Merck Vioxx Recall Essay
MBA 520-D4C2 Ethics & Leadership in a Global Environment
April 22, 2012
Merck and Vioxx Recall
Did Merck act in social and ethical manner?
In 2005, Merck was ranked fourth in sales among pharmaceutical companies. Merck had released the drug Vioxx, for treating Osteoarthritis in late 1990. Merck as a company has a reputation of being one of the most ethical and socially responsible drug company established. The company’s Philanthropy was “Legendary” (Lawrence & Weber, 2011). A quote from George Merck, CEO, stated “We try never to forget the medicine is for the people. It is not for the profits. The …show more content…
What could Merck have done differently?
Merck had already had a long-standing reputation for its ethical practices and decisions. That means that the company most likely focused on the quality of the product before putting it on the market, as opposed to focusing solely on a product that will generate millions of dollars. If Merck would have more time, and consequently more money, on developing a product that didn’t have so many warning signs at the very beginning of its developmental stages, then it wouldn’t have had to lose much more money by recalling all of the Vioxx that had already been on the market. Additionally, Merck would have been able to save itself more costly damages due to lawsuits if the warning