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

  True of the value-in-use pricing method

Which of the following is true of the value-in-use pricing method? The product price is set to provide customers with an attractive savings after considering the life-cycle costs of the product. The cost of making a product and the desired profit mar..

  An employee has proposed adding new equipment

An employee has proposed adding new equipment that would speed up the loading rate to 5.71 trucks per day.

  What contributes to the success of ant financial

What contributes to the success of Ant Financial (AF)? What institutional voids does AF fill? What are AF’s core capabilities?

  Supply-demand and cost and inventory data

Josie Gall's firm has developed the following supply, demand, and cost and inventory data. Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a ..

  Promotes the integration of theory and practical application

In preparation for Year 1 residency, students will continue the self-reflection process by completing a Personal Reflection pre-residency assignment.

  Identification of the external customer is important

Which of the following is true of the policy deployment process? Identification of the external customer is important because:

  Attract more visitors outside of prime seasons

Why are tourist destinations attempting to attract more visitors outside of prime seasons?

  Is quality policy assisting the goals of mission statement

Describe the six [6] principles for consensus decision making. Is quality policy assisting the goals of a mission statement?

  Concepts to reduce cost for an intermediate size airline

How could an aviation maintenance manager apply predictive maintenance concepts to reduce cost for an intermediate size airline?

  Understanding community resilience in the context

An example of a literature review for a homeland security research topic is the document "Understanding Community Resilience in the Context of National Health Security: A Literature Review."  This literature review is comprehensive and shows how prof..

  Describe the challenges your company faces in expanding

Describe the challenges your company faces in expanding into a country.

  Calculate the appropriate measure of capability

Calculate the appropriate measure of capability and pick one of the following response

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