Genzyme, the maker of Cerdelga, a drug that treats a genetic illness called Gaucher's disease that affects 10,000 people worldwide, has been criticized for charging up to $300,000 for a year's worth of Cerdelga. This is an example of the manufacturer adhering to its

Question

Business

Katelyn Brown

11 June, 23:30

Genzyme, the maker of Cerdelga, a drug that treats a genetic illness called Gaucher's disease that affects 10,000 people worldwide, has been criticized for charging up to $300,000 for a year's worth of Cerdelga. This is an example of the manufacturer adhering to its

+1

Answers (1)

Know the Answer?

Marlee Jimenez · Answer 1

Profit responsibility

Explanation:

The manufacturer is adhering to its profit responsibility. profit responsibility gives us the insight that a company or companies have a primary duty of profit maximization for its owners or stockholders.

Some facts to be considered are:

1. How do these companies recover the costs of doing business. That is how do they make gain from research and development if they give away their discoveries

2. How do stakeholders gain if Cerdelga is being sold at a loss.