Lack of Ethics in Pharmaceutical Industry Health, Medicine Case Study (Case Study Sample)

Lack of Ethics in the Pharmaceutical Industry
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Lack of Ethics in the Pharmaceutical Industry
Slide 1: Reasons for Price Increase in Medication
Key words 1. To earn supernormal profits.
2. Lack of ethical principles.
3. Inadequate regulations in the industry.
Content: Greed is the major factor that causes companies to charge high prices so that they can earn supernormal profits. Large firms merge with small entities to exploit consumers. Additionally, generating a profit of up to 8000% is an indication that most managers lack moral principles, and are not concerned about the quality of health of humans and animals. The case study also indicates that regulations are no adequate to guarantee fair charging of prices in the industry.
Slide 2: Impact of Exorbitant Prices on Consumers
Key words 1. Increased cost of medication.
2. Negatively affects the quality of health.