Products Liability Research Paper Select a company that has been the subject of a product liability lawsuit in the last ten (10) years. The Plaintiffs vs. Bayer Pharmaceuticals, the German manufacturer of the birth controls Yaz and Yasmin has landed themselves in hot water and is headed to the courts. Bayer Pharmaceuticals net worth is over a billion dollars and is still climbing. The use of the birth controls Yaz and Yasmin has sparked a lot of attention with claims of a number of dangerous side
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Q1. Identify the main environment forces currently affecting the pharmaceutical industry. PESTLE analysis is used to help the organization to understand what is the current status of the organization and the external factors that are affecting it, whereas this also helps the management of the organizations to overcome the weak areas organizations by implementing the strategy for the future. Political The policies of the government had a great effect on the regulations and legal issues that
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practice of evergreening enables protection of a drugs patent beyond its initial term despite only small, trivial changes to the invention itself. However, what these critics fail to recognize are the benefits of incremental innovations within the pharmaceutical industry. These incremental innovations can produce a reformulated medicine to encourage children’s compliance (more tolerable drug forms), increase a drugs heat-stability so it can be effective in many environments across the globe or even increase
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Prescription of Drugs [Name of the Writer] [Name of the Institute] [Name of the Supervisor] The growing epidemic of addiction to prescription drugs is now the new one. Throughout North America, this problem affects people of all ages, all backgrounds and all income. However, despite the attention it generates, it is often difficult to determine the existence of a problem. Unlike illegal drugs sold on the street, prescription drugs are generally safe, and they can be very useful
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History The history of the United Kingdom as a unified sovereign state began with the political union of the kingdoms of England, which included Wales, and Scotland. On the new kingdom, the historian Simon Schema said, "What began as a hostile merger would end in a full partnership in the most powerful going concern in the world... it was one of the most astonishing transformations in European history. A further Act of union in 1800 added the Kingdom of Ireland to create the United Kingdom of Great
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growth is accounted for by pharmaceutical & biotechnology industries. The contract research organization is contracted by a sponsor or client to perform several functions and duties related to clinical trials. (Kaluzny & McLaughlin, 2006, p. 319) The clinical trials are designed to obtain regulatory approval to market new pharmaceutical or biotechnology products. (Kaluzny & McLaughlin, 2006, p. 319) The services they perform for such clients as pharmaceutical companies include: “consulting
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Patent for Imatinib had already been obtained by Novartis on April 2, 1993. Novartis claimed that this invention involved two aspects: 1. Selecting an example from the Zimmermann patent and then choosing methane sulphonic acid addition salt of the free base Imatinib, which was called Imatinib Mesylate. 2. Making the invention suitable for oral consumption and use. This led to the formation of the beta-crystalline form of the above drug. Opponents of the patent filed by Novartis charged saying
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FIN561: Mergers and Acquisitions You decide: Merck Acquition of Medco Vikash Sharma In July 1993, Merck & Co., the largest pharmaceutical company in the world at that time, acquired Medco Containment Services for $6.6 billion. Medco was the largest prescription benefits management company. With the drug industry experiencing the effects of managed care, pharmaceutical companies had to adapt to new means of distribution. Merck realized that the decisions of what treatments and what drugs should
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The Business of Developing New Drugs for Cancer Larry Cephas Strayer University Developing new drugs for cancer and or any other medical purpose is a tedious, complex, expensive process. The process in developing new drugs involves numerous stages of trial and error. According to Mahajan and Gupta (2010) on average it can cost anywhere from US$ 802million to US$ 1billion dollars to successfully develop and market new drugs and, that process can take up to 12years with on average of only 8% of
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is called Flacking for Big Pharma written by Harriet A. Washington. The article delves into the activities of “Big Pharma,” or the commercial pharmaceutical industry of the United States. In this article the author highlights some market strategies used by the industry, which suggest corrupt practices. The article criticizes the actions of the pharmaceutical industry beginning in the 1980s to the present, asserting that the industry compromises the integrity of the process of medical research and
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