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…
Day 1: 8 AM-10 AM: Convene an emergency meeting with your core leadership team. This team includes the heads of Legal, Regulatory Affairs, Medical, Research and Development, Finance, and Communications. Brief them on the situation and ask for their initial input and strategies for managing the situation.Read the full answer
I would not wait six months or wait for the earnings call. An internal signal of liver failure in a widely used drug warrants immediate patient-protection measures and prompt contact with regulators, even while causality and the precise risk are being checked.Read the full answer