We need to work together to fairly assess and improve the long-term economic and health value - and affordability - of all components of the healthcare system, including hospitalizations, drugs, devices, and other interventions, to optimize our health investment decisions.

Kenneth Frazier

The business of biomedical research is mostly about failure. Few projects we commission will ultimately result in success. But every study we do contributes to the body of knowledge that brings science and society closer to a solution.

Kenneth Frazier

While a fundamental responsibility of business leaders is to create value for shareholders, I think businesses also exist to deliver value to society.

Kenneth Frazier

My legacy is that Merck continues to do what Merck has always done, which is to make singular impact on human health and animal health around the world. It's that simple.

Kenneth Frazier

Affordability is critical so that patients have access to medicines. At the same time, it's also important that we have the kind of incentives that allow us to do the kinds of studies that we need to do to go after these diseases like Alzheimer's.

Kenneth Frazier

I do worry that as we try to fix this long-term debt and deficit situation that we don't destroy the market incentives for biomedical research. What I fear is the government using its considerable clout to say, 'Here's the price we're setting for your medicines.'

Kenneth Frazier

My father was born in the year 1900 in South Carolina, and he grew up at a time where being an African-American child in the American South was to be deprived of access to anything close to a reasonable education. He only had three years of formal education, but he was self-taught. He read two newspapers a day.

Kenneth Frazier

Most of my diversity conversations are had with the majority population, because frankly, those people are the people who have the most influence over everybody's career.

Kenneth Frazier

You either innovate or you become defunct.

Kenneth Frazier

Institutions are what allow us to have continuity in civilizations.

Kenneth Frazier

I support tax revenue increases, including the top 2 percent, but only if accompanied by responsible spending limits. The key is balance.

Kenneth Frazier

In my house, education was the paramount value. And if you grew up in a neighborhood like mine, you were forced to decide early on what you stood for in life, because there were a lot of peer pressures that could take you the wrong way.

Kenneth Frazier

The way we have looked at pricing at Merck is we've always said we want to be responsible, which means we want to optimize profitability and patient access.

Kenneth Frazier

If I had not been coached well about how to deal with a culture and a set of values that were foreign to my own, I would not have been able to be successful.

Kenneth Frazier

My grandfather on my paternal side, Richard Frazier, was born in the late 1850s and, therefore, was born into slavery but was a sharecropper in South Carolina for his entire life.

Kenneth Frazier

My father, to me, was 10 feet tall.

Kenneth Frazier

There's no way we can invent enough stuff for a company of Merck's size.

Kenneth Frazier

We value R&D as a company. It's who we are.

Kenneth Frazier

I've always admired lawyers who use their power to effect social change, and Thurgood Marshall was always a childhood hero of mine.

Kenneth Frazier

I'm the last senior executive who was hired by Roy Vagelos. It's an honor, but it also imposes upon me an obligation not only to think about his legacy but also about this company's legacy.

Kenneth Frazier

I think words have consequences, and I think actions have consequences.

Kenneth Frazier