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Merck Wants Its Money Back if University Research Is Wrong

A drug company says economic sticks, not just carrots, are needed to fix the reproducibility crisis in science.

Antonio Regalado | April 27, 2016

If academic discoveries turn out to be wrong, one drug company wants its money back.
That’s the tough-minded proposal floated today by the chief medical officer of Merck & Co., one of the world’s 10 largest drug companies, as a way to fix the “reproducibility crisis,” or how many, if not most, published scientific reports turn out to be incorrect.
Michael Rosenblatt, Merck’s executive vice president and chief medical officer, said bad results from academic labs caused pharmaceutical companies to waste millions and “threatens the entire biomedical research enterprise.”

"Merck Wants A Money Back Guarantee If Research Results Cannot Be Duplicated." Source: https://www.healthunits.com/merck-wants-a-money-back-guarantee/

<more at https://www.technologyreview.com/s/601348/merck-wants-its-money-back-if-university-research-is-wrong/; related articles and links: https://www.theguardian.com/science/2015/aug/27/study-delivers-bleak-verdict-on-validity-of-psychology-experiment-results (Study delivers bleak verdict on validity of psychology experiment results. Of 100 studies published in top-ranking journals in 2008, 75% of social psychology experiments and half of cognitive studies failed the replication test. Psychology experiments are failing the replication test – for good reason. August 27, 2015) and https://www.healthunits.com/merck-wants-a-money-back-guarantee/ (Merck Wants A Money Back Guarantee If Research Results Cannot Be Duplicated. April 30, 2016)>