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Pharmaceutical Industry Essay Examples

Essays on Pharmaceutical Industry

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Competitive Profile Matrix of Mercury Drug Store

CRITICAL SUCCESS FACTORS| WEIGHT| MERCURY DRUG STORE| THE GENERICS PHARMACY| ROSE PHARMACY| GENERIKA DRUGSTORE| | | Ranking| Weighted Score| Ranking| Weighted Score| Ranking| Weighted Score| Ranking| Weighted Score| Price| .40| 1| .40| 1| .40| 2| .80| 1| .40| Accessibility/Location| .15| 2| .30| 2| .30| 3| .45| 1| .15| Good quality drugs, goods and products| .30| 1| .30| 2| .60| 1| .30| 2| .60| Availability of Medicines| .20| 2| .40| 3| .60| 3| .60| 3| .60| Speed of service| .10| 3|…...

Case Study About Ethical Conduct in Cipla Limited.

Cipla Limited is a pharmaceutical company based in Mumbai, India. Founded by nationalist Indian scientist Khwaja Abdul Hamied as The Chemical, Industrial & Pharmaceutical Laboratories in 1935. Cipla makes drugs to treat cardiovascular disease, arthritis, diabetes, weight control, depression and many other health conditions. Founded prior to Indian independence and on the principle that India needed to become self-sufficient in supplying medicine to its people, Cipla has emphasized self-reliance and the right of all people to health and access to…...

Pharmaceutical Industry Analysis in Bangladesh

Patent medicines are the products that are developed by the business, who have their own research team dealing with their own laboratories. These items are patented for several years to take pleasure in the monopoly market. After years of business the solution is sold in the market so that others can enter into mass production. Generic medicines are the products that are produced in mass scale. These are marketed by several business under various brand, where the formula of this…...

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Strategic Management

EXECUTIVE SUMMARY This report examines an Indian pharmaceutical industry has a have biggest impact on Cipla in its operating environment, i made a comprehensive analysis Cipla with three analyzing tool, that is PESTEL, SWOT and Porter Five Forces. Starting with PESTEL analysis, political is not the advantage for Cipla, excepting those policy I mentioned in essay, free market index is very low in India.Significant socio-cultural trends identified by the report are the emerging trends, this sector is one of the…...

CVS Pharmacy Organization Structure

Draw a chart of your organizations domain. List the organization’s products and customers and the forces in the specific and general environments that have an effect on it. Which are the most important forces that the organization has to deal with Draw a chart of your organizations domain CVS Pharmacy Specific Environment General Environment An organizations domain is the goods and services, and customers of the organization. Every organizational domain consists of a specific and general environment. In CVS Pharmacy’s…...

Mercury Drug Research

Mercury Drug Corporation is the Philippines' dominant pharmacy group. The Quezon City-based company operates a national chain of more than 450 drugstores, including company-owned and franchised stores. Mercury Drug is estimated to sell as much as 60 percent of all medicines sold each year in the Philippines (the country's hospitals sell about 12 percent of medicines). Mercury Drug's pharmacies follow the American model, combining drug and medical equipment sales with over-the-counter medicines, personal care items, basic household needs, cosmetics and…...

Analysis of Johnson and Johnson Company

Executive Summary This report was carried out in order to show the scenario planning of Johnson and Johnson. The report provides information about the history of the company, countries of operations and the sectors of operations .The company sales have seen significant growth in recent years and US have the highest percentage of sales of about 44% .The report also draws attention to the PESTEL framework of the pharmaceutical industry showing how Political, Economical, Social, Technological, Environmental ,and Legal factors…...

CVS Pharmacy Corporation Annual Report

Executive Summary/Company History/Products and Services CVS/Pharmacy has shown a consistent growth for the last three years. Three years ago CVS/Pharmacy has merged with Longs Pharmacy and Caremark to form the largest retail pharmacy chain in the United States. CVS/Pharmacy- CVS/Pharmacy began operations in 1963, and added the pharmacy department in 1967. In 2007, CVS merged with Caremark Rx, Inc. Finally, in 2008, CVS bought the Longs Drug Store chain. CVS has over 7000 stores(Cvs.com, 2010). At the end of 9…...

Calabash Leaf

INTRODUCTION There are hundreds of plants worldwide that are known for its medicinal agents used in both traditional and modern medicine for many purposes that include bacterial and fungal infections (Obafemi Akinpelu Taiwoo Adeloye 2006). According to history, the use of plants in curing illnesses has been practiced since the human civilization began, and has deep roots within traditions and cultures. Ethnopharmacological practices had been recorded prominent among Nigerian people. Nowadays, they continually play a role in primary health practices.…...

Sales and Inventory System in Pharmaceutical Industry

Introduction Time is very important in every people especially when we do our job. We have done all at the correct time so that we can meet the quota of the company every day. It is difficult in doing all things manually particularly when you’ve lack of time to do this, like counting the number of items that are already sold, how much is the total amount and determinable number of the stocks of each medicine. The problem in manual…...

Evaluate the non medical influences on prescribing practice

In the UK, nurse prescribing was born out of the need to increase efficiency in the NHS by making best use of its resources. Nurse-led services are one means of improving healthcare provision and a string of legislative change has gradually broadened the scope of nurse prescribing in the UK. (Courtenay et al 2007). The role expansion of nurses to meet efficiency targets has meant that nurse-led services in the healthcare setting are expanding as one means of coping with…...

The Business Enterprise Trust Case

What are the basic facts? Merck & Co. Inc. is one of the world’s largest pharmaceutical companies in the world for producers of prescription drugs. Merck had sales of 1.98 billion and net income of 307 million in 1978 and continues to steadily rise. Merck invested hundreds of millions of dollars each year in research and allocate the funds amongst various projects. On average it would take approximately 12 years and 200 million dollars to bring a new drug into…...

Teva Pharmaceuticals Case Study

A company like Teva Pharmaceuticals is subject to all of the factors of the external environment given the nature of its business and global expansion. Pharmaceuticals is an industry where high profits can be achieved, but it is also an extremely challenging business when one considers all of the political/legal aspects involving government regulation and patents. Every country has strict regulation and testing requirements for drugs that affect companies differently depending on their position in the market. Originally, innovative pharmaceutical…...

Biocon's Next Management Strategy

Assuming Biocon receives approval for BIOMAb, should it launch the drug immediately or conduct phase 3 trials before launch? Elaborate the various elements of your action plan If Biocon receives approval for BIOMAb, the management team will need to carefully consider what the best course of action is moving forward. If the company elects to launch the drug immediately, they will be able to have the first mover advantage, reaching the market before their closest competitor, Erbitux. BIOMAb will also…...

Cooper Pharmaceuticals Case Analysis

On the surface, the issue of Bob Marsh’s firing from Cooper Pharmaceuticals appears to be an open and shut case; he did not adhere to the repeated warnings by management to alter his performance and selling style, therefore he was fired. However, other considerations are in play when you analyze this case further. Bob was an employee of Cooper for twelve years at the time of his termination, and had seemingly improved his performance when prompted to do so. Bob…...

Procedures Regarding Handling Medication in Pharmaceutical Industry

Agreed procedures about handling medication In the adult social care setting it is vital that when handling medications are involved, service providers must follow the organisational policies and procedures to the letter, as this is keeping in line with the law. It is important to acknowledge and be aware of your own limitations when it comes to handling medications; this ensures the safety of the service provider, service users and to others. When following the policies and procedures it is…...

Rise of India's Drug Industry

Many years ago, India’s pharmaceutical industry was suffering from number of international trade limits due to their violation of intellectual property rights. The Indian companies used to copy patents of drugs made by Western countries and Japan with no responsibility to property rights. This would discourage international investors from investing into India’s drug industry. India was only good for making generic brand drugs because the patents for those drugs were already expired. However, the situation has changed dramatically in recent…...

Genzyme and Geltex in Pharmaceutical Industry

Early in 1997, Genzyme Corporation began negotiations with Geltex Pharmaceuticals in an attempt to launch a joint venture to market Geltex's first product, RenaGel. Geltex was a young biotech research company with only two products in its pipeline, and they didn't have the resources necessary to launch RenaGel on their own. Genzyme, on the other hand, was a quickly growing company that experienced revenues of $518 million in 1996. They were attracted to the joint venture with Geltex because of…...

Beximco Pharmaceuticals Limited Business

Medicine is directly related to human life and therefore, its manufacturers have immense social responsibility of providing safe and effective medicine, demanding uncompromising efforts, at all levels of its activities. Beximco pharmaceuticals Ltd the leading health care company in Bangladesh has been making every effort to ensure the effectiveness and safety of the medicine that it produces. Physicians and patients of the company reply on the efficacy of the medicines of Beximco Pharma at the time of critical needs demonstrating…...

Eli Lilly in India

Eli Lilly and Company was started Mr. Colonel Eli Lilly in 1876. During 1940-1985 it performed as one of the leading players in the US market. From the beginning the business has remained committed to scientific and management excellence. For the past several years the business has continuously expanded in the health care and agricultural sector. During 1950s the business became export oriented and in 1980s the corporation was performing as a successful international pharmaceutical company. In 1992 the firm…...

Overview of SQUARE Pharmaceuticals LTD

Introduction Square Pharmaceuticals Ltd. (SPL) has been the innovator in Bangladesh Pharmaceutical Market considering that its inception in 1958. Over the last decade SPL in fact rose to a brand-new basic moving beyond producing quality medications to win mindshare of clients, doctors, investors, business partners, and communities where we work and live. Our commitment to add more worth to the typical wealth of the society intensified by ingenious methods for growth and diversity, pioneering role in bringing brand-new innovation and…...

Knowledge Management in the Pharmaceutical Industry

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 now considered as an essential tool for companies to improve their performance and…...

The Case of the Unknown Industries

In the Case of the Unknown Industries, we matched several industries with their corresponding balance sheets. We used several different methods to come up with our conclusion. An important factor we had to remember was the economic state industries were in their respective year. A. Online Retailer This set of data belongs to the online retailer industry. The most significant categories that helped with our decision was the low inventory for a retail business and the relatively high inventory turnover.…...

Pfizer: Biopharmaceutical Bompany

The value that the branded pharmaceutical industry adds to the US economy is growing slower than US GDP (Snyder, 2012). Rivalry has intensified while the rate of blockbuster drug development has slowed due to an increase in regulation from the government and the industry trade association, PhRMA. The number of new entrants is fairly low and some are exiting or consolidating through mergers and acquisitions. Downstream and upstream factors are crucial to the specialty pharmaceutical sector of this industry since…...

Role Of A Pharmacist

This is funny to admit at this stage of my pre-registration year, but I do not fully understand the role of a pharmacist. Those of you who read my blogs may be thinking – “why? ” Surely after four years at university and four months of pre-registration training I should understand the role of the pharmacist. But the truth is I don’t, and here’s why. Throughout my pharmacy degree I gathered experience in four sectors that pharmacists can work in…...

Health Is The Most Important Part Of Life

What business is your venture in? What is the current stage of development for the venture? 'Health is Wealth' is an age long adage, which infers that the health of a people is the most important part of life. Alok Tours and Travels is into the healthcare delivery sector, but with a different dimension. Gone are those days when the orthodox medical practices of the west monopolized the healthcare sector. Time and events have shown that some eastern countries have…...

Case analysis of Big Pharma’s Marketing Tactics

Understanding Big Pharma: The US Pharmaceutical industry is the 2nd most profitable industry in the country. The nature of the industry follows an oligopoly form; with the big players yield much influence, hence lending to its name, “Big Pharma”. By 2010, Big Pharma has a staggering 526 lobbyists and gives an estimated $19 billion worth of gifts to physicians annually. Understanding Business ethics: The definition of ethics is given by as follows, “Ethics are moral principles that govern a person’s…...

Evaluating a Drug Licensing Opportunity

Davanrik is a new drug developed by LAB Pharmaceuticals, which has the potential to treat depression and obesity. Davanrik was initially developed to treat depression by stimulating the receptor in the serotonin system that promotes anti-depression. However, it was discovered that Davanrik also blocks the receptor that causes hunger. LAB Pharmaceuticals obtained a patent for Davanrik with a max remaining life of 17 years. LAB Pharmaceuticals is a small and relatively new (15 years) company in the pharmaceutical field. LAB…...

Acetylsalicylic Acid Experiment

Introduction: Commonly used as Aspirin, acetylsalicylic acid is an analgesic (pain reliever), which is one of the products of the esterification reaction between salicylic acid and acetic anhydride. This esterification occurs since the hydroxyl group from the salicylic acid reacts with acetic anhydride to form an ester. In this experiment, we will be able to recreate this acid catalyzed reaction, using sulfuric acid as our catalyst in order to produce acetylsalicylic acid and acetic acid. The final product of this…...

Direct-to-Consumer Advertising

Direct-to-consumer (DTC) advertising of prescription drugs has become common place in today’s society. Every household with a television is aware of DTC advertising as they interrupt their nightly programs. Every national magazine or local newspaper offers advertising on the latest drug remedy for what ails us. This multi-media approach is relatively new for pharmaceutical companies as previously such efforts were directed only at physicians who were the sole decision makers when choosing medications. With the 1997 change in the Food…...

Purity of Aspirin by Spectrophotometry

The mass of acetylsalicylic acid was determined using a analytical balance. Sodium hydroxide (NaOH) was added to the acetylsalicylic acid and heated in order to hydrolyze acetylsalicylic acid. Iron chloride was added to each volumetric flask as the purity of the aspirin can be tested by addition of Fe+3 to a suspension of the product. Phenols such as salicylic acid react with iron chloride to form coloured (violet) complexes Aspirin easily absorbs green light and green is the compliment of…...

Barriers to Entry and Global Pharmaceutical Industry

How relevant do you believe the Five-Forces Framework map is to recognize environmental forces affecting the global pharmaceutical industry? Do these forces vary by industry sector, and where would you put the various sectors in the market life-cycle? Porter's five forces assist recognize their attractiveness in the industry in regards to the five competitive forces which are: the risk to entry, the hazard of alternatives, the power of purchasers, the power of suppliers and the extent of rivalry in between…...

Experiment Separating the Components of “Panacetin”

Introduction: The purpose of this experiment is to investigate the composition of compounds in Panacetin. Generally, it is made up of sucrose, aspirin and an unknown component, either acetanilide or phenacetin. SinceBy using different techniques, such as filtration, extraction, and evaporation, those three components have been isolated out, which is based on varies solubility and acid-based properties. The percentage of composition of Panacetin are also found, which is based on the mass of three dried components. The process: “panacetin” +…...

Square Pharma

The scope of the report was based on the annual reports & web site, input from interviews of executives of the SQUARE Pharmaceuticals Limited. To analyze the situation in question, we worked on focusing on SQUARE Pharmaceuticals Limited and analyzing their objectives, market strategies, market situations, product mixes, etc. The analysis was based on the exposed and available information only. In-depth data were not always available on-demand due to some unavailable reasons. SWOT analysis of the company has been done.…...

Heparin in Pharmaceutical Industry

Pharmaceutics is defined as the study of how various dosage forms influence the way in which the drug affects the body The dosage forms of heparin are intravenous (IV) and/or subcutaneous Dosages of heparin vary depending on the age of the patient. Patient teaching Is essential when using heparin. They should be taught how to manage their medication and how significant it is to administer the correct dosage prescribed, as well as which route is to be used. Patients must…...

Financial Analysis for Pharmaceutical Industry

Background and Business Strategy Section Major firms of the world pharmaceutical industry Pharmaceutical industry is characterized by high level of concentration. There are about dozen of multinational companies that dominate in industry. Most of companies are not widely diversified and more than 50% of revenues come from sales of pharmaceutical products. There are few companies in industry that have other large sources of income, for example Johnson & Johnson. The pharmaceutical industry has two distinct functions: research and development (R&D),…...

Eli Lilly-Developing Cymbalta

New Antidepressant Team (NAT), a cross functional team of Lilly research and development (R&D) and marketing was formed by two colleagues at Lily – Mark Demitrack and Brett Schmidli, and later two additional members were asked to joined, Jim Lancaster and John Kaiser. The mission of the team was to find and develop a drug that would later replace Prozac. The core strategy of NAT was to concentrate and devote resources to only 5 Assets: “R-fluoxetine, OFC (olanzapine-fluoxetine combination), 5HT2…...

Therachem is a pharmaceutical company

Therachem is a pharmaceutical company created in 1950, and has a portfolio of 7 different products Performance: The company has a signi? cant revenue growth of 68% over the last 3 years, driven mostly by Arthroquell ?? ?? Salesmen team: the sales rep’s job is to visit physicians and encourage them to prescribe Therachem drugs for their patients For the past 3 years Therachem has been growing its sales force by about 40 representatives per year and has expected this…...

Discovery of New Drug

INTRODUCTION The discovery of new drug not only requires its design and synthesis but also the development of testing methods and procedure, which are needed to establish how a substance operates in the body and its suitability for use as drug. The pharmaceutical industry and in particular medicinal chemist has a continued commitment to discovery, developing and marketing new medicines or to minimize the number and magnitude of undesirable properties of already existing drugs while retaining their desirable therapeutic activity.…...

Cannabinoid Miracle Project Risk Analysis

Company Overview Cannabinoid miracle intends to start its growing business from February 2019, it is a Canadian pharmaceutical and cannabis company headquartered in lamington, Ontario. Established in 2018, Cannabinoid miracle has developed from an administration authorized maker of medicinal cannabis and is applying license for a cannabis production. Company will produce up to 2 strains within 6 months of becoming licensed producer. Company will have ability to vegetate up to 500 plants and flowers concurrently, will grow up to 11…...

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