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Essay

Compliance Issues

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Issue:

Business

 

Written by:

Jackie S

 

Date added:

February 4, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 739

 

Was viewed:

2196 times

 

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Essay content:

Many pharmaceutical companies believe that Endo's decision to outsource exhibits more risk than opportunities. Joe McCracken, SVP of business and commercial development at Genentech believes that outsourcing business practices carry a high risk for error and in the drug and biotech industries, mistakes can carry big price tags...
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Mr. McCraken also says that, "Regulators could delay approval, or a drug's true effect could be masked, compromising results. In the worst case, patients could be harmed and massive liabilities incurred". "We have a very low threshold for error. We have to do everything right, and we are in a hurry. We feel like people are waiting for us to get important new products approved for the treatment of life-threatening, life-altering diseases...
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