Pharmacare

ETHICS AND CORPORATE RESPONSIBILITY IN THE WORKPLACE AND WORLD

PharmaCARE the Rise and Fall

Jeanne M. Catalano

Strayer University

Authors Note

This paper was prepared for Leg 500 Law, Ethics, and Corporate Governance

Taught by Professor Professor A. Weekley

Ethics and Corporate Responsibility in the Workplace and World: PharmaCARE the Rise and Fall

Money and greed has systematically been the downfall of many companies. PharmaCARE was an upcoming established company well renowned for ethics and high quality products. The company even started a new initiative to go green and become environmentally friendly. During their honeymoon period they were believed to enhance the quality of life around the world. PharmaCARE thrived on research and capitalized on a new breakthrough of a diabetes drug that would help slow down the terrible infringement of Alzheimer’s. Over the course of a few years, PharmaCARE set up a sister company called CompCARE to be the compounding pharmacy to manufacture this new drug AD23. It became a mass hysteria to get this drug which pushed CompCARE into methods outside the scope of what a compounding pharmacy is authorized to do. Unfortunately all business practices began to push the limits, ethics were questioned, and in the end resulted in over 200 cardiac related deaths to this drug AD23. This is basically the rise and fall of PharmaCARE and how a corporation’s greed killed the hopes and dreams of many who hoped for AD23 to be a sign from god.

This company had many different people who had stakes in what they were to accomplish. PharmaCARE and CompCARE each had there executive team who had high financial stakes in the success of AD23. As ironic as this may seem, the workers on the manufacturing plant in Colberia also had a stake because Africa had their livelihood tied to the success of AD23. Increased production in that manufacturing plant increased the need for the workers thus putting more money in their pockets....