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Ethics

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悴悋 惘悋惺悸

GSK, a large British pharmaceutical company, agreed to pay a $3 billion settlement for promoting drugs for unapproved uses and failing to report safety issues. GSK promoted the antidepressant Paxil for teenagers despite risks of suicidal thoughts, and the diabetes drug Avandia despite links to heart attacks. The settlement was the largest health fraud settlement in US history but no individuals were criminally prosecuted. Critics argue that without criminal penalties for responsible executives, large fines will not change companies' behavior.

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GSK Health Fraud Settlement
Contents About GSK The Case Virtue Ethics Utilitarianism Duty Ethics Right Ethics Conclusion Reference
About GSK GlaxoSmithKline: British healthcare company Headquarter: Brentford, London Founder: Glaxo Wellcome & SmithKline Beecham Foundation: 17 January 2000 Manufacture: drugs and vaccines Offices: 115 countries
About GSK Employee: over 99,000 Single largest market: U.S.A Market capitalization: 贈79 billion Top ranker: 2010, 2012 and 2014
The Case Promoting unapproved drugs in U.S.A On July 2, 2012, agreed to pay $3 billion Half a dozen drugs specially following three Paxil: antidepressant for adults; prescribed for teenagers; side effects- suicidal thoughts in teenagers Wellbutrin: approved for depressive disorder; prescribed for weight loss
The Case Avandia: diabetic drug ; caused 83,000 heart attacks Bribed doctors with foreign trips and spa Celebrity doctor accepted $275,000 Publishing medical journal with misreported data MOST SHOCKING FACT: No one was arrested
Virtue Ethics Lack of Honesty: promoted unapproved drugs Lack of Truthfulness: hid possible side effects Lack of Responsibility: no responsibility to affected people Lack of Professionalism: bribed doctors
Utilitarianism Benefit: GSK earned $26 billion Doctors who took bribe Loss: Health and financial loss of customers Loss of shareholders Reputation of GSK and judicial system of U.S.A
Duty Ethics Duty of GSK: To consumers To protect companys image To shareholders Duty of Government: To defend people from such fraudulent To search who are liable and punish them Duty of Doctors: To prescribe permitted medicine To be honest with patients
Right Ethics Right of consumers: To buy approved medicine To know the possible side effects Right of public: To be defended by Government Right of patients: To get honest treatment from doctors Right of shareholders
Conclusion Undoubtedly unethical Largest fraud settlement in U.S. history The chief executive stated it as a mistake Fines do not work Necessary criminal charges on individuals responsible Only way to change behavior: risk of jail time
Reference http://articles.mercola.com/sites/articles/archive/2012/07/16 /glaxosmithkline-plead-guilty.aspx http://www.nytimes.com/2012/07/03/business/glaxosmithkli ne-agrees-to-pay-3-billion-in-fraud- settlement.html?pagewanted=all&_r=0 http://www.huffingtonpost.com/robert-reich/how-not-to-get- big-pharma_b_1653588.html http://www.huffingtonpost.com/2012/07/03/dr-drew- glaxosmithkline-promote drugs_n_1647045.html?1341340758&icid=maing- grid7|main5|dl6|sec1_lnk3%26pLid%3D175513 http://www.npr.org/2012/07/02/156144458/glaxo-agrees-to- pay-3-billion-in-fraud-settlement

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Ethics

  • 1. GSK Health Fraud Settlement
  • 2. Contents About GSK The Case Virtue Ethics Utilitarianism Duty Ethics Right Ethics Conclusion Reference
  • 3. About GSK GlaxoSmithKline: British healthcare company Headquarter: Brentford, London Founder: Glaxo Wellcome & SmithKline Beecham Foundation: 17 January 2000 Manufacture: drugs and vaccines Offices: 115 countries
  • 4. About GSK Employee: over 99,000 Single largest market: U.S.A Market capitalization: 贈79 billion Top ranker: 2010, 2012 and 2014
  • 5. The Case Promoting unapproved drugs in U.S.A On July 2, 2012, agreed to pay $3 billion Half a dozen drugs specially following three Paxil: antidepressant for adults; prescribed for teenagers; side effects- suicidal thoughts in teenagers Wellbutrin: approved for depressive disorder; prescribed for weight loss
  • 6. The Case Avandia: diabetic drug ; caused 83,000 heart attacks Bribed doctors with foreign trips and spa Celebrity doctor accepted $275,000 Publishing medical journal with misreported data MOST SHOCKING FACT: No one was arrested
  • 7. Virtue Ethics Lack of Honesty: promoted unapproved drugs Lack of Truthfulness: hid possible side effects Lack of Responsibility: no responsibility to affected people Lack of Professionalism: bribed doctors
  • 8. Utilitarianism Benefit: GSK earned $26 billion Doctors who took bribe Loss: Health and financial loss of customers Loss of shareholders Reputation of GSK and judicial system of U.S.A
  • 9. Duty Ethics Duty of GSK: To consumers To protect companys image To shareholders Duty of Government: To defend people from such fraudulent To search who are liable and punish them Duty of Doctors: To prescribe permitted medicine To be honest with patients
  • 10. Right Ethics Right of consumers: To buy approved medicine To know the possible side effects Right of public: To be defended by Government Right of patients: To get honest treatment from doctors Right of shareholders
  • 11. Conclusion Undoubtedly unethical Largest fraud settlement in U.S. history The chief executive stated it as a mistake Fines do not work Necessary criminal charges on individuals responsible Only way to change behavior: risk of jail time
  • 12. Reference http://articles.mercola.com/sites/articles/archive/2012/07/16 /glaxosmithkline-plead-guilty.aspx http://www.nytimes.com/2012/07/03/business/glaxosmithkli ne-agrees-to-pay-3-billion-in-fraud- settlement.html?pagewanted=all&_r=0 http://www.huffingtonpost.com/robert-reich/how-not-to-get- big-pharma_b_1653588.html http://www.huffingtonpost.com/2012/07/03/dr-drew- glaxosmithkline-promote drugs_n_1647045.html?1341340758&icid=maing- grid7|main5|dl6|sec1_lnk3%26pLid%3D175513 http://www.npr.org/2012/07/02/156144458/glaxo-agrees-to- pay-3-billion-in-fraud-settlement