26 Feb Imagine X5RL, a pharmaceutical company, develops a groundbreaking, patented treatment for a widespread chronic disease
Imagine X5RL, a pharmaceutical company, develops a groundbreaking, patented treatment for a widespread chronic disease. X5RL sets a high price on the treatment to recover its R&D costs, fund future innovations, and reap profits. However, many patients – especially in low-income regions — cannot afford the treatment due to lack of – or insufficient – insurance coverage. As a result, a significant measure of the population is foreclosed from the lifesaving treatment.
Discuss!
Post a cohesive, substantive paragraph that incorporates the following ; (do NOT list as a “Q & A”):
· Is the public’s financial issue X5RL’s problem? Should it be?
· How can this company integrate CSR principles into its strategy to profit from its IP and also provide equitable access, and what ethical considerations should guide this approach?
· (HINT: Compare GSK and insulin producers in developing your thoughts).
· In your peer replies, please do not simply find a post to “agree with.” Engage in respectful debate and develop an engaged discussion.
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