1. Since there is no obligation to the nonrefundable repayment of the $500 million of funding and Pharma retains intellectual rights (no financial risk for Pharma as per ASC 730-20-25-4), it can be seen as a Research and Development and expensed as incurred according to ASC 730-20-35-1 because no future service can be made. The funding for product X is specified by the investor to be used only for R&D of product X which is not commercialized and not for a future project. The royalties that come from product X are not for a defined period. Product Y is for a defined period. In both cases, both aren’t measured as to how much royalties will be received and whether it can be estimated. Unless there is royalties, the investor gets nothing Since royalties aren’t measurable and are obligations only if product is developed and entity actually receives it, R&D are expensed as incurred for product X as R&D. Incremental funding has the same appearance to be expensed because no future obligation is required.…
The Medicines Company Case Write-Up: Terence Cho, Felipe Duarte, Aleks Loiko, Robert Shaw, and James Wang…
The book I have just finished reading is called Speak by Laurie Halse Anderson. The publisher of the novel is Farrar Straus Giroux and was publisher in October 1999 with 197 pages. The genre of this novel was teen fiction. The cover automatically caught my attention when I first saw it, when I started reading it nothing failed to impress me. I instantly fell in love with the storyline and the concept due to the fact that it was so relatable.…
Have you ever wondered what the life of a young drug-dealer is like? Well look no further, this is the book you have to read!…
My choice book is called Anthem by Ayn Rand and it was published in 1946. This book is about a boy who is frowned upon by his elders and peers because of his height. He struggles with lots of issues regarding school and trying to get the job he wants. This book was placed in the future so there are people who control what job he gets by looking at him and his appearance and they tell him what career he is going to work at, for the rest of his life. For the second third of my book. Their experiments have finally paid off. They discovered a light bulb. But they can't tell anybody, because they won't understand their love for science.…
Ty Lewis has a major internal and external conflict. One major internal conflict that he had in the book was with his Uncle Gus. Ty’s parents died in a car crash and he was forced to live with his aunt and uncle. After awhile, Uncle Gus was using Ty to find the inside scoop on his famous brother Thane “Tiger” Lewis. Uncle Gus forced Ty to ask him about the injury report on his team the New York Jets. Uncle Gus would then gamble with other men based on Ty’s report. Ty knew it was wrong to gamble and cheat like this, but he also knew that he had no choice. Ty was a little kid who knew a lot about football and was very close to his brother. On the other hand, Uncle Gus a big and mean guy who likes to gamble and bet his money with tough men. One major external conflict was between Uncle Gus and Ty’s brother Thane. At the end of the story, Thane and Uncle Gus were arguing about who should keep Ty. Thane thought that he should be Ty’s guardian because he was the only family Ty had left and it was important that they stay together. On the other hand, Uncle Gus wanted to keep Ty because he wanted him to do his chores and help him with his gambling.…
The book that I chose was Zach’s Lie. I personally enjoyed this book very much and it had reminded me a lot of a book series from the same author called Conspiracy 365. I would recommend this book to people that want to read an exciting book that was action packed because this book had well writing that gave you the genuine feeling of excitement that had you thinking about what’s going to happen and would Zach be found out?Will he live through this?Will his dad be ok?…
The most meaningful piece of literature that I have read is Crank by Ellen Hopkins. Crank is the first book in the Crank trilogy. After Crank is the sequel Glass, and finally Fallout. Crank is a beautifully written free verse poetry novel that is composed of 544 pages. The novel is about a teenager named Kristina. Kristina is a junior in highschool and has all A’s.She lives with her her mother, dad, and brother. Kristina lives a normal, happy, and carefree life until she is introduced to the drug Meth or commonly referred to as “Crank”. Kristina soon becomes addicted and can't let go of the grip that methamphetamine has on her. The story goes through the ups and downs of Kristina's addiction, often referencing to Meth as “the monster” and…
Dare has a younger brother, Ty Jameson. Ty is the complete opposite of Dare. He is smart, shy, with curly blonde hair, everything that Dare is not. Without Ty Dare would not stay at Laura’s. Dare: “The only reason I am still at Laura’s is you.” Dare might act tough and strong, but inside he still has a soft spot for Ty, he always looks after him and even though he says one day he will leave Laura’s house he never does because he promised Ty he would not leave him. Ty keeps asking Dare to do the right thing when he is about to do something wrong; Dare shrugs it off but inside he feels guilty and regretful because he knows what he does is wrong. Ty changed Dare with his words and love for his brother.…
The media constantly bombards viewers with the so-called “war on drugs”; indeed the issue that many nations face is one of concern. Due to competition among drug cartels, innocent people suffer injuriously; therefore, these nations wage a theoretical war against the spread and corruption of drugs. However, aside from there being a “war on drugs”, it seems that in today’s modern quest for perfect health, or at least prolonged health, the drug industries in the United States (also addressed as Big Pharma) compete to find and sell the next big drug. These drug industries do not wage war against drugs, instead a “war for drugs”.…
The book I read was The Maze Runner by James Dashner. The reason I chose this book was because my friends told me to read it about a year ago and from what I heard it sounded good. The Maze Runner is a book about a boy named Thomas who gets sent to this place called the glade; the glade is a place where these teenagers that call themselves the gladers have made a little village and the glade is in the middle of this giant maze and the teenagers are trying to find their way out of this place. These teenagers have different roles in the village and the people that go out into the maze everyday are called the runners; their job as runners is to study the maze and figure out how to get out, Thomas really wants to be a runner. Now you may think that it would be easy to get out; but there is a twist, the maze shifts and changes every night.…
Research conducted that pertains to medical practices should not be used to benefit or advance pharmaceutical profits. If experiments determine that medication will cause a harmful health risk to patients, they should not be distributed for public availability. The ethical standards held at the BigPharma Corporation are of little value when it comes to marketing and profits (Perry, 2011). According to uglybusiness.org (2000-2013), BigPharma should be ashamed of their tactics and greed and should be utilizing the results of their studies for the greater good of humanity. Though examination results returned with negative and harmful side effects, BigPharma neglected the risky damage that patients could possibly suffer from and marketed the product in hopes of financial gain.…
Personally, I fell in love with " the perks of being a wallflower" I felt it truly understood how teenagers think and how it is to live with the pressures of school, family, and societal expectations. This book teaches people of every age to live life to the fullest from the tunnel scene to the production of "rocky horror picture show". It has inspired me to go out and find my own Sam and Patrick. I hope you will read this book and fall in love such as I…
Living in a culture that is so heavily influenced by media and advertising, it is almost impossible to open a magazine, watch television, or even walk down the street without seeing an advertisement for prescription drugs. Since its start in the early 19th century, the pharmaceutical industry has expanded to become one of the fastest growing, most influential and successful industries today. Over the years, many factors such as innovative technologies, new regulations, and company mergers and takeovers, have contributed to the rapid growth of this industry. However, on top of these factors lies the most powerful and persuasive reason why our society has become a drug-obsessive, pill-popping culture: the excessive, overwhelming marketing of prescription drugs to the public. From producing countless misleading prescription drug commercials to forming alliances with doctors by giving them free gifts, pharmaceutical companies have deceitfully found many ways to reach the public and increase their profits.…
The prices of prescription drugs are high in the United States than in any place in the world. The prices of prescription drugs in the recent years have increased drastically. Prescription drugs are important as they ensure citizens live healthier and longer and the increase in prices threatens their accessibility and affordability. This increase in prices have affected majority of the Americans, since around 60% of the population are dependent on prescription drugs to treat chronic and acute conditions, these range from diabetes, heart diseases, arthritis, high blood pressure and depression. The most affected by this inflation of prescription drugs are the elderly. The population of the seniors has been on the increase as the lifespan…