Group 3
Bianca Osagie (participated)
Brittny Longnecker (participated)
Kristina Lucero (participated)
Maria Perez (participated)
Ashati Cartha (did not participate)
Michelle Cherry (did not participate)
Pfizer is one of the world’s largest pharmaceutical companies, and is now facing a lawsuit for one of its top selling drugs Lipitor. Lipitor is a prescription drug designed to treat patients with LDL-Cholesterol levels of 160mg/dl or higher (as approved by the FDA). When Pfizer saw that there was little to no competition for Lipitor, they decided to go the extra mile in gaining additional sales through the use of off label marketing. Off-label marketing is defined as the use of drugs for an unapproved condition or at an unapproved dosage. While it is not illegal Pfizers use of this method forces us to question their ethical values.
Over the years the United States has seen a rise in patients who suffer from health issues related to high cholesterol, so it is only natural that people would jump at the chance to take a hassle free pill to lower their cholesterol; however, some of these people did not need to be written a prescription for Lipitor. Doctors could have told them that diet and exercise would be enough to reduce the risk of a heart attack. Coercing people into paying for a prescription that they do not need is unethical. The doctors and the company should be held accountable because they did not have the consumers best interest in mind. It is understandable for companies to keep profit in mind, but pharmaceutical companies have a moral obligation to patients, who are the final consumers of their products and they should thus encourage doctors to be selective when writing the prescriptions for their drugs.
One can conclude that the corporate value of Pfizer is very self interested, as the company makes it clear that they seek to make as much money as possible, even if it means selling prescriptions to people who may not need the drug. Seeing as corporate values tend to directly influence the ethical decisions employees make, it is no surprise that Pfizer’s workplace decisions are consequently summed up as dishonest and unethical. Pfizers and their employees show no remorse for blatantly misrepresenting their products image to consumers, and it is sad to say that some employees may still not understand the wrong that has been done because they have been repeatedly shown that profits is what matters at the end of the day. The marketing strategy for Lipitor is called one big "fraudulent scheme" to go beyond the FDA approved prescription
of Public Health launched a new campaign in the compulsory license debate by announcing a compulsory licence for Plavix, a hypertension drug. Thailand also threatened to issue additional compulsory licenses for expensive western medicines such as Lipitor, Pfizer’s most important drug in terms of global revenue. For Pfizer, and the pharmaceutical industry at large, Thailand’s decision was the realization of their greatest fear: that the failure of the WTO’s 2002 “Agreement on Trade-Related Aspects…
Growth Strategies, Innovation, Alliances, and Execution Capella University Introduction Thompson & Strickland (2013) believes that a successful organization’s strategy depends on people, capabilities, structure, and execution. Important as well are growth and innovation (P.. 286), which allows an organization to remain competitive. Growth strategies arise from an organization’s SWOT where clear guidelines identify areas of focus. Achieving this requires innovation and alliances on products…
“I pledge my honor that I have neither given nor received inappropriate aid on this assignment” _______________________________________________ Abstract Heart Failure is a serious problem affecting millions of American’s. This paper focuses on describing Heart Failure and the patient that I cared for at Newark Beth Israel Hospital. Several different non-pharmacological interventions are discussed that can be used by nurses in the clinical or home care setting. Educating patients…
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Company Overview: Pfizer is an international pharmaceutical company and is considered one of the leading companies in this industry with Lipitor and Viagra as its most known manufactured drugs. The company grew from a one building medicine manufacturer to a multinational company running its operations all over the world. In addition, the mergers and acquisitions that the business went through ensured that Pfizer name is associated with any global resource specialized in health and well-being industry…
Macroeconomic Forecast Pfizer, Inc. March 14, 2005 Abstract This paper is a Macroeconomic Forecast Outline of Pfizer, Inc. This outline will identify main economic indicators for Pfizer as a business entity and as a representative of pharmaceutical industry. This paper will identify sources of various data collected based on economical activity and relationships between different economical indicators. Main Economic Indicators The purpose of economic indicators is to provide for researchers…
leave with a prescription for a medication. It may be a paper prescription or it may be an electronic script that is emailed over to the pharmacy, or it may even be a script that is called into the pharmacy over the phone. Whatever the means of receiving the prescription, (which will be referred to as an Rx in this paper), the mystery to us patients is; How does the Rx turn into the medication we leave the pharmacy with? In this complex paper the pharmaceutical supply chains will be discussed. How…
PART ONE Medical-Surgical Cases 1 1 Cardiovascular Cardiovascular Disorders Case Study 1 Heart Failure Difficulty: Beginning Setting: Emergency department, hospital Index Words: heart failure (HF), cardiomyopathy, volume overload, quality of life X Scenario M.G., a “frequent flier,” is admitted to the emergency department (ED) with a diagnosis of heart failure (HF). She was discharged from the hospital 10 days ago and comes in today stating, “I just had to come to the hospital today because I…
High-Technology Acquisitions Final Project -Acquisition Proposal: To Acquire: May 2012 Table of Content Executive Summary I A. Purpose I B. Background I C. The Rational for the Acquisition I D. Standalone, Synergy and Premium Valuations II E. Integration Plan II Part 1 - The Rational of the Acquisition 1 1. Pfizer's Strategy 1 1.1. Pfizer Growth Strategy 2 2. Pfizer's Road Map 4 2.1. Pfizer's Acquisitions Rational 4 3. The strategy behind the acquisition…