• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Merck & Co.

Extracts from this document...

Introduction

Merck & Co., (A) Case analysis In 1978, Dr. P. Roy Vagelos, head of the Merck research labs, was faced with an ethical dilemma whether to invest in research for a river blindness disease drag. Main parties involved in this ethical dilemma are Roy Vagelos and millions of poor people infected with parasite or being at risk to be infected. Roy Vagelos has a corporate economic concern to raise the profitability of the company by means of new products (drags). However, Vagelos has a concern that the research of the river blindness drag would not be economically beneficial, as the disease mentioned above is so rare and the infected people ...read more.

Middle

Millions of infected (or at risk to b infected) people have a concern to have access to a drag, which would kill the parasite without bad side effects. Possible alternatives for Dr. Vagelos actions are: 1) Fund the research toward a treatment for river blindness 2) Don't fund the research toward a treatment for river blindness 3) Fund the research toward a treatment for river blindness only in case of support by the Government or international aid organizations As far as the question of funding or not funding of the research is considered, I would recommend Merck & Co. ...read more.

Conclusion

Though it is assumed that the economic validity of the project is equal to zero, it would probably bring money after being success, as the company's experience of many years has shown. The probability that international aid organizations would fund the project at the research stage is small because of high risk (thus, alternative 3 can be omitted), but they are likely to buy the drug for millions of poor infected people in case of the project success. Besides, undertaking that humanistic project would probably have a good effect on the reputation of the company. The image of "carrying" company would gain the trust of more people, who would probably turn to the products of Merck &Co. Thus, I recommend Dr. Vagelos to follow the firt alternative of action. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. The main purpose of this research is to know and analyze whether the Olympic ...

    types such as the experimental research type and the non-experimental research type. The specific research design is been selected depending upon the type of the research problem within the research process. The experimental research design is more useful and well suited for the different types of the projects that will

  2. Business plan for international restaurant on campus

    Such information can improve the existing service, hence the value of the business. Finally, data/information collection can be used to predict competitors' actions. Organisations can use the collected data/information to improve their marketing strategy in order to retain and attract more customers.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work