Apex Pharmaceuticals Company Ltd. is a well reputed multinational company dealing in manufacturing and marketing of life saving drugs and formulations. Company's Research and Development (R & D) Department is activel
CS Professional · Ethics, Governance and Sustainability · PYQS · December 2017
Apex Pharmaceuticals Company Ltd. is a well reputed multinational company dealing in manufacturing and marketing of life saving drugs and formulations. Company's Research and Development (R & D) Department is actively engaged in development and formulations of new drugs in general and life saving drugs in particular. While experimenting with a chemical molecule, R & D department sees the possibility that a molecule may be developed into a drug that may prove very helpful in the treatment of a rare, painful and life threatening genetic disease, for which no effective drug is available at present in the market, but which afflicts to only one child in one million. However, development of the drug will require investment of huge sum of investors' money of the company, despite the drug may not have saleability. The R & D department of the company brings this to the notice of Mr. Ram, who is the CEO of the company. Taking the above facts into consideration, answer: (i) What dilemma Mr. Ram is facing?
Answer & Explanation:
Dilemma is a situation that requires a choice between options that are or seem equally unfavourable or mutually exclusive. By definition, an ethical dilemma involves the need to choose from among two or more morally acceptable courses of action, when one choice prevents selecting the other; or, the need to choose between equally unacceptable alternatives. A dilemma could be a right vs. wrong situation in which the right would be more difficult to pursue and wrong would be more convenient. Easier dilemmas involve a 'right' versus 'wrong' answer; whereas complex ethical dilemmas involve a decision between a right and another right choice. Keeping of the fact of the case, it can be said that Mr. Ram is certainly in dilemma. Here in this case, Mr. Ram is required to choose between carrying out the development of a drug for a rare, painful and life threatening disease which afflict to only one in a million and the action of spending huge sum of shareholder's money. As one can see, both are positive and ethically right choices. As a socially responsible person, he has to think in terms of eliminating a serious but at the same time he must be careful in dealing with shareholder's money. Thus, it is a classic case of ethical dilemma.
Topics: Ethics
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