How to Sign In
Management In the News Blog
cancel
Showing results for 
Search instead for 
Did you mean: 
X
Pharmaceutical CEO Put the Spotlight on Drug Prices
58 Views
0 Comments

Pharmaceutical CEO Put the Spotlight on Drug Price...

 Martin Shkreli, former Turing Pharmaceuticals CEO, was just convicted and sentenced to seven years in prison for defrauding investors. But, before he was convicted of defrauding investors, he was referred to as "the most hated man in America" and "Pharma Bro" for raising the price of a prescription pill from $13.50 to $750. In the video above, he said that his primary duty was to make profits for his shareholders. However, many are concerned about the price of drugs. CNBC reported that a choked-up Shkreli told a judge before she imposed the prison term in Brooklyn, New York, federal court, "The one person to blame for me being here today is me."

  •  Should a company care more about people than profits? Explain.

Profit Photo credit: CreditDebitPro on Visualhunt / CC BY

 

Another way to explore this topic with students is to ask them to consider how harmful they think certain drugs are. Here's an activity you can use in which your students have to reflect on where they stand regarding different drugs. (Note: you must be a member to access this activity. Not a member? Learn how to register for the community!)

How to sign into the community