Pharmaceutical industry

OrganiOrganizational Plan Quintessential Pharmaceutical’s management team consist of leaders with many years of experience in the pharmaceuticals and logistic industries. Our attitude is laser-like focused on meeting the specialty drug needs of our customer’s. Our management team consists of the President and CEO, a Chief Financial Officer and four executive vice president/directors all reporting to the CEO. Each director provides guidance and direction to their respective division with final…

It is recommended that Merck select Alternative #1, which is to acquire Medco. Acquiring Medco and its competencies makes the most sense for Merck. According to Merck's 1993 annual reports, its vision is to create the world's first coordinated pharmaceutical care company that will optimize discovery, development, selection, delivery, utilization, and value of prescription drugs. 2 The quickest and most effective manner in which to achieve this vision is through a PBM acquisition. The internal…

Do pharmaceutical companies produce for the good or for their own interest? By drawing on authors Michael Oldani, Arthur Schafer, Alan Schwarz, Carolyn Abraham, Pat and Hugh Armstrong, the films Selling Sickness and Marketplace, and a lecture by Shelley Z. Reuter, I will illustrate their main points regarding the gift cycle and their new guidelines, marketing drugs, the pharmaceutical companies’ unsafe methods, and why pharmaceutical companies are one of the key problems within the Canadian…

In this reading regarding pharmaceutical industries reveal some shocking facts about how contaminated prescription drugs are poisoning the public, since the scandal, it has made policy makers extremely difficult for policing the safety and effectiveness of prescription drugs. By statistic, our massive domestic prescription drug industry sold 294 billion worth of drugs worldwide and 177.5 billion domestically, and it has helped patients from various disease. However, beside the huge success of…

Many different careers in the biomedical industry coordinate in order to optimize research and marketing goals. One of these careers is a regulatory affairs specialist (RAS). In the United States, regulatory affairs has evolved for over a century and has become a vital department within the biomedical industry. In the pharmaceutical industry specifically, an RAS plays a crucial role in certifying that a drug meets the safety and efficacy standards set by the government. Advanced education is…

States government (DiJulio). According to the Organization for Economic Co-operation and Development, Americans spent $1,034 per capita on pharmaceuticals in 2013 (OECD), more than double the average amount among (many developed) member countries. Even more concerning, prescription drug spending increased 2.4% in 2013 and then 12.7% in 2014…

The intellectual property protection system creates opportunities that counterfeiters exploit, especially since pharmaceutical counterfeiting involves low risk, but high reward. Criminals follow the money and typically counterfeit expensive patented drugs rather than generics. For example, a well-known anti-retroviral triple combination drug regimen costs over $12,000…

meets the standards set up by various governments. Regulatory affairs specialists are needed in many biomedical industries, one of which is the pharmaceutical industry. A regulatory affairs specialist in the pharmaceutical industry has many duties that one has to perform. A basic overview of a regulatory affairs specialist job description is to ensure that a company’s pharmaceutical products are safe and efficient, as well as to receive the appropriate licensing to put their products…

GlaxoSmithKline, known as GSK, is an established pharmaceutical company that originated from the British. It was formed by the merger of Glaxo Wellcome and Smith Kline Beecham which from the past till now, operates globally in the science industry that later on got into the ranking amongst the world’s top ten largest companies after rising in the year 2000. Glaxo Wellcome, which consisted of Glaxo’s and Burroughs Wellcome became one of the world’s third major pharmaceutical company. By the late…

corporation first started off with a primary focus of importing and wholesaling pharmaceutical products; McKesson Corporation is now one of the largest providers of medicines, pharmaceutical supplies and information technology products and services in the United States. Its industry is the leader in pharmaceutical distribution in the United States and Canada, Medical-surgical distribution to alternate care sites, generic pharmaceutical distribution, hospital automation and medical-management…