Profits Over Patients: The Morally Complex Realm of Big Pharma
Updated
This strategy dissects the dual nature of big pharmaceutical firms like Johnson & Johnson, Pfizer, Moderna, and Merck & Co viewed through base Fibonacci Extension Clustering. Despite big pharma's significant contributions to healthcare, these firms have benefited from questionable practices, including price manipulation and exploiting addictions. Price manipulation is a notorious strategy where companies arbitrarily hike drug prices, often without any significant improvements in their efficacy.
"Big Pharma" has faced backlash for allegedly contributing to the opioid crisis. By aggressively marketing highly addictive pain medications, they may have exacerbated a public health catastrophe, leading to thousands of deaths annually.
Such practices illuminate the immoral landscape of the pharmaceutical industry. While these firms play a vital role in global healthcare, their business tactics often prioritize profits over patients, demanding a closer scrutiny of this sector's ethics.
1. Johnson & Johnson (JNJ): Around $440 billion
2. Pfizer Inc. (PFE): Around $240 billion
3. Moderna Inc. (MRNA): Around $110 billion
4. Merck & Co., Inc. (MRK): Around $200 billion
TOTAL = 1 Trillion
"Big Pharma" has faced backlash for allegedly contributing to the opioid crisis. By aggressively marketing highly addictive pain medications, they may have exacerbated a public health catastrophe, leading to thousands of deaths annually.
Such practices illuminate the immoral landscape of the pharmaceutical industry. While these firms play a vital role in global healthcare, their business tactics often prioritize profits over patients, demanding a closer scrutiny of this sector's ethics.
1. Johnson & Johnson (JNJ): Around $440 billion
2. Pfizer Inc. (PFE): Around $240 billion
3. Moderna Inc. (MRNA): Around $110 billion
4. Merck & Co., Inc. (MRK): Around $200 billion
TOTAL = 1 Trillion
Note
Each of these stocks has seen an astonishing increase of at least 1500%. However, this financial success often casts a shadow over the ethical dilemmas intrinsic to these companies' operations. The principle of "profits over patients" comes into sharp focus when considering the tactics often used to secure these profits, such as high drug pricing, alleged exploitation of addictions, aggressive patent protection, and marketing strategies that may prioritize sales over patient welfare.
Note
This perspective invites us to critically question the morality of such gains and encourages a dialogue about balancing profitability with ethical considerations in the pharmaceutical sector. It underlines the importance of holding these companies accountable and pressing for more responsible business practices that prioritize patient wellbeing alongside financial growth.
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