Companies justify the skyrocketing price of the drugs by stating that in order for the company to survive and to be capable of making more of these types of drugs that they have to make some kind of profit, or that they are trying to develop an even better drug that is more effective. I can see where some can understand and agree with these justifications or arguments, because a business cannot run smoothly or effectively if there is no profit. However, because of my morals I have to lean towards the ethics side of the situation and wonder if these companies are taking advantage of the fact that these drugs are a matter of life or death for a patient. As stated in the second video about skyrocketing drug prices, Klyn Elsbury states that she feels like the companies are putting a price tag on her life worth. The fact of the matter is a lot if not most of these patients who need these lifesaving drugs donated money for the drugs research as is the case for the drug Orkambi or Kalydeco, both drug that treat cystic fibrosis. I’m not stating that just because the patients donated money to make this dream of a breakthrough drug a reality that they should expect the drug to be free; I understand that this type of drug will be expensive, but not at the astronomical prices that they are being sold
Companies justify the skyrocketing price of the drugs by stating that in order for the company to survive and to be capable of making more of these types of drugs that they have to make some kind of profit, or that they are trying to develop an even better drug that is more effective. I can see where some can understand and agree with these justifications or arguments, because a business cannot run smoothly or effectively if there is no profit. However, because of my morals I have to lean towards the ethics side of the situation and wonder if these companies are taking advantage of the fact that these drugs are a matter of life or death for a patient. As stated in the second video about skyrocketing drug prices, Klyn Elsbury states that she feels like the companies are putting a price tag on her life worth. The fact of the matter is a lot if not most of these patients who need these lifesaving drugs donated money for the drugs research as is the case for the drug Orkambi or Kalydeco, both drug that treat cystic fibrosis. I’m not stating that just because the patients donated money to make this dream of a breakthrough drug a reality that they should expect the drug to be free; I understand that this type of drug will be expensive, but not at the astronomical prices that they are being sold