The case of Blindness of Merck is one of the good examples‚ which can be used to analyse the four theories of ethic such as Utilitarianism‚ Kantianism‚ Rights and Justice as well as CRS. This essay will be focus on Utilitarianism theory. River blindness is a disease that afflicts around 18 million peoples in Africa and Asia. It is the result of black fly’s bite. Merck is a pharmaceutical company located in New Jersey which is known for productivity of research and development effort. In the
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Stake for Vagelos as CEO and for Merck as a company in deciding whether to invest in Dr. Campbell’s idea Although Dr. Campbell’s idea of a drug (Ivermectin) that could cure River blindness was a path-breaking opportunity for Merck‚ the company was faced with a number of ethical‚ financial and moral issues that forced its CEO to undergo deep thought and contemplation before investing in this idea. * Feasibility: There were concerns about the use of this drug on humans and the potential adverse
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How many can you list? On what basis would you rank them in importance? The stakeholders in the Merk case is the people infected with river blindness‚ the community affected by river blindness‚ the employees of Merk‚ the company itself‚ and the Stockholders. In order of importance: 1. The infected people 2. The company 3. Stockholders 4. The employees 5. Community affected by river blindness What are the potential costs and benefits of such an investment? The Scientists were encouraging Merk
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Introduction to the Case First established in 1668 in Darmstadt‚ Germany‚ Merck is currently (in 1978) one of the largest prescription drug producers in the world. After coming off a 10 year drug drought in the late 1970s‚ Merck put a large amount of money into research to continue its dominance in the prescription drug industry. The research-first approach worked and since then Merck has increased sales significantly. Merck’s mission was well stated by founder George W. Merck. “We try never to
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Merck was at the top of the pharmaceutical market for many years. The company made substantial profits almost every year. Not only were they a company that made money but they also made their financial gains in an ethical manor. Fourton magazine even named them the “most admired” company. But in 2004‚ the company would be faced with major challenges that would threaten to end the company’s existence. Their once best selling painkiller Viol had been recalled by the federal government because the drug
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| Merck & Company Inc. | Case 1 | | | Introduction of the Company Merck was established in 1891 to improve human and animal health through the development of innovative products. Merck currently has two reportable segments‚ the Pharmaceutical Segment and the Vaccines and Infectious Diseases Segment. Merck sells products through several channels including wholesalers‚ retailers‚ hospitals‚ clinics‚ government and managed health services providers. In the 1980’s the Merck was very
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Merck & Co. Executive Summary Case Study Goal The goal of this case study is to examine the current operations of Merck & Co. Inc. and determine areas of potential concern‚ evaluate the effectiveness of the current business model‚ and propose a plan of action to grow Merck & Co. Inc. to be the largest pharmaceutical company in the world. Methods of Analysis This case study will strive to identify areas of concern and opportunity‚ offer solutions‚ and make projections based upon historic data
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1.0 Introduction Merck & co also know as Merck Sharp & Dohme‚ MSD outside the United States and Canada. Merck is known internationally as an American pharmceutical giant. In 1668‚ in Germany‚ a drug store had been purchased by Jacob Friedrich Merck fom whom it originates and later on Emanuel Merck had taken over the store in 1816. Merck is not only one of the largest pharmaceutical companies but also has published many series of medical reference books. Merck had always been admired worldwide for
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decision (not covered in class?) Based on the pyramid of social responsibility‚ Merck is required to be profitable (base). Since the research of development will never be profitable to shareholders Merck should do develop the drug. Based on Merck’s actual value system‚ it wants to be ethical and even be a good corporate citizen. So Merck should conduct the research. Question 8 - If you were the senior executive of Merck‚ what would you do? (Open question) I would make assessment of the potential costs
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Case Study: Merck Acquisition of Medco Professor Daniel Weiss FI561 January 23‚ 2011 Case Study: Merck Acquisition of Medco Abstract The purpose of this case study is to determine whether it would be beneficial to merge Merck Corporation with Medco Containment Services Incorporated. The merger and acquisition between the world’s largest drug manufacturer and the largest prescription benefits management company (PBM) and marketer of mail order medicines in the United States would result
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