One paragraph

User Generated

RirBzne

Business Finance

Description

It's for a Libertarianism case study, that's what I need to add " Can you please add more information , if the government should be involved and what the family can or cannot do in this situation."

Please find attached the case study.

Thank you!

Unformatted Attachment Preview

Running head: ETHICAL DILEMMA 1 Ethical Dilemma; A Case Study of Josh Hardy and Chimerix Pharmaceutical Company Name of Student: Institute of Affiliation: Date: ETHICAL DILEMMA 2 There are numerous occasions in life when human beings have to make crucial decisions. In most cases, these decisions have their own consequences. For every situation in life, a decision has to be made from a list of all the possible available choices with different consequences for each choice selected (Badia et al., 2016). Ethical dilemmas stem from such situations. An individual or an organization may make a decision which may receive mixed reactions from external sources. Ethics come into play in many situations in our daily lives. One of the main areas where ethics come into major play is the health sector. Healthcare organizations may be presented with difficult situations that pose a number of ethical dilemmas. For instance, the issue of euthanasia provides a basis for many questions on ethics with one section of people thinking it wrong while the rest are for it. A selected ethical dilemma case scenario has been discussed in this paper. The case involves a critically ill teen, Josh Hardy and a company that is in a position to help the teen but does not (Cohen, 2014). Josh Hardy and the Pharmaceutical Company Josh Hardy, a seven-year-old teen was suffering in hospital. There was a pharmaceutical company, Chimerix, that was manufacturing a drug, Brincidofovir, which was thought to be effective and which would have healed the teen (Cohen, 2014). However, the company’ president, Mr. Kenneth Moch, declined to give out the drug. The drug was still under tests and giving it out would jeopardize the company’s marketing plans (Cohen, 2014). Should the Company Have Given Out the Drug to Save a Life at its own Expense? This is one of the biggest ethical dilemmas to have faced the company. There was a life to be saved by a drug manufactured by Moch’s company. However, the company would face serious marketing consequences had it opted to give out the drug. While the child’s life was ETHICAL DILEMMA 3 crucial, there were genuine fears raised by the company. Hardy’s life was important. However, Chimerix Company would also be taking a very big risk using an unapproved drug, Brincidofovir, which had also not been tested. There were chances of the drug not working and the company losing out. Marketing Problems There was a chance that the drug would not work on Hardy, given that his condition had deteriorated significantly. The company would not have wished for this kind of situation since it would impact negatively on the drug’s marketing chances. Failure of the drug to produce the desired effects on the patient would mean that it would not be approved by the Food and Drug Administration (Cohen, 2014). In such a situation, the company loses out. Expenses Incurred on Compassionate Activities The company would not have managed to use the drug on Josh Hardy alone for compassionate use. There were other patients too. Would it manage to cater for all the patients? It is reported that close to fifty thousand dollars would be spent on every patient had the company opted to put the drug for compassionate use (Cohen, 2014). This posed a great financial risk since the stakeholders would have to incur all the costs. Heavy Insurance Fines Additionally, Moch’s company faced the risk of paying heavy fines if the drug had produced undesirable effects on the patient. There was no insurance cover since the drug had not been approved. The company had participated in a similar compassionate activity before (Cohen, 2014). This situation seemed to have posed a very big risk as compared to the previous compassionate program that it had carried out. ETHICAL DILEMMA 4 A Libertarian’s Perspective From a libertarian’s point of view, the company would be acquitted of its decision. Life is very precious. On the other hand, the company is equally important. It is important for one to look at the bigger picture; if the company takes up the risk of releasing the drug and then it backfires, it will be shut down, meaning there would be massive job losses. Additionally, the company does not have any binding responsibility towards the patient as compared to the doctors. Releasing an incompletely tested drug would amount to negligence. Chimerix pharmaceutical company presents very genuine reasons for their actions; they cannot release the drug. ETHICAL DILEMMA 5 References Badia, X., Khoury, H., Merino-Montero, S., Fontanet, M., Torrent-Farnell, J., Catalan, A., ... & Goetghebeur, M. M. (2016). CAN THE ETHICAL DILEMMAS FOR HEALTH CARE DECISION MAKING ON DRUG REIMBURSEMENT BE TACKLED THROUGH HOLISTIC MCDA: AN ADAPTATION OF THE EVIDEM FRAMEWORK IN REALWORLD SETTING-THE CATALAN EXPERIENCE. The value in Health, 19(3), A264. Cohen, Elizabeth. CNN. (2014). The company denies the drug to dying child. Retrieved from https://edition.cnn.com/2014/03/10/health/cohen-josh/index.html
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: ETHICAL DILEMMA

1

Ethical Dilemma; A Case Study of Josh Hardy and Chimerix Pharmaceutical Company
Name of Student:
Institute of Affiliation:
Date:

ETHICAL DILEMMA

2

There are numerous occasions in life when human beings have to make crucial decisions.
In most cases, these decisions have their own consequences. For every situation in life, a
decision has to be made from a list of all the possible available choices with different
consequences for each choice selected (Badia et al., 2016). Ethical dilemmas stem from such
situations. An individual or an organization may make a decision which may receive mixed
reactions from external sources. Ethics come into play in many situations in our daily lives. One
of the main areas where ethics come into major play is the health sector. Healthcare
organizations may be presented with difficult situations that pose a number of ethical dilemmas.
For instance, the issue of euthanasia provides a basis for many questions on ethics with one
section of people thinking it wrong while the rest are for it. A selected ethical dilemma case
scenario has been discussed in this paper. The case involves a critically ill teen, Josh Hardy a...


Anonymous
Very useful material for studying!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags