, Bartha Maria Knoppers, Jocelyn E. Mackie and Peter A. Singer (Auth.)
This e-book is the 1st systematic, specific remedy of the ways to moral matters taken by way of biotech and pharmaceutical businesses. the appliance of genetic/genomic applied sciences increases a complete spectrum of moral questions affecting worldwide future health that needs to be addressed. themes lined during this entire survey comprise concerns for bioprospecting in transgenics, genomics, drug discovery, and nutrigenomics, in addition to how you can enhance stakeholder family, layout moral medical trials, stay away from conflicts of curiosity, and identify ethics advisory forums. The professional authors symbolize a number of disciplines together with legislations, medication, bioinformatics, pharmaceutics, company, and ethics
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Additional info for Bio: Industry Ethics
As Doctors Write Prescriptions, Drug Companies Write Checks. The New York Times, Section A1. 19 Hawthorne, p. 157. P9310_02 5/6/05 8:58 PM 44 Page 44 Chapter 2 manner. “Our commitment to ethics doesn’t always succeed—of course, human frailty does exist at Merck like everywhere else,” said Frazier. ” To try to minimize any such occurrences, Merck has put in place several additional mechanisms to encourage the desired behaviors. These include: Hiring people with the right values and then reinforcing them—“I think we look for people who we believe have a similar value system, including how they make decisions, and what they’ve done earlier in their career,” said Yarno.
He argues, however, “that in the long run the practice of ethical standards gives us a competitive advantage. It’s not driven by what the traffic will bear in any country. ” Merck also has had to contend with critics who deplore the high cost of drugs and who claim that these prices are a result of excessively high advertising and promotion expenditures. 2 billion vs. 16 In 2001, it added over 1000 sales representatives to keep pace with its main industry rivals, such as Pfizer, which were growing more rapidly through acquisition and heavy promotion of blockbuster products.
P9310_02 5/6/05 8:58 PM Page 47 Merck: Staying the Course 47 Merck reiterated its commitment to improve access to the medicine in this dire public health crisis. CLINICAL TRIALS AND PUBLICATION OF RESULTS Recent changes in Merck’s research publication practices are also illustrative of how Merck’s decisions are influenced by its dedication to the credo and ethics. When Dr. Laurence Hirsch, who had headed product development for Fosamax®, Merck’s blockbuster osteoporosis drug, was offered the chance to run a newly formed department that would coordinate all the clinical trial-related publications emerging from Merck’s Research Labs (MRL) and other areas, he thought “it would be somewhat low-key, with less stress than drug development.
Bio: Industry Ethics by David L. Finegold, Cécile M. Bensimon, Abdallah S. Daar, Margaret L. Eaton, Béatrice Godard, Bartha Maria Knoppers, Jocelyn E. Mackie and Peter A. Singer (Auth.)