Assignment: Ethics and IPR
IPR protect drug companies from others making their products without the expense of investing in research and development. IPR also enable drug companies to recoup research and development (R&D) costs by charging more for a drug than the marginal cost of producing it.
One result of this strategy, however, is that unless a company can charge enough to cover the costs of R&D and production, it has no incentive to develop and produce a drug; no matter how important that drug may be to certain populations, for example, the poor in third-world countries.
• What ethical dilemmas does this situation pose for drug companies?
• Do other types of companies face similar dilemmas?
In addition to the readings assigned for Module 4, identify and read two to three other articles on professional ethics and the concept of intellectual property.
Share your observations, early conclusions, reflections, and questions in this discussion.
Submission Details:
• By the due date assigned, in a minimum of 400 words, post a summary of your findings to this Discussion Area. Support your work by citing sources according to APA standards.
• Through the end of the module, respond to at least two of your classmates' posts and respond by drawing comparisons between their findings and yours.