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UST Inc

Essay specific features

 

Issue:

Business

 

Written by:

Trista C

 

Date added:

June 16, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 3048

 

Was viewed:

3332 times

 

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Essay content:

The R&D expenditure is about 7% of Merck's revenues. The life cycle of a drug takes it from the research labs to three phases of testing, each increasingly complex, then through a rigorous Food and Drug Administration (FDA) approval process before it can be marketed and sold. The entire cycle of testing from the time the drug has been lab tested to market can take up to seven years...
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And, there is inherent risk involved in any drug making through this rigorous process of testing. The most popular and most profitable drugs from Merck include Vasotec, Mevacor, Prinivil and Pepcid, generating $5.7 billion in worldwide sales, in the year 2000. The patents for these drugs stand to expire in 2002, making the formula for these drugs available for generic drug makers...
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General issues of this essay:
Corporate Responsibility at Merck FDA and Merck Merck & Co. Merck - Ethical Decisions Merck&Company Merck- Ethical background Merck Merck Merck Merck Merck Moral Strategy of Merck should the fda pay or merck Vioxx and Merck & Co. Merck and Vioxx
 

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