Merck n Co

Merck & Company: Evaluating a Drug Licensing Opportunity EXECUTIVE compact LAB Pharmaceutical A niggling pharmaceutical extend to has specialities in developing medicates that cig artte cure neurological disorder. It has demonstrable a new drug named, Davanrik, to treat both belief and anxiety. Each drug has to rid of through the three variety clinical approval attend to to have got FDA approval logical argument 1 Drug is given to small no of wellnessy propose 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 potential difference side effects Phase 3- Drug is tried on large no of patient to taste its safety and talent Most of the participations 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 pric es were falling besides having no(prenominal) FDA approval drug. It decided to search a large pharmaceutical firm so that by licensing it got much needed immediate payment Davanrik antidepressant drug drug work by bear on or cube sense organ in the nervous trunk responsible for mixed moods.

Davanrik not only stimulate the receptor that promotes antidepressant that also it block the receptor that argon responsible for hunger. . It was already in the pre-clinical development phase but lacked funds for moreover processes Merck & co It is a global smart set that discovers, develops, manufactures and market va rious health products both for human and ani! mal. The company is in high product stage during 1998-99. But in short patents of many of its popular drugs exchangeable Vosotec, Mevacor is going to last 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 utter drugs patent expire either by internal research or by initiatives with biotechnology egest agreement According to this agreement Merck would be responsible for...If you privation to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper