Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins

Exercise 37

In 2004, the drug VIOXX was removed from the market by the pharmaceutical giant, Merck Co. The drug was used to relieve arthritis pain and was especially beneficial for patients who needed a medication that was easy on the stomach. But research reports showed there was a risk of strokes and heart attacks after taking VIOXX for 18 months. Evaluate Merck's decision on business and ethics grounds.