prices are outrageously high in the United States because of the influence of advertising on consumer purchasing‚ the misleading statements by pharmaceutical companies about the cost of research and development of new drugs‚ the manipulation of patent laws‚ the antiquated laws regarding importation of drugs‚ and the influence of the greedy pharmaceutical companies ’ lobby on the Federal government. Prescription drug costs in the United States are unreasonably high‚ and consumers should have the option
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The Headaches of GlaxoWellcome ( Migraine medicine is a key growth area for Glaxo Wellcome Inc. (Glaxo); a Britain-based pharmaceutical company with global operations.[1] Glaxo’s primary business is to market prescription products to physicians and healthcare providers. Glaxo was the first pharmaceutical company to manufacture and market a revolutionary new class of prescription migraine medications called “triptans”. Triptans‚ which Glaxo launched in 1993‚ are a class of medications that work
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LEAD QUESTIONS FOR J&G DISTRIBUTORS (Note: Discussion should not be restricted to these questions) Day 1 1. Identify the cost of capital and estimate the cost of placing an order. Assume that the annual inventory cost of a unit is given by‚ CH = iCI‚ where i is the cost of capital and CI‚ the unit cost of the item. 2. Consider the connector data and the all unit price structure described in Table 1. For each price level ($5.00‚ $4.75‚ etc.) determine the EOQ‚ and the corresponding total annual
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Harvard Case Study Kramer Pharmaceuticals‚ Inc. By: Derek A. Newton Management “Honors” 3300 Section EMWA Professor Walsh Kris Bonilla Daniella DiBenedetto Fact Sheet: * Company name: Kramer Pharmaceuticals‚ Inc. * Major manufacturer of prescription drugs. * Sales force of over 500 detailers * Detailers responsible for about 200 accounts * 35 District managers * Detailer: Bob Marsh * Worked for Kramer Pharmaceuticals for 12 years * Territory
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Knowledge Management in the Pharmaceutical Industry Introduction The study of Knowledge Management is a process that has been researched for centuries by western philosophers and traditional theorists‚ however it is only until recently that knowledge management has been the main focus for many organisations. Many have said that it was the publishing of Karl Wiig’s‚ “knowledge management foundations” (1993)‚ that sparked the huge interest in knowledge management and nearly two decades on KM is
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REPORT ON SUN PHARMACEUTICAL CONTENTS 1. INTRODUCTION 2. GROUP OF COMPANIES 3. FORMULATION OF MANUFACTURING 4. UNIQUE PROFILE OF SUN PHARMACEUTICAL 5. SWOT ANALYSIS 6. PESTLE ANALYSIS 7. PORTER’S FIVE FORCE ANALYSIS 8. FINDINGS & CONCLUSION 9. RECCOMMENDATIONS INTRODUCTION TO THE ORGANISATION Sun Pharmaceuticals was set up in 1983 and the company started off with only 5 products to cure psychiatric illness. Sun Pharma is best known worldwide as the manufacture of specialty Active
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drugs pass through the various intermediaries in the supply chain their prices are hiked these may be as a result of additional operational costs or because of the marketing involved. These use and application of these findings may contribute to formulation of policies by the government agencies to control the rising drug prices. Here are some of the recommendations to dealing with the current problem of high prices of prescription drugs. The government should allow for importation of drugs to put
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successful performance of Dr. Reddy’s can be described in 2 parts viz Pre FY 2000 Era and Post 2000 Era. Pre 2000 Era • Dr. Reddy’s formed a chemical based company named Dr. Reddy’s Laboratories to manufacture and supply active pharmaceutical ingredients to domestic drug companies by identifying a potential opportunity to do business in the chemical sector. This gave Dr. Reddy’s opportunities to popularize it s brand by formulating its own drugs to sustain in the highly competitive
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Pharmaceutical Society of Great Britain v Boots [1953] 1 QB 401 Court of Appeal Boots introduced the then new self service system into their shops whereby customers would pick up goods from the shelf put them in their basket and then take them to the cash till to pay. The Pharmaceutical Society of Great Britain brought an action to determine the legality of the system with regard to the sale of pharmaceutical products which were required by law to be sold in the presence of a pharmacist. The court
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“At Acadia‚ our mission is to improve the lives of patients by developing innovative treatments that address unmet medical needs in neurological and related central nervous and related central nervous system disorders.” Acadia Pharmaceuticals mission statement. The heart of the company’s strategy. Upon analysis of Acadia’s website‚ it can be assumed they are adhering to their mission statement due to several items on their about us page and elsewhere on the site. On Acadia’s about us page they talk
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