OmniChem Corporation applies for a patent for a certain chemical compound.Meanwhile,OmniChem licenses its products,including the compound,to Pharmo,Inc. ,which uses the compound to make an anti-cancer prescription drug.Under the terms of the license,Pharmo agrees to pay royalties on OmniChem's "patented" products.When a patent is granted on the compound,OmniChem asks Pharmo to pay royalties on the sales of the anti-cancer drug or stop selling it.Pharmo files a challenge to the validity of OmniChem's patent.Both firms assert their claims less from an interest in profit than a belief in the "rightness" of their respective causes.This position might arguably be
A)illegal.
B)optimal.
C)socially irresponsible.
D)unethical.

Question

Quizplus · Accepted Answer

The position might be considered socially irresponsible because both firms are prioritizing their beliefs over potential social benefits, such as the availability of a potentially life-saving drug.

OmniChem Corporation Applies for a Patent for a Certain Chemical