Merck n Co

Merck & Company: Evaluating a Drug Licensing Opportunity EXECUTIVE sum-up LAB Pharmaceutical A niggling pharmaceutic engage has specialities in developing medicates that cigargontte cure neurological disorder. It has developed a new drug named, Davanrik, to treat both opinion and anxiety. Each drug has to rid of through the three bod clinical approval attend to to have got FDA approval tense up 1 Drug is given to small no of wellnessy declargon oneself to test the condom of drug Phase 2-Drug is administered to large no of patient to determine its effectiveness it treating the complaint and to measure its authority side effects Phase 3- Drug is tried on large no of patient to taste its safety and capacity Most of the high societys drugs were in phase 2 and Phase 3 testing process scarcely no one was able to pass the FDA approval process. LAB was in financial crisis as its stock prices were falling bes ides having none FDA approval drug. It decided to search a large pharmaceutical firm so that by licensing it got much needed hard cash Davanrik antidepressant drug drug work by touch on or cube sense organ in the nervous brass responsible for mixed moods.

Davanrik not only stimulate the receptor that promotes antidepressant only if also it block the receptor that are responsible for hunger. . It was already in the pre-clinical development phase but lacked funds for moreover processes Merck & co It is a global go with that discovers, develops, manufactures and market various health products both for human a nd animal. The company is in high product s! tage during 1998-99. But shortly patents of many of its popular drugs exchangeable Vosotec, Mevacor is going to fade which will decrease its tax income and profits. The only way Merck are continue string yield is having enough new drugs in pipe line when the in the first place state drugs patent expire either by internal research or by initiatives with biotechnology slip by agreement According to this agreement Merck would be responsible for...If you pauperization to get a full essay, order it on our website: OrderCustomPaper.com

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