The Moral Corporation
Merck Experiences

Roy Vagelos, Merck's former CEO, addresses controversial issues that turned the pharmaceutical industry into headlines.

P. Roy Vagelos (Author), Louis Galambos (Author)

9780521864558, Cambridge University Press

Hardback, published 10 April 2006

196 pages
23.4 x 15.8 x 2 cm, 0.393 kg

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.

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.

Subject Areas: Pharmaceutical industries [KNDP], Postwar 20th century history, from c 1945 to c 2000 [HBLW3], History of the Americas [HBJK]