River Blindness MERCK AND RIVER BLINDNESS Does Dr. Roy Vagelos or Merck and Co. have a responsibility to pursue R&D for a human version of Ivermectin‚ the drug for river blindness? Lets take this question to a positive evaluation. Developing a drug to combat river blindness has potential costs and benefits. Merck discovered an opportunity to treat millions of infected people around the world but knew that the drug would probably never see commercial use. Investing millions
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Merck and river blindness are a good example for Utilitarianism theory because the results brought happiness for both the company and the people. Utilitarianism is an ethical framework that focuses on the outcomes or results of actions. In fact‚ its name comes from the Greek word Telos‚ which means “end.” The two most influential developers of the utilitarian viewpoint were Englishmen Jeremy Bentham (1748–1832) and John Stuart Mill (1806–1873). Under this framework‚ acting ethically means making
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10/6/2014 Case 3: Merck and River Blindness 1. Why was Merck hesitant about developing a human version of Ivermectin? Merck considered this opportunity as a high risk investment. The cost of developing the drug was estimated at $100 million. Even if it was successful to cure river blindness the victims were too poor to afford the drug. There was no way to distribute it in these rural areas were the victims were located. In addition‚ there was a possibility that people would misuse the drugs‚ which
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MERCK & COMPANY INC Kady Doyle Rudy Hsieh Eunkyung Jun Joey Petrella Mastura Zaini Table of Contents 2 Overview of Merck & Co Inc. 3 Case Abstract 4 History 5 Timeline of Important Milestones 5 Vision Statement 7 Mission Statement 7 Opportunities 9 Threats 9 External Factor Evaluation (EFE) Matrix 9 CPM 11 Internal Audit 12 Strengths 13 Weaknesses 13 Financial Ratio Analysis 13 Company and Industry Performance 14 Internal Factor Evaluation (IFE)
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Shakespearean terms‚ blind means a whole different thing. Blindness can normally be defined as the inability of the eye to see‚ but according to Shakespeare‚ blindness is not a physical quality‚ but a mental flaw some people possess. One of Shakespeare’s most dominant Theme in his play King Lear is that of blindness. King Lear‚ Gloucester‚ and Albany are three prime examples Shakespeare incorporates this theme into. Each of these characters’s blindness was the primary cause of the bad decisions they made;
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Throughout history the Mississippi river has been notorious as being one of the most powerful and iconic river systems in the United States as it stretches from its initial source in Lake Itasca‚ MN‚ all the way down to the Gulf of Mexico‚ carving and cutting paths both old and new as well as periodically wreaking havoc along the way. Since the dawn of mankind it has been traditional that early civilizations migrate towards bodies of water and begin settlement as rivers‚ lakes‚ and streams can provide
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Ethical System Teleka Seh Gwynedd-Mercy College (PHL 2000) Encountering Ethics February 3‚ 2013 Joe Coleman Abstract There are many ways of viewing the ethical system and far too many to even explore. I will give a brief explanation as to how the ethical system is applied both negative and positive. Individuals share different ideas in reference to what is right or wrong and if communities differ and can’t seem to compromise then they have different ethical system and
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ETHICAL SYSTEM DEFINITION SLOGAN STRENGTHS WEAKNESSES EXAMPLES IN APPLICATION Subjectivism The doctrine that knowledge is merely subjective and that there are no objective moral truths. “It’s either my way or the highway.” You learn to trust yourself in your decision-making. You are not prepared to learn from the experiences of others (from which wisdom is derived). People around the world have different views‚ some of which are influenced by personal tastes‚ feelings and opinions
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What is presented in this statement is the fact that Nurse Rivers did not endorse the questioning of the physicians in charge. Although she took orders and did what she was told by the doctors she failed to carry out the responsibility that she was given as both an intelligent human being and as a nurse. Whatever Rivers did to be considered to be immoral and unethical because of her inaction during this study‚ it must be taken into account the era in which she was practicing. This was taking place
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price the company wants to put on their drugs (price needs to be reasonable Economic Factors - Company growth‚ inflation rates‚ can affect Merck’s performance - Company globalization is a major opportunity for Merck - Social Factors - Very ethical company - Operate openly and they try to be a company full of integrity - Safeguard individual privacy through a global privacy program Technological Factors - Leading biotech innovator - Ahead of other companies in developing new drugs‚ try
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