Merck pharmaceuticals and river blindness ethical dilemma
Inthe World Health Organization estimated that overpeople were blind because of the disease and another 18 million were infected. The better we have remembered that, the larger they have been.
What ethical judgment did merck
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. John Doorley, the executive director of corporate communications for Merck, said the drug would be distributed by Merck with the advice of a review board to be established by the company and the World Health Organization. According to the Merck website, since , Merck has donated more than 2. In , Merck was about to lose patent protection on its two best-selling prescription drugs. Essay Topic: 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. February 10, Applying Ethics to the Merck Case The purpose of my essay is to show whether the business decisions made by the management team of Merck pharmaceutical are ethical. The difference is that not only are they invested professionally; the management team has been given stewardship over the Merck brand and corporate identity.
Meanwhile the patients of this disease are obviously living in remote areas in poor countries. 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.
To preserve these articles as they originally appeared, The Times does not alter, edit or update them. In Burkina Faso, where ivermectin has been under field trials, officials said the program's success had resulted in a virtual land rush as abandoned villages were repopulated.
Merck pharmaceuticals and river blindness ethical dilemma
Public confidence crashes. Indeed, the testing was risky because there was no actual record that Ivermectin can cure the river blindness before. The shareholders also might be thinking that even if they gain any profit, the Break-Even Point BOP will take years or even decades because Merck invested too much money but they sell it for free, and the benefits that Merck can gain is probably only tax benefits so they conclude it will be a total loss for the company at that time. Using the chart above, we would look at how the benefits and harms balance out to maximize the benefit for society. River blindness is a decease found in developing countries that causes suffering in humans and can lead to blindness. The case studies are found in the text near the end of the given chapter. Cure for disease increases standard of living. They may set aside their responsibility and ethical issues in doing their business because they want to maximize their production as well as reducing its cost. Stakeholders which include employees, society, customers, suppliers, the surrounding community, and others. Merck is using their ethical behavior as competitive advantage to attract more customers. Profits, however, were never all that Merck cared about. By doing social responsibility, a company is expected to accept stakeholder theory. In , the disease had no safe cure. Kennedy, Democrat of Massachusetts, said at the news conference. Bill Campbell and Dr.
In profitability matter, it is obvious that Merck will experience loss because no one wants to buy their drug. 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.
Especially nowadays customers are getting smarter to choose a company that active in social responsibility.
The only measure being taken to combat river blindness was the spraying of infected rivers with insecticides in the hope of killing the flies. Vagelos said Merck decided to make the drug, Mectizan known generically as ivermectinavailable without charge because those who need it the most could not afford to pay for it.
River blindness drug
These non- financial benefits that Merck got from their decision is making them as the biggest pharmaceutical company in the world now. Studypool values your privacy. How many can you list? Being an ethical company does not mean that the company will lose their profit. February 10, Applying Ethics to the Merck Case The purpose of my essay is to show whether the business decisions made by the management team of Merck pharmaceutical are ethical. Loss of respect for Merck leadership. 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. One of them is to show social responsibility toward the society. For this group, the impact must be looked at in light of how the development of a drug that will most likely be given away for free affects the return on their investment. They were all based on hypothesis in which they fortunately succeed.
Merck is using their ethical behavior as competitive advantage to attract more customers. 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.
Merck decision to pursue ivermectin for river blindness was:
The worms can grow to almost two feet long and can cause grotesque growths on an infected person. In this situation, those patients are not directly engaged in business activity but they can affect how the world sees Merck by their actions. Taken orally, the drug paralyzes and sterilizes the parasitic worm that causes the illness, Merck officials said. The ethical dilemma represented by this situation is focused on what course of action Merck should take. Stakeholders which include employees, society, customers, suppliers, the surrounding community, and others. When CI identified coffee as an important commodity affecting biodiversity, it launched a pilot conservation coffee program in organized around three co-operatives, located in the buffer zone of the El Triunfo Reserve in Chiapas, Mexico. Positive public reaction to charitable act. We will write a custom essay sample on Merck and River Blindness or any similar topic only for you Order Now Does Merck invest precious resources both time and money into testing and developing a drug that will not increase their profits? In , Merck, while testing invermectin a parasite killing drug for animals , found that invermectin killed a parasite similar to the one that caused river blindness.
Loss of job. Chance to contribute to a worthwhile cause.
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