Introduction Valeant Pharmaceuticals International Inc. (referred to as Valeant hereafter) is a specialty company whose goal is to improve the lives of people in need of medical supplies. As a result, they have developed, manufactured, and marketed a range of brand name, generic, and over-the-counter products and medical devices. They also focus on developing and introducing new treatments through R&D researches whose headquarters are in Laval, QC and Bridgewater, N.J. (Valeant Inc, n.d.-a). Below is a summary of Valeant’s history and business operations. Company History and Business Operations For detail information on Valeant’s history see Table 1 on page 10 in the Appendix. Valeant current business operations offer a mix of prescription brands, branded generics and over-the-counter consumer products. Valeant currently serves the following geographic regions: United States, Asia Pacific and Africa, Latin America, Europe and the Middle East, and Canada and within each region it focuses on its products specific to those regional market. For instance, in the United States, they specialized in prescription dermatology, eye health, aesthetics, consumer products, gastrointestinal, oral health, neurology and other therapeutic areas while in Canada they specialized in pain management, cardiovascular disease, neurology and dermatology, and R&D researches. As for the other regions, they specialized in branded generic and over-the-counter products specific to those regions. Also,
This report is Part 1 of assignment for Marketing MBA 565-MBOL1 to Dr. Stephen Baglione
Vanatin is a “Fixed-ratio” antibiotic sold by prescription. “Fixed-ratio” means that it contains a combination of drugs. It has been on the market for more than 13 years and has been highly successful. It now accounts for about 18 billion dollars per year, which is 12 percent of Booth Company’s gross income in the United States (and a greater percentage of net profits). Profits from foreign markets, where Booth is marketed under a different name, are roughly
As consultant to Sanders and Myers, I would suggest they rethink the continuation of economic value added (“EVA”) bonus payout process. The proposed EVA bonus payout structure is supposed to be an objective way to gauge and reward employee performance; however, through no fault of their own, the Dermatology group is slated to undergo severe ebbs and flows in their incentive and could potentially wreak havoc on employee morale and retention.
Dr. Champion is a top notch drug specialist with a careful comprehension of drug store. In any case, following 33 years in business – an aggregate of about 60 years in drug store out and out – changes in the pharmaceutical
New opportunities always exist in the healthcare industry, and Pfizer can be well-positioned to take advantage of these opportunities. It recently acquired Vicuron Pharmaceuticals which gave it instant access to that company's two major antibiotics. In addition, the company's pipeline includes inhalable insulinlikely to be a popular alternative to the injectable form. The company also continues to actively support its over-the-counter mouthwashListerineclassified as a "drug" because of its antiseptic properties (McTigue Pierce, 2005).
In the year of 2017, I would think 99% of the population of the Western world would believe in the life saving abilities and precautions vaccines are able to provide. But recently, a new wave of danger has befallen the mommy bloggers and soccer moms. The fear of bearing autistic children ‘brought about by vaccines’ is too much for these moms, they couldn’t watch their child suffer such a fate. So what’s their solution to protect their precious miracle? Ultimately, sacrificing the overall physical health of the child, as well as the children around them by depriving the child of a good, healthy start in infancy in exchange for non-medical protection. One making such an ill-informed, naive, and selfish decision for their child ultimately
The Medicines Company used the saying “one man’s trash is another man’s treasure,” to the next level. It essentially took what other pharmaceutical companies place on the shelves and never use again as their next product which becomes a money maker. The idea is a great idea if it is well executed. The company cannot take just any type of drug and try to execute it pouring in millions of dollars’ worth of research and development because if the product is not chosen carefully, the product will fail. A simple failure for a drug that was not carefully selected, can damage the company’s image and reputation.
We don’t think Merck CEO Gilmartin acted wisely in recalling Vioxx. First of all, Vioxx was taking a large share in the market. It increased huge sales for the company. Product Vioxx was in the market for a while; many customers were taking benefits from the product. Since the huge of sales, we could easily tell this product meets the customers’ needs. Since the controversy happened, Vioxx would raise the risk of heart attacks. However, it was not absolutely proved that the drug is the direct factor to cause the heart disease. In case, it says “the drug shows no risk by several other studies.” Therefore, if Gilmarin recalled the product, it means the company admitted the factor of risk in heart disease for Vioxx. Customers would start to question other Merck’s products, so it would hurt other products for Merck. Merck lost market shares and reputation in the future. Oppositely, if
The company’s roots go all the way back to 1973 and the company has since grown to have pharmacies around the UK, but also elsewhere in Europe and even Brazil. It has won a number of awards in recent years.
This situation is an opportunity because Bristol-Myers needed to figure out how to successfully price and promote Datril as it launched in the analgesics market. Two main options are available (1) whether to promote Datril as a direct point of sale towards the consumer or (2) to adopt the traditional and more conservative route as that of Tylenol and promote Datril towards the trade only. Ultimately, to establish a price point that allows Datril to compete with Tylenol given like functionality.
Valeant Pharmaceuticals International, Inc. (the Company) is a multinational, specialty pharmaceutical and medical device company that develops, manufactures and markets a broad range of branded, generic and branded
Cambridge Sciences Pharmaceuticals (CSP) is an international healthcare company based in Cambridge, Massachusetts. The firm focuses on developing, manufacturing and marketing products that treat metabolic disorders, gastrointestinal diseases, immune deficiencies, as well as other chronic medical conditions. In 2008, CSP received its Food and Drug Administration (FDA) approval for its newest prescription drug, Metabical. Metabical is a drug that offers moderately overweight adults a medically proven, effective method to reach a desirable weight to improve their overall health by shedding ten to thirty pounds.
Lorex Pharmaceuticals recently gained FDA approval to market and sell a new product called Linatol. This memo will address the need to select a target amount to which each 10-ounce bottle of Linatol will be filled. The analysis of several target fill rates was conducted to determine the one that maximizes the contribution per case, therefore generating the maximum revenue for Lorex Pharmaceuticals. This ideal fill rate will allow more bottles to be sold at the full retail price of $186 and limit the under filled
Biovail Corporation was a large publicly traded pharmaceutical company located in Canada which merged with Valeant Pharmaceuticals International, Inc. in 2011 (SEC, 2011). Said organization engaged in the development and large-scale manufacturing of pharmaceutical products (Chapman, 2009). As such, products were shipped to domestic and international distributors with products to United States customers shipped via truck transport.
1. What is the addressable market size for Coracle? Is the first-year goal of $1.5 million sales reasonable?