Merck and Co. and river blindness MANUEL VELASQUEZ, Business Ethics. Concepts and cases 4th edt., Prentice Hall, Upper Saddle River, New Jersey, 1998 River blindness is an agonizing disease that affects some 18 million impoverished people living in remote villages along the banks of rivers in tropical regions of Africa and Latin America. The disease is caused by a tiny parasitic worm that is passed from person to person by the bite of the black fly which breeds in river waters. The tiny worms
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B. Ethical Reason C. Strategic Reason III. Types of Corporate Responsibility A. Economic Responsibilities B. Legal Responsibilities C. Ethical Responsibilities D. Philanthropic Responsibilities IV. Triple Bottom Line and Environmental Sustainability V. Is Socially Responsible Business Good Business? A. The Benefit of a Good Reputation B. Socially Responsible Investors Reward Social Responsibility C. The Cost of Illegal Conduct
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Merck & Company Project Selection Decision Introduction As Merck & Company’s lead project manager I have to decide whether to invest its resources in one of two projects. One project is to pursue a cure for river blindness, a disease that has plagued third world countries for a number of years now and the second project is to re-package a very popular and profitable anti-depression drug for the Western market. In this concise report I plan to look at both options through SWOT analysis
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history, stories? * Merck & Co. Inc. which is a the largest producers of prescription drugs has created a medicine called Ivermectin for treating animals for such as horses, sheep’s, pigs and others against many intestinal worms, mites, ticks and insects. While they were doing clinical testing Dr. William Campbell who is a researcher found out that it was effective against a parasite in horses that was similar to the parasite that causes river blindness. * River blindness is cause by a tiny
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Merck and River Blindness Felicia Wiggins and Julie Helling PHL 323 July 16, 2012 Dr. John Rhome Merck and River Blindness Merck Company researches and develops medications for human and animal use, to improve health and well-being. Merck is a business, driven by fundamental values motivated by a desire to improve human life, accomplish scientific quality, operate with the highest standards of integrity, expand access to Merck products and employ a varied staff that values teamwork (Merck
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which is also known as “river blindness”, an insect-borne disease, caused by a nematode worm , Onchocerca volvulus affecting both a person’s skin and eyes and is transmitted to humans by the bite of blackflies. Symptoms of this disease range from irritating and intense itching, to disfiguring dermatitis and skin and eye lesions, and ultimately can lead to sight impairment and blindness. Onchocerciasis has been classified as the “second leading cause of infectious blindness” (Water Related Diseases
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company might take to lessen its political vulnerability. Companies investing in foreign countries can minimize the political and economic risks by: a. establishing a management of peoples from host country. b. employing nationals, c. selling stock in the company to nationals, d. sharing the profits and earnings in a fair manner, e. understanding the traditions of the people in the host country, f. having the national work with you, not for you. Forcasting political
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profits for the pharmaceutical industry. Although late adaptors to the “change”, unlike the banking and retail industries, pharmaceutical have been impacted as well and in order to stay competitive must make some serious changes (Goodman, 2008). Merck & Co., Inc is one of the top-tier drug makers. This corporation faces the multiple issues and challenges pertinent to pharmaceutical industry. This paper provides an overview of existing change models in within the framework
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Examining the Ethicality of Airborne’s Marketing Strategy Patrick Legendre Business Ethics Prof. Martin Wednesday, October 16, 2013 I. Case Overview Dietary Supplement Industry The growing dietary supplement industry, which includes the hundreds of weight loss and immune support supplements on the market, grosses approximately $20 billion annually (Burke). As established by the Dietary Supplement and Health and Education Act of 1994 (DSHEA), these supplements are not required to undergo
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information, please visit us at www.pearsonhighered.com or contact your Pearson representative at www.pearsonhighered.com/replocator. C H A P T E R 1 Ethics in the World of Business Listen to the Chapter Audio on mythinkinglab.com CASE 1.1 Explore the Concept on mythinkinglab.com Merck and the Marketing of Vioxx On September 30, 2004, Merck & Co. announced the withdrawal of Vioxx, its highly profitable pain reliever for arthritis sufferers, from the market.1 This announcement
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