Ethical Dilemma with Stakeholders
You're the CEO of a pharmaceutical company. Your best-selling drug ($2B annual revenue, used by 4 million patients for chronic pain) has…
48-HOUR CRISIS ACTION PLAN: ETHICAL, LEGAL, AND FINANCIAL RISK MANAGEMENT HOURS 0-1: IMMEDIATE ASSESSMENT & CRISIS TEAM ACTIVATION Actions: Activate Crisis Management Team (CMT): CEO, Legal Counsel, Medical Director, Head of Regulatory Affairs, Head of PR, CFO, Head of HR Secure all data related to liver failure cases…Read the full answer
Decision: Do not wait. I disclose now. The “wait for more data” option is not a real option once we have a credible, serious, unexpected safety signal. Waiting 6 months would mean knowingly continuing to expose 4 million patients to a risk we already know about, while also creating far worse legal, regulatory, and…Read the full answer