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Assignment 4: Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property
Due End of Week 9 and worth 300 points
You are a new associate at the law firm of Dewey, Chetum, and Howe. John, a former researcher at PharmaCARE, comes to your office. He has concerns about PharmaCAREÃ¢â‚¬â„¢s use of AD23, one of the companyÃ¢â‚¬â„¢s top-selling diabetes drugs. Two (2) years ago, after PharmaCAREÃ¢â‚¬â„¢s research indicated that AD23 might also slow the progression of AlzheimerÃ¢â‚¬â„¢s disease, John and his team of pharmacists began reformulating the drug to maximize that effect. In order to avoid the Food and Drug AdministrationÃ¢â‚¬â„¢s (FDA) scrutiny, PharmaCARE established a wholly-owned subsidiary, CompCARE, to operate as a compounding pharmacy to sell the new formulation to individuals on a prescription basis. CompCARE established itself in a suburban office park near its parentÃ¢â‚¬â„¢s headquarters. To conserve money and time, CompCARE did a quick, low-cost renovation.
1. Research three to five (3-5) ethical issues in the scenario relating to marketing and advertising, intellectual property, and regulation of product safety and examine the extent to which PharmaCARE violated these issues. Be sure to identify the law and then the extent of the violations.
Write clearly and concisely about law, ethics, and corporate governance using proper writing mechanics.
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