By David L. Finegold, Cecile M Bensimon, Abdallah S. Daar, Margaret L. Eaton, Beatrice Godard, Bartha Maria Knoppers, Jocelyn Mackie, Peter A. Singer
''Biotechnology and pharmaceutical businesses are frequently pushed through revenue targets, however the case experiences in Bioindustry Ethics express that this can be more and more now not on the cost of moral integrity. ...lend[s] vital insights to different executives and pros who could be constructing their very own practices and policies.'' - GENOMICS & PROTEOMICS (August 2005)
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Extra info for BioIndustry Ethics
We’ve applied for approval everywhere in the world we can get it, but we can’t make these governments go faster. MSF didn’t reply to my fax, but instead sent a letter directly to our CEO protesting that we hadn’t done more to get approval around the world and issued a press release with their allegations. I think they got almost everything within it wrong. The Journal then ran a story that got most of the facts right. THE BOARD OF DIRECTORS One of the key factors that has allowed Merck’s management to sustain its longterm focus on charitable programs has been the composition and structure of its Board.
We want them to do the latter. This combination of extensive internal data gathering and external benchmarking ultimately resulted in the drafting of Merck’s first Code of Conduct, entitled Our Values and Standards: The Basis of Our Success, together with the design of an accompanying training program. The new 25-page Code, translated into 27 languages, was launched in 1999. 12 To emphasize its importance, Merck conducted a carefully staged roll-out of the new Our Values and Standards, in which the firm’s most senior leaders discussed the new Code with their employees and made all employees aware of the toll-free 800 number they could use to contact the Ethics Office.
The ultimate outcome I wanted was a two-way dialogue between industry and government, but I wasn’t sure how to pursue the idea. A colleague at the Foundation suggested he contact the ERC, which agreed to partner with Merck. With financial backing from the Foundation, they have now helped to establish four ethics centers around the world, beginning with the United Arab Emirates (UAE) in 1998, followed by South Africa in 2000, Colombia in 2001, and Turkey in 2003. ”11 “We started with the UAE,” said Khalil, “because like Botswana (for the AIDS initiative) we wanted a demonstration project with a high likelihood of success.