Modern business practices suggest that GE should separate all of its product lines into many small businesses. Welch refused to do so. Even while hospitalized, he remained adamant that he did not want GE’s diverse portfolio broken up. In the end, GE was successful partly due to Welch’s defiance of the status quo. Welch’s initiatives […]
Tag: law
Companies looking to gain space in markets oversees need to be aware of local laws and regulations that are applicable to their industry. Companies that operate in China are subject to local laws and need to pay close attention to anti-bribery laws. GlaxoSmithKline is a multinational drug company that employs 100,000 people around the world […]
In an increasingly competitive landscape, pharmaceutical companies are finding creative ways to protect their patents. Most of the time, patents are the only things that protect a company from direct competition. If a drug is successful but still protected under a patent, other companies prepare their chemical synthesis manufacturing capabilities to be able to take […]
Technology seems to operate in a separate universe that doesn’t have to abide by the law. Technology companies are adamant that they are not legally responsible for the harm their services can cause or the activities of their users (“Eroding Exceptionalism”, 2017). Having to monitor their users would be difficult and costly to these companies. […]
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Drug Approvals: Value-based Contracting
Value-based contracting helps hold Big Pharma accountable. If the drug shows a lack of clinical effectiveness and/or results in unreported side effects, the manufacture owes the plan sponsor two-thirds of the drug’s cost. Rishi Manchanda, the Chief Medical Officer (CMO) of The Wonderful Company, believes that the sequel to the triple aim is the quadruple […]
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Drug Approvals: Biosimilar Drugs
Biosimilar drugs are identical copies of a product that has an expired patent. They are expected to increase competition and reduce drug prices. Europe, Canada, Japan, and Australia have sold dozens of biosimilar drugs for ten years. In the US, prices are expected to drop by 35%. In addition, $80 billion in sales will lose […]
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Drug Approvals
Big Pharma is a dynamic and complex industry. Just a few of the stakeholders include researchers, drug companies, pharmacies, governmental agencies, health plans, doctors, and patients. Agencies such as the Food and Drug Administration (FDA), National Institutes of Health (NIH), Department of Health, and the Drug Enforcement Agency (DEA) have much influence on the pharmaceutical […]
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Drugs: The Gap Between Law and Health
Kratom is a green leaf of a tree of the coffee family. It’s been used for centuries in Indonesia, Malaysia, and Thailand. The leaf has been gaining popularity in the US, but not for the original use of boosting energy. Taking 2-3 grams of Kratom is said to induce euphoria and reduce pain while not […]