Business Ethics
In the United States, drug companies enjoy a high-profit margin. It means that when purchasing different commodities, Americans incur high costs, unlike Canadians or Europeans. The drug industry has been noted as the most profitable sector in the economy in the last two years. The United States drug prices do not indicate a fair and competitive market since they sell only a handful of essential drugs with the aim of establishing a top selling market (Williams, 1985). Pharmaceutical companies have ethical responsibilities that contrast with that of small biotechnology organizations regarding research and innovation. For instance, CV Therapeutic is ...
