Reference no: EM13539644

Merck Pharmaceuticals Industry

Merck pharmaceutical industry, known as the largest pharmaceutical company inside of Canada and United States of America founded in Germany by Friedrich Jacob Merck in 1668 who purchase a drug store and later Emanuel took over the store in 1816. Together with his successors, Emanuel build up a chemical pharmaceutical factory to produce raw material for other preparation and also for pharmaceutical use. Merck & Co in New Jersey was set up in 1891 by George Merck as the US arm of the family partnership who leaved in the United State. In 1917, Merck & Co was confiscated by the national wartime Policy and was re-establish as an independent company. Founded by Alpheus Phineas sharp and Carl Friedrich Louis Dohme in 1845, Merck join with Philadelphia based sharp and Dohme in 1953 and became the largest US drug maker.

Merck is a primary global drugmaker which has a big production on different prescription drugs, also has a many therapeutic classes in the USA and also around the world.

You are required to construct a research paper. The primary purpose of the paper is to:

• Further understand the economic way of thinking and the accounting implications.

• Give you an incentive to think critically about course information.

• Apply economic principles and accounting principles to firms at microeconomic level in the U.S.