For the exclusive use of S. Liu Harvard Business School 9-200-033 Rev. October 6, 2000 Kendle International Inc. We looked at the competitive landscape and, based on what was happening, knew we were either going to sell Kendle, grow or disappear. It was May 1997, and Candace Kendle, the chairman and chief executive officer of Kendle International Inc. (Kendle), and her husband Christopher C. Bergen, the president and chief operating officer, were reviewing the strategic options for their Cincinnati, Ohio based company. Kendle, a business they had founded over 15 years previously, conducted clinical trials for pharmaceutical and biotechnology companies to test the safety and efficacy of their new drugs. The company had …show more content…
Based on the positive response she received from potential clients, Candace left her job at the hospital in June 1981 and Chris left his job in December 1981. Kendle International Inc. was incorporated in Cincinnati, Ohio in 1981, with Candace taking 55% of the shares, and Chris 45%. Candace had strong ties to the Cincinnati area. Her grandfather, a coal miner, had moved there from Appalachia, and the clan had grown to about 140 members, including Candace’s two sons from a previous marriage. By January 1982, Candace and Chris were working from Candace’s parents’ home. Kendle started as a small company with a few contracts, and business grew slowly through referrals from professional colleagues. Kendle suffered the usual bumps of a start-up business, particularly in the late 1980s when it suffered a loss for two years and ran up $1 million in bank debt on a $250,000 line of credit. Afraid that its bank would call the loan, the company went through a bankruptcy scare. Fortunately, Kendle succeeded in attracting business from a new client, the pharmaceutical company G.D. Searle & Co. (Searle). By the early 1990s, the company was turned around and it generated annual sales of about $2.5 million. Candace and Chris were married in 1991. The Pharmaceutical Lifecycle The clinical research process was influenced by government regulations that required
One assumption that should be clearly analyzed is that the collection period is of 30 days net. Not always customers have the ability and willingness to pay off their debts in 30 days, some may take more time, and some could incur in bad debt.
Author Credibility: 30/30 Dina Gerdman is one of the senior writers on the Working Knowledge website. The author is affiliated with the Harvard Business School, which is a prestigious institution.
Chris took his yellow Datsun car to Nevada. He donated all his money in the bank to a hunger charity.
1. (TCO 2) List at least FOUR sources you will use to obtain information about the firm’s strengths, weaknesses, opportunities, and threats. Discuss what categories of the SWOT elements of information are readily available on the Internet. What categories of data are difficult or impossible to find on the Internet? (When using the Internet, be sure to provide specific websites or URLs.)
Why did Hampton repurchase a substantial fraction of its outstanding common stock? What is the impact of this repurchase on Hampton's financial performance? Critically assess Hampton's dividend policy. Do you agree with Mr. Cowin's proposal to pay a substantial dividend in December?
They have two children ,Courtney Lynn and Brian Thomas. Thomas’ favorite story about Courtney when she was little she lose pacifiers and remembers her first time cheerleading. He remembers when I was born, being at the hospital holding me.
Brenda’s relationship with her parents is very good. She is closest to her sister daphne, or Carla Zunich. Brenda has 3 siblings, Daphne, Brent, and Tammy. They are all older.
The table below breaks down the economic value in use of the CMI pads according to both the Colerick and Fazio tests. I used the data from each case to derive the number of hours of driving required to complete the job with both the asbestos and CMI pads. The difference in time to complete the job multiplied by the cost per real hours was one part of the economic value in use. The other portion was the cost of the asbestos pads for each project.
Ben and Julianna have a large family, and they have lived a good life for God. They have three children, Zion, Kruse, and Blaise. Ben’s dad’s name is Tom, and his mom’s name is Cindi. He has four brothers and sisters, Peter, Noah,
Cy Michaels is a veteran of creating and managing relationships in the hospitality, tourism, and aviation. She is the daughter of an Army solider under the 82nd airborne unit during the Korean War and a former school teacher, now avid quilter. She is the second-youngest of the four siblings and has three children. Her first child, George William Folkers IV was born in 1980. Her second, Amber Chantelle Folkers, was born in 1982, and her youngest Summer Michaels was born here in Trinidad at Mount Saint Raphael Hospital in 1998. She is also a grandmother to seven beautiful grandchildren, Jaycee, Alivia, Magdalyn, Addison, Sadie, Piper, and George.
The results of an animal test is not a direct analogy to the effect on humans. The Food and Drug Administration (FDA), says that 92% of all drugs that are safe for animals fail on humans. The largest public funder of animal experimentation is the National Institutes of Health (NIH). They admitted that “animal models often fail to provide good ways to mimic disease or predict how drugs will work in humans resulting in much wasted time and money while patients wait for therapies.” The company TOX21 has already screened more than 2,500 chemicals that are quicker and more accurate without
Should Crestfield accept the proposal to increase consumer advertising of its product line in 2004 by $225,000?
Monmouth Inc. is a leading producer of engines and massive compressors used to force natural gas through pipelines and oil out of wells. It is has dependence on sales to the oil and gas industries, the earnings of which is fluctuated owing to cyclical nature of heavy machinery and equipment sales. Anyway, the company’s amount of earnings growth and sales are above average in long-term view. From the last three acquisitions the company adhered to only leading companies in their respective market segments. The fourth company on the list of acquisition was Robertson Tool Company.
They should have noticed that their clientele accumulated as a result of adverse selection. They weren't given an option. They were picking the best of the worst. Management and owners should have questioned the intentions of their customers. They should have been aware that their clients might have only been accepting high interest rates because the likelihood of the loan being paid back was almost nonexistent.
Kimberly-Clark has been around since 1872. It wasn't until Darwin Smith took over in 1971 as CEO, when the company could finally be labeled as great. He lead the company for over 20 years to take it from a floundering coated paper business to the direct rival that it is today of Procter and Gamble in the consumer paper products. This company has picked up right up where Darwin Smith left. He instilled the concepts and values of a great company and set up the company to succeed upon his departure.