When dealing with drugs that treat critical illnesses

Assignment Help Operation Management
Reference no: EM132185969

When it comes to lifesaving drugs, we want both safety and speed. We want safety because a drug that cures one disease should not cause another. We want speed because the longer it takes for a lifesaving drug to hit the market, the more people will die because it was not available in time to save their lives. In the 1980s, there was a public outcry because the FDA took nearly three years to approve most drugs; with the AIDS epidemic in full swing, that meant that many people died before the drugs that would save them became available. With the help of Congress, the FDA and the drug industry eventually worked out an arrangement in which companies would pay millions of dollars in fees in return for an FDA guarantee that drug reviews would be completed within a year or within six months for a medicine that would save lives. The arrangement effectively addressed the problem of the time required for FDA approval; however, a new problem arose. Drug companies would not let their money pay for drug safety monitoring after the drug was on the market. As federal funding slowed, and the FDA became increasingly dependent on industry funds, the safety program diminished and speed became the watchword. The deal required that the FDA submit annual reports on review time but not on the safety of drugs that were already on the market. Managers are judged by the speed with which decisions are made; questions about safety are seen as simply slowing down the decision process. FDA employees who speak out about safety concerns report that they are often ostracized and penalized for expressing their concerns. 1. What are the ethical issues in this case? Who are the stakeholders? 2. When dealing with drugs that treat critical illnesses, how do you decide between speed and safety when enhancing one diminishes the other? On what basis are you making your decision? 3. Was it wrong for companies to help fund drug testing when it meant that lifesaving drugs could be available to patients more quickly? Were the problems that arose inevitable? 4. If you were responsible for regulating pharmaceutical drugs, what changes would you make to alleviate this situation?

Reference no: EM132185969

Questions Cloud

Collective bargaining agreements : Are any employees of Pfizer represented by labor unions or covered by collective bargaining agreements
Why your claims merit consideration : Utilize your pre-writing and outlining strategies from week two to help you organize and plan your essay. It is not required to have research.
Everyone needs access to the internet : According to many, the digital world is being divided into 'haves' and 'have nots' - between those that have access and can use a computer and the Internet
Advantage of the full transfer rate of interfaces : If you did want to take advantage of the full transfer rate of these interfaces, it would be better to use a solid-state drive (SSD) rather than a hard drive.
When dealing with drugs that treat critical illnesses : When dealing with drugs that treat critical illnesses, how do you decide between speed and safety when enhancing one diminishes the other?
Role of consultant to assist functional managers : You are asked to assume the role of a consultant to assist functional managers in updating website design and in considering a new animated website.
Capacity quickly enough at the time of change in demand : which organization will be running at capacity because they cannot adjust their capacity quickly enough at the time of a change in demand?
What is the concept behind blockchain : What is the concept behind Blockchain? How can it be used to help manage a supply chain? How could Blockchain be used to enhance product traceability?
Does my conclusion sum up the essay : This assignment calls for you to revise your Persuasive Essay from week six into a final draft. All good writers revise their work, often multiple times.

Reviews

Write a Review

Operation Management Questions & Answers

  What were the reasons for change

Find a recent news article about an organization that changed its marketing strategy. What were the reasons for change?

  Select a developing country and describe the pattern of

a developing country wants to become more global hoping to increase the pace of its economic growth and improve the

  Positioning their brands to reach the hispanic market

Of the Big Six media companies, which do you think is most effective and least effective in how they are positioning their brands in the US Hispanic market? What would you recommend, using the strategies presented in our text to modify how they are p..

  What is the O*Net and how does it relate to job analysis

What is the O*Net, and how does it relate to job analysis? What are the components of O*Net, and when might an employer want to consider the information from this source?

  About starting his own independent gasoline station

Even though independent gasoline stations have been having a difficult time, Ian Langella has been thinking about starting his own independent gasoline station. Ian’s problem is to decide how large his station should be. The annual returns will depen..

  An analyst has timed metal-cutting operation

An analyst has timed a metal-cutting operation for 50 cycles. The average time per cycle was 10.7 minutes, and the standard deviation was 1.20 minutes for a worker with a performance rating of 133 percent. Assume an allowance of 15 percent of job tim..

  Perspective rather than personnel services perspective

What factors drove organizations to adopt a more human resources perspective rather than a personnel services perspective?

  Draft sales email to the student government association

Draft a sales email to the Student Government Association on the benefits of MGMT 305-Business Communications to other students here at University.

  Identify three kinds of technology in an organization

Identify three kinds of technology in an organization. Explain how different types of technology create different competencies.

  Have you ever had to be a whistleblower

What recommendations would you make to TAP Pharmaceutical Products to help prevent such a suit again? Have you ever had to be a whistleblower? Please describe circumstances and consequences. If not, under what circumstances would you become a whistle..

  Inherited a mutisite existing clinic system

Assume that you have just inherited a mutisite existing clinic system as a new CEO.

  Unilaterally implemented pension plan freeze effective

Did the hospital violate Article 9, Section 12, of the labor agreement when it unilaterally implemented a pension plan freeze effective January 2, 2010?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd