Fin 5170 Fall 2009 The exam will consist on multiple choices‚ and problems and may be an essay question. I will ask a maximum of two questions taken from the following material covered in class Chapter 1 Describe the concept of agency problems and different ways to ameliorate agency problems in a corporation Chapter 3 Example 3.7 (pages 65-66) Use the concept of arbitrage to explain the price of Security A in table 3.8‚ and Security B in table 3.9). Compute the risk premium of both securities.
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your answer? 2 Abgenix: Key Issues • Financial assessment – Option NPVs: Basic approach – I will post more complex examples • Strategic assessment of Abgenix’s capabilities & needs • Licensing trends 3 Option 1: Pharmacol (Aventis?) D1 Year PHARMACOL OPTION Fees to Abgenix Probability Probability-adjusted fees Sales Royalty (10%) Probability-adjusted royalty (40%) Probability-adjusted fees & royalty Adjusted NPV D2 D3 D4 D5 M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 2001 2002 2003 2004 2005 2006
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October 9‚ 2011‚ from The New York Times: http://www.nytimes.com/2007/10/09/business/09film.html?ref=business Kamp‚ J Kamp‚ J. (2011‚ September 20). Odds of Express Scripts-Medco Merger Are 80%‚ Analyst Says. Retrieved September 30‚ 2011‚ from Wall Street Journal: http://blogs.wsj.com/deals/2011/09/21/odds-of-express-scripts-medco-merger-are-80-analyst-says/ Kamp‚ J Major‚ M. (2006). Fancy Footwork. Progressive Grocer. Manta. (n.d.). 83‚040 Drug Stores and Proprietary Stores in the U.S. Retrieved September
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generally characterized by spasm of the arterioles in an individual’s extremities; fingers‚ hands‚ feet and toes (Frazier: 490) (Merck: 1790). Additionally‚ the nose‚ tongue and even the earlobes can be affected (Merck: 1790) (Cooke: 293). If the condition is deemed primary‚ it is known as Raynaud’s disease‚ or primary Raynaud’s phenomenon‚ and is inherently idiopathic (Merck: 1790) (Cooke: 294). On the other hand‚ if the condition is secondary to another disease‚ it is termed Raynaud’s phenomenon
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Vioxx Decisions – Were They Ethical? In the late 1990s‚ a pharmaceutical company called Merck was a leader in this industry. The pharmaceutical industry required millions of dollars and great amounts of time to be invested in research and development. From 1995 to 2001‚ Merck was successful in releasing 13 major drugs into the market. One of these drugs was one that would treat rheumatoid arthritis. The drug‚ Vioxx‚ acquired the approval of the Food and Drug Administration (FDA) in May 2009 (Cavusgil
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Merck & Company‚ Inc: The Recall of Vioxx Introduction Geroge W. Merck stated once stated‚ “We try never to forget that medicine is for the people. It is not for the profits. The profits follow. Initially‚ Vioxx was the blockbuster drug that Merck needed due to the upcoming Zocor patent cliff in 2006. With an estimated 27‚785 heart attacks and sudden cardiac deaths that could have been avoided if Celebrex had been used instead of Vioxx‚ Merck faces the possibility of not only having to pay
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Stake for Vagelos as CEO and for Merck as a company in deciding whether to invest in Dr. Campbell’s idea Although Dr. Campbell’s idea of a drug (Ivermectin) that could cure River blindness was a path-breaking opportunity for Merck‚ the company was faced with a number of ethical‚ financial and moral issues that forced its CEO to undergo deep thought and contemplation before investing in this idea. * Feasibility: There were concerns about the use of this drug on humans and the potential adverse
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University of Illinois at Urbana-Champaign College of Business Department of Business Administration BADM 544: STRATEGIC MANAGEMENT Spring 2013 Name: Joseph T. Mahoney Professor of Strategy & Entrepreneurship Caterpillar Chair of Business Department of Business Administration Office: Wohlers Hall 140C Office Hours: Wednesday 4:30PM- 5:30PM (Or by appointment) Website: Phone: Email: 244-8257 josephm@illinois.edu http://www.business.illinois.edu/josephm Click on the course
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brand elements and their role in building brand equity. I work for MSD India Pvt Ltd. Merck & Co.‚ Merck Sharp & Dohme‚ MSD outside the United States and Canada‚ is one of the largest pharmaceutical companies in the world. Merck headquarters is located in Whitehouse Station‚ New Jersey. The company was established in 1891 as the United States subsidiary of the German company now known as Merck KGaA. Merck & Co. was confiscated by the US government during World War I and subsequently established
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The Business Enterprise Trust Case What are the basic facts? Merck & Co. Inc. is one of the world’s largest pharmaceutical companies in the world for producers of prescription drugs. Merck had sales of 1.98 billion and net income of 307 million in 1978 and continues to steadily rise. Merck invested hundreds of millions of dollars each year in research and allocate the funds amongst various projects. On average it would take approximately 12 years and 200 million dollars to bring a new drug into
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