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Drug Trials One Of The Term Paper

By upholding Western standards of ethics for drug trials, a company will not only meet its ethical obligations but will also ensure a higher standard of research. Clinical trials in emerging markets will still be cheaper than in Western markets, because the research staff will earn less, and because payouts to test subjects can be adjusted for living costs without violating ethical norms. Also, because standards provide structure, the quality of the research will be improved by applying Western standards in lieu of local standards. Thus, the strongest ethical case lies for managing drug trials in emerging markets much as they would be managed in the West. The trials need to meet the specifications of the FDA anyway, and even with Western standards the cost of foreign drug trials will be lower. Additionally, when the drug company is free from the perception of ethical violation, not only will the results seem stronger, but the company will not face criticism in the home market from activist groups. The...

Not only is it good ethical practice to adhere to a consistent ethical standard throughout the company no matter where it operates, but the improved quality of the results will benefit the company as well.
Works Cited:

Rettue, P. (2012). Clinical trials in emerging economies- challenges and opportunities. Medical News Today. Retrieved November 10, 2012 from http://www.medicalnewstoday.com/articles/246778.php

Singh, K. (2012). Lack of compensation norms for clinical trials results in exploitation of poor patients. The Economic Times. Retrieved November 10, 2012 f rom http://articles.economictimes.indiatimes.com/2012-08-21/news/33303228_1_clinical-trials-drug-trials-trial-victim

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Works Cited:

Rettue, P. (2012). Clinical trials in emerging economies- challenges and opportunities. Medical News Today. Retrieved November 10, 2012 from http://www.medicalnewstoday.com/articles/246778.php

Singh, K. (2012). Lack of compensation norms for clinical trials results in exploitation of poor patients. The Economic Times. Retrieved November 10, 2012 f rom http://articles.economictimes.indiatimes.com/2012-08-21/news/33303228_1_clinical-trials-drug-trials-trial-victim
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