Merck River Blindness Case Study Ethics
Is one of the largest pharmaceutical companies in the world.
Merck river blindness case study ethics. In 1950 merck was quoted for saying that we try never to forget that medicine is for people. Posted on august 7 2015 by 24sevenwriters. Pest analyses is a widely used tool to analyze the political economic socio cultural technological environmental and legal situations which can provide great and new opportunities to the company as well as these factors can also threat the company to be dangerous in future.
Merck and river blindness. Headquartered in new jersey merck co. For example the company had to decide between profits that are the core of the company s.
Introduction and situational analysis the ethical dilemma in merck and river blindness is whether to pursue research that may or may result in profit or to choose the safe option and go for profit rather than researching the drug. Merck and moral reasoning 3 42. Headquartered in whitehouse station new jersey merc k has over 70 000 employees and sells products and services in approxi mately 150 countries.
O figuring out if the antiparasitic could be used to treat the disease and would cost millions o even ivermectin could be used to treat river blindness all of the people who suffered from the. Merck co inc. River blindness ethical case analysis lennard de jong excelsior college author note this paper was prepared for business ethics ethical case analysis taught by dr.
ü synthesize the facts and issues to make a reasoned decision whether to market the river blindness drug. The antiparasitic ivermectin being used for animals might help for treating river blindness a serious disease in poor countries. ü determine the issues raised in the readings and in your personal observation and study that you will focus on in your case study analysis.
ü examine the ethical issues of the merck river blindness case. Merck and co river blindness ethical case analysis lennard de jong excelsior college author note this paper was prepared for business ethics ethical case analysis taught by dr. Pestel pest analysis of merck and river blindness case solution.
Business ethics case study. Merck and river blindness merck co inc. Is one of the world s largest pharmaceutical products and services com panies.
Ethical dilemma and business ethics a case study of merck and co. Introduction and situational analysis the ethical dilemma in merck and river blindness is whether to pursue research that may or may result in profit or to choose the safe option and go for profit rather. These medications had provided a significant part of merck s 2 billion in annual sales.
In 1978 merck was about to lose patent protection on its two best selling prescription drugs. Ethical theories and their contributions to decision making 16 22 1 1 3. Merck had revenues of 47 715 700 000 in 2001 ranked 24th on the.
