Another idea is to change their name and start with a new, clean reputation. It may also be helpful for Merck to merge with another company that has a high standing with the public, to help regain trust. Showed first 250 characters
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In the news recently, many different companies have been recognized for their unethical practices in their company and towards the public. One of these companies is the FDA and Merck. The FDA, the Federal Drug Administration, is one of the most trusted companies in the pharmaceutical market... Showed next 250 characters
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In 1979, Dr. William Campbell, a research scientist working for Merck and Company, discovered evidence that one of the company’s drugs might kill the parasite that causes river blindness...
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Merk and the vioxx issue
Vioxx was introduced in 1999. Almost immediately reports started pouring in about patients having complications while taking the drug, such as heart attacks, strokes, and congestive heart failure...
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Merck's product line includes a broad portfolio of highly innovative prescription products in important therapeutic areas. Human health products include medicines to help treat high blood pressure, congestive heart failure, elevated cholesterol levels, osteoporosis, benign prostatic hyperplasia, arthritis, pain, migraine, glaucoma, gastrointestinal ulcers, emesis, antibiotic, antifungal and antiviral agents, and vaccines to help prevent childhood diseases, pneumonia and hepatitis A and B...
Vioxx and Merck & Co.
The painkiller Vioxx was introduced in 1999 by Merck & Co. It has been used by over 20 million Americans since it was put on the market. Vioxx remained on the market for approximately five years without adequate warnings about its risks...
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Merck&Company: Evaluating a Drug Licensing Opportunity
Merck would be responsible for
1) the approval of Davanrik
2) the manufacture of Danavrik
3) marketing of Danavrik
Merck would pay LAB for
1) initial fee
2) royalty on all sales
3) make additional pymts as Danavrik completed each stage of approval process (3 Phases)
approval process should take 7 years
patent will cover 17 years (7 of approval process nad 10 yr period of exclusivity beginning in yr 7)
All Cash flows are expressed as after tax present values discounted to time zero, including capital expenditures
At any point "failure," investment decision is to stop funding
Assuming Standard deviation of 0...
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Corporate Responsibility at Merck
The decision to move forward with the program to donate the new drug Mectizan on a large scale to the affected population in the Third World needs to be systematically analyzed...