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The Moral Corporation
Merck Experiences

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About the Authors
  • Merck and the pharmaceutical industry are headline news today. Controversies over public safety, prices, and the ability of the industry to develop the new drugs and vaccines that society needs have been covered worldwide. Roy Vagelos, who was head of research and then CEO at Merck from the mid-1970s through the early 1990s, addresses these issues here. Success with targeted research started Merck on a path that would lead to a series of block-buster therapies that carried the firm to the top of the global industry in the 1990s and Vagelos into the top position at the company. Trained as a physician and scientist, he had to learn how to run a successful business while holding to the highest principles of ethical behavior. He was not always successful. He and his co-author explain where and why he failed to achieve his goals and carefully analyze where he succeeded.

    • Offers insight into controversies surrounding the pharmaceutical industry today
    • Engages issues of public safety, prices, and development of the new drugs that society needs
    • Analyzes Merck's successes and failures under Roy Vagelos
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    Product details

    • Date Published: April 2006
    • format: Adobe eBook Reader
    • isbn: 9780511166860
    • availability: Adobe Reader ebooks available from eBooks.com
  • Table of Contents

    1. The puzzle
    2. Professional path
    3. Turn around
    4. New drugs and public safety
    5. Corporate grooming
    6. Winning in global competition
    7. Prices and public interest
    8. Moral leadership
    9. Afterwards.

  • Instructors have used or reviewed this title for the following courses

    • History of American Populisms
  • Authors

    P. Roy Vagelos
    P. Roy Vagelos is retired Chairman of Merck and Co., Inc.; Chairman of Regeneron Pharmaceuticals Inc.; and Chairman of Theravance Corporation.

    Louis Galambos
    Louis Galambos is Professor of History at The Johns Hopkins University in Baltimore, Maryland and the editor of The Papers of Dwight David Eisenhower. He is the coauthor of Networks of Innovation (Cambridge, 1995) and Anytime, Anywhere (Cambridge, 2002).

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