and River Blindness cases. Merck ultimately decided to distribute the drug themselves instead of making the patent available for generic use (as suggested in the AIDS case). According to UNICEF, they have donated over 2 billion Mectizan pills and over 80 million people are treated annually. Given that Merck is using corporate funds for this program, is Merck's donation of these drugs morally acceptable? Morally required? Explain. Do Merck's stockholders have any cause to complain when Merck spends
Words: 382 - Pages: 2
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
Words: 2332 - Pages: 10
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
Words: 565 - Pages: 3
Intro River blindness is a disease that mostly affects people living in remote areas near river banks in tropical regions of Africa and Latin America. The disease is caused by a parasitic worm that travels through a black fly that breeds in the rivers of these areas. The black fly bites individuals and worms grow inside of the affected persons skin cause the skin to show unsightly nodules. After the birth of a few worms these worms then multiply inside the affected person and cause intense pain
Words: 526 - Pages: 3
Stakeholders There are many, including employees, stockholders, people with river blindness, the communities where those people live, those with other diseases, governments, the media, perhaps competitors, etc. Cost & Benefit This is difficult, as always, because once again we have no crystal ball. The potential to discover a drug for this terrible disease certainly exists and the company’s research scientists think it is possible. The outcomes for those with the disease would be very positive
Words: 776 - Pages: 4
Ethical Leadership in Organizations Lisa Hunsucker MGT 380 April 19,2010 Leadership is by all means a special talent that not all people possess. A leader must also have ethics to be effective for the long term in the corporate world. These leaders generally implement ethical programs in order to influence an organizations climate (Yukl, 2010). I will evaluate the importance of ethical leadership and the role it plays into today’s organizations. In addition, I will discuss the repercussions
Words: 2372 - Pages: 10
Q1. What are the stakes for Roy Vagelos as CEO and for Merck as a company in deciding whether to invest in Dr. Campbell’s idea? The stakes for Roy Vagelos as CEO would be the high level of risk to succeed, the strong change to have a low level of profitability even after the success, and the advantage of Dr Campbell’s project, less investment needed and government aid in tax. And the stakes for Merck as a company would be the corporate ethic it has pursued and Merck’s need to develop another new
Words: 336 - Pages: 2
be infected – would directly benefit from the cure Merck employees at all levels – profitability and the economic health of the company affects current employees Merck shareholders – inability to profit from the drug might have a negative effect on shareholder’s value, but taking the stand on “doing the right thing” might have a favorable effect on company’s reputation and increase the value of the stock Various healthcare organizations – Merck is one of the leaders in the industry whose actions
Words: 321 - Pages: 2
5. Discuss measures a 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
Words: 924 - Pages: 4
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
Words: 6651 - Pages: 27
