it isn't OK because it is a human (whether created in vitro, or born al natural) - humans are granted human rights (by other humans, out of self-interest i might add) which ostensibly prevent such things from happening to them. That is why slavery is against human rights.
Is it okay by extension to eat/do research on/torture on a human baby that was created in a lab and was came to term without a mother, but in vitro?