ADM 1101 Lecture Notes - Lecture 4: Merck & Co., Onchocerciasis, Corporate Social Responsibility
15 May 2016
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Document Summary
Merck: one of the largest prescription drug manufacturers in the world that made 2 billion $ in annual sales. Merck is one of the leading pharmaceutical companies. It could also formulated to treat humans infected with parasites. At press conference on oct. 27th, 1987, merck & co. announce it would supply mectizan, its new drug for the treatment of river blindness, to everyone who needed it, for as long as it was needed, for free, forever. Since 1987, more than 1. 4 billion treatments. In 2000, expanded program to treat elephantitis(lf) -more than 1. 2b treatments. In 2014 alone, 109. 6m treatments in 25 countries (onchocerciasis); 218m treatments in 18 countries (lf) Prevents 40,000 from going blind every year. The fundamental csr debate: for csr and against csr. Csr prevents public criticism and government regulation. Csr is good for the bottom line. Addressing social problems can become financial opportunities (i. e. pollution abatement). Social actions improve public image and goodwill.
