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What is Wrong with “Ethics for Sale”? An Analysis of the Many Issues That Complicate the Debate about Conflicts of Interests in Bioethics

Published online by Cambridge University Press:  01 January 2021

Extract

Bioethics, once a four-letter word in the private sector, is now an integral part of the decisionmaking process of biotechnology and pharmaceutical companies. And bioethicists, once confined to the classroom and limited to abstract, philosophical discussions about what is right and wrong in medicine and medical research, now play an important role in the practical implementation of ethical boundaries. Bioethicists increasingly are hired by biomedical companies as consultants to highlight and help resolve complex ethical issues that arise in the companies’ normal business practices. Whether motivated by profit, reputation, or a genuine desire to act morally, these companies are willing to pay bioethicists substantial consultation fees for their “expert” opinions. This fairly recent phenomenon has caused some to be concerned about the potential for bioethicists to encounter conflicts of interests. Specifically, many critics of this new relationship between bioethicists and the private sector “are concerned about the appropriateness of ethicists who should have broader interests, such as concerns about social justice, serving clients whose primary interest is profit-maximizing.”

Type
Independent
Copyright
Copyright © American Society of Law, Medicine and Ethics 2007

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A general introduction to the fields of law and accounting, including how lawyers and accountants are meant to interact with their respective clients when there is no conflict of interest, can be found in the Appendix of this article. Specific issues concerning conflicts of interests in those fields will be discussed in greater detail throughout the text of this article when such discussion proves useful to the debate about conflicts of interests in bioethics.Google Scholar
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