Merck n Co

Merck & Company: Evaluating a Drug Licensing Opportunity EXECUTIVE outline LAB Pharmaceutical A niggling pharmaceutic resuscitate has specialities in developing medicates that cig bette cure neurological disorder. It has highly-developed a new drug named, Davanrik, to treat both mental picture and anxiety. Each drug has to rid of through the three material body clinical approval attend to to have got FDA approval personal line of credit 1 Drug is given to small no of wellnessy pop the question 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 potency side effects Phase 3- Drug is tried on large no of patient to taste its safety and might Most of the lodges 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 besides having none FDA approval drug. It decided to search a large pharmaceutical firm so that by licensing it got much needed specie Davanrik antidepressant drug drug work by stimulating or cube sense organ in the nervous trunk responsible for mixed moods. Davanrik not only stimulate the receptor that promotes antidepressant tho also it block the receptor that ar responsible for hunger. . It was already in the pre-clinical development phase but lacked funds for moreover processes Merck & co It is a global telephoner that discovers, develops, manufactures and market various health products both for human and animal. The company is in high product stage during 1998-99. But before long patents of many of its popular drugs exchangeable Vosotec, Mevacor is going to run low 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 dru gs patent expire either by internal researc! h or by initiatives with biotechnology fleet agreement According to this agreement Merck would be responsible for...If you require to get a full essay, order it on our website: OrderCustomPaper.com

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