CASE 5.1: MERCK ACQUISITION OF MEDCO Abstract Corporate mergers and acquisitions (M&A) have become popular across the globe during the last two decades due to globalization‚ liberalization‚ technological developments‚ and competitive business environment (Fisher & Siburg‚ 2009). The synergistic gains from M&A may result from efficient management‚ economies of scale‚ profitable use of assets‚ exploitation of market power‚ and the use of complementary resources (Mitchell
Premium Pharmacology Pharmaceutical industry Pharmacy
The global pharmaceutical industry – in the land of shrinking giants. 1. Introduction The case describes the evolution of the industry and its unusual strategic environment. Attention is drawn to environmental pressures from regulators and payers. Key forces driving the industry are discussed‚ including addressing unmet medical need‚ the importance of innovation and time to market‚ and globalisation. The case illustrates how an increasingly hostile environment‚ combined with a decline in R&D
Premium Strategic management Industry Management
Pharmaceutical Advertising 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
Premium Pharmacology Marketing Pharmacy
Prof Dev & Res: Project Proposal and Plan Page 1 Mayur Sojitra 000594653 STUDENT NAME: MAYUR POPATLAL SOJITRA STUDENT ID NUMBER: 000594653 PROPOSED TITLE FOR DISSERTATION: Pharmaceutical Industries and CSR in India: Relationship between CSR Activities and Financial Performance of Pharmaceutical Industries Project Overall Aims and Objectives The modern base of globalisation and ethical behaviour has considerably changed the basic philosophy of Corporate Social Responsibility of any
Premium Corporate social responsibility Quantitative research Qualitative research
low $9.09. Vivendi a French entertainment company offered to combine the firms but were hindered due to protectionism and despite the financial difficulties Yahoo was determining to remain independent. Company loss and angry shareholders led the first CEO of the company Timothy Koogle to step down and the management was now looking into music and movies to boost exposure and profits. A new CEO with many years of experience and success within Hollywood was now chosen to guide Yahoo! Terry Semel had
Premium Yahoo!
My strategy as a health care administrator communicating with Get Well Drugs is to evaluate new drugs before they can be sold. Center for Drug Evaluation and Research (CDER’s) evaluation not only prevents quackery‚ but also provides doctors and patients the information they need to use medicines wisely. The center ensures that drugs‚ both brand-name and generic‚ work correctly and that their health benefits outweigh their known risks. First‚ I will test the drug to make sure it is safe and effective
Premium Food and Drug Administration Pharmacology Bipolar disorder
Introduction Pfizer is one of the world’s largest research-based biopharmaceutical companies. In case of revenues according to the annual reports Pfizer stands second for two consecutive years 2009-2010 lead by Johnson and Johnson (see Appendix- 1 for complete table for 2008‚ 2009 and 2010) leaving behind companies like GlaxoSmithKline‚ UK and Novartis‚ Switzerland. Pfizer was founded by two cousins Charles Pfizer and Charles Erhart in 1849‚ at Brooklyn‚ New York. It has its headquarters in New
Premium Ethics Morality
Pfizer is one of the biggest bio pharmaceutical companies out there. They are currently looking at the efficiency and effectiveness of their new functional strategy. This new strategy is being implemented in their daily operations. The new functional strategy is called Office of the future or the “Magic button”. It is a tool used by Pfizer employees to increase their work productivity. Pfizer has implemented this function because of a study conducted by Harvard employees. They found that almost 40%
Free Outsourcing Management
Acquisition between Merck and Schering-Plough Introduction On March 9‚ 2009‚ Merck & Co.‚ Inc. and Schering-Plough Corporation announced that their Boards of Directors have unanimously approved a definitive merger agreement under which Merck and Schering-Plough will combine‚ under the name Merck in a stock and cash transaction. As the two companies’ combined 2008 revenues were $47 billion. The deal officially closed on November 3‚ 2009. Background of the two parties Merck & Co. (NYSE: MRK) was
Premium
Pfizer - Development and Training Pfizer is the world’s largest research-based biomedical and pharmaceutical company (Pfizer 2009‚ p.2). To ensure continuous improvement in all areas of the organization‚ leadership believes in the effectiveness of proper training. Having training based programs allows employees to gain new knowledge‚ exchange ideas‚ and search for answers to his or her concerns or issues. According to McGlynn (1998)‚ Pfizer is a knowledge business. It is not enough to just discover
Premium Pharmaceutical industry Human resource management Employment