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Merck Statement on U.S. Speaker Fees Company Achieves another Milestone in Its Ongoing Transparency Initiative |
WHITEHOUSE STATION, N.J., Oct. 19, 2009 – Today Merck & Co., Inc. said as part of its voluntary commitment to increase transparency the company has started disclosing payments to U.S.-based medical and scientific professionals who speak on behalf of our company or our products. "Our reputation, and the trust that our customers place in us, depend in large part on how we conduct ourselves as a business," said Richard T. Clark, Chairman, CEO, and President, Merck & Co., Inc. "Increasing the visibility of our activities across all aspects of our business will enhance the public’s trust and increase the level of knowledge and understanding of how Merck helps advance medical and scientific education and health care overall." Merck supports a variety of medical and scientific education initiatives for the purpose of helping health care professionals achieve improved health outcomes for their patients. Merck believes that by delivering balanced medical and scientific information to health care professionals, we contribute to this goal. Merck selects speakers, many of whom are considered to be medical or scientific leaders in their field, who have knowledge and expertise in the subject matter on which they will be speaking for participation in our programs. These programs are intended to help attendees achieve improved medical results for their patients and are conducted in compliance with FDA regulations and approved product labeling. The first report covers payments made to speakers in the third quarter (July 1-Sept. 30) of 2009. It provides data for the 1,078 physicians and other health care professionals who participated in Merck speaking events in the quarter. On average, speakers participated in two programs each with the average payment totaling $1,548 per program. Payments being made in the third and fourth quarters of 2009 will be combined and disclosed in early 2010. Data will be reported annually thereafter. More information about our financial support of speaker activities conducted on or after July 1, 2009 is available at http://www.merckresponsibility.com/priorities-and-performance/ethics-and-transparency/transparency-disclosures/home.html. About the Merck Transparency Initiative About Merck |
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