Assignment 2: Discussion—Ethics and IPR

Assignment 2: Discussion—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.