I have argued that the people who invest in Merck have a huge stake in what the company does but part of the investment process is doing due diligence and research to make sure you are comfortable with how a company operates.
With so much room for failure it became especially important for drug companies to have sophisticated research managers who could identify the most productive research strategies. Final approval on research was not made, however, until the head of research met later with a committee of scientific advisors.
While I might have gone a different direction if I was making decisions for Merck, it is obvious from all my research that this program is helping millions of people each year. Both utilitarianism and consequentialism support providing her drugs to the community because maximum happiness, while at the same time saving the comunity from extinction.
The worms multiply into the hundreds of thousands, causing severe itching that leads victims to tear at their own skin and in its severest form leads to visual impairment and eventual blindness. Positive public reaction to charitable act. NoneFocus resources on other drug lines could result in higher profits, increasing stock prices.
We have to remember that not all investors are rich billionaires like Warren Buffet, some are average, working class folks who rely on their investment income to help them survive. Moreover, they were inspired to think of their work as a quest to alleviate human disease and suffering worid-wide.
InMerck was testing ivermectin, a drug for animals, to see if it could effectively kill parasites and worms. Dermatitis Onchocercal dermatitis is caused by the microfilarial stage of the parasite.
During this clinical testing, Merck discovered that the drug killed a parasite in horses that was very similar to the worm that caused river blindness in humans. The stakeholders, in my opinion are: Within certain proprietary constraints, researchers were encouraged to publish in academic journals and to share ideas with their scientific peers.
Skin lesions usually consist of a nondescript maculopapular rash with secondary excoriations, scaling ulcerations and lichenification, and mild to moderate lymphadenopathy. Wallen, is dedicated at WHO headquarters in Switzerland.
Does Merck invest precious resources both time and money into testing and developing a drug that will not increase their profits? These people have voice in what Merck chooses to do but at the same time they are the reason that Merck is in business in the first place.
Would any human version of ivermectin distributed to the Third World be diverted into the black market, undercutting sales of the veterinary drug? Eyes Nodules The subcutaneous or deeper nodules onchocercoma that contain adult worms may be visible or palpable but are otherwise asymptomatic.
On the Merck website, I found this listed first among their Values: Palpable nodules or deep nodules detected by ultrasonography or MRI can be excised and examined for adult worms, but this procedure is rarely necessary.
We also work to improve animal health. Or should Merck invest the resources knowing that their work, while not profitable, has the potential to save millions of lives and end the suffering of tens of millions more?
Never the less, business ethics has becomes an annex of the community and the company to the extent that business ethics has become an element of corporate social responsibility. Both Campbell and Vagelos knew that it was very much a gamble that it would succeed.
Jobs lost due to loss of capital. There was, however, no U. These samples seemed novel and the researchers hoped they might disclose some naturally occurring antibiotics. In this case, if Merck had decided not to pursue the research and the CEO stood up and explained that the reason was because they had an obligation to their shareholders to focus on developing products that would be profitable, he would have been right due to the professional expectations of his office.
I find it ironic that there would have been a huge public outcry from the very people who support cultural relativism if Merck had decided to stop testing and not develop the drug. Merck must make decisions that do not recklessly jeopardize the future of their employees.
Resources are finite, so dollars and time have to go to projects that hold the most promise in terms of making money to ensure the company continues to exist as well as of alleviating human suffering.
In desperate efforts to escape the flies, entire villages abandoned fertile areas near rivers, and moved to poorer land. Merck devotes an entire section of their website to Corporate Responsibility and they have detailed information on the initiatives they support.
Neither position would be wrong regardless of the outcomes because both courses of action were guided by the best intentions of their leadership. While Merck executives sometimes squirmed when they quoted the "unbusinesslike language" of George W.
Merck must make decisions that do not recklessly jeopardize the future of their employees.
Influx of cash allows us to expand other projects. Merck and River Blindness Onchocerciasis, known as river blindness, is caused by parasitic worms that live in the small black flies that breed in and about fast-moving rivers in developing countries in the Middle East, Africa, and Latin America.
Also known as elephantiasis, LF results in disfiguring swelling in the limbs and genitals.Merck and River Blindness Essay Merck and River Blindness (Onchocerciasis) In understanding the decision Merck made to donate medicines, we need to start by understanding the motivations and core values behind the.
Section 1: Introduction and Situational Analysis Onchocerciasis, known as river blindness, is caused by parasitic worms that live in the small black flies that breed in and about fast-moving rivers in developing countries in the Middle East, Africa, and Latin America - Merck and River Blindness introduction.
The disease, if untreated causes extreme.
Aug 07, · Ethical dilemma and business ethics- A case study of Merck and Co. and river blindness August 7, 24sevenwriters Uncategorized 2 Comments. Introduction. The main ethical dilemma in the article is a conflict of values especially profitability and ethical practices.
For example, the company had to decide between profits that are. merck helps vanquish river blindness By: Patti Strand Date: 01/27/ InMerck & Company began a plan to donate its drug Mectizan to tropical nations suffering from river blindness, a debilitating parasite-borne disease that can infect millions of people annually.
River blindness, formally known as onchocerciasis, was a disease labeled by the World Health Organization (WHO) Merck & Co., Inc.
was, inone of the largest producers of prescription drugs in the world. Headquartered in Rahway, New Jersey. A year partnership between the WHO, the World Bank, African governments, pharmaceutical firms and over 30 development partners protects million people a year from river blindness in 31 African countries.Download