Preview

WAC analysis

Powerful Essays
Open Document
Open Document
1625 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
WAC analysis
Dr. Narendran’s Dilemma
Written Analysis and Communication I

By
Rushiraj Patel
(Section D)

Submitted to
Prof. Rohini Patel
Mrs. Pooja Thomas
On
July 2nd, 2011

Indian Institute of Management, Ahmedabad.
Letter of Transmittal
To
Dr. Narendran
Indian Medical (Siddha) College (IMC)
Chennai, Tamil Nadu

Subject: Suggested course of action for Dr. Narendran
Dear Dr. Narendran,
Attached herewith is a short report analyzing the various alternatives available to you in response to Dr. Ramkumar’s request regarding acquiring and commercializing patent on his research. After evaluation of various options, the recommended solution is to sign an agreement with a manufacturer and gain annual royalties on sales of medicine. Detailed analysis is presented in the report attached herewith.

Regards,
Rushiraj Patel Student, WIMWI
Jan 5th, 2011

Executive Summary

The key problem to be addressed is how to respond to the request made by fellow faculty member Dr. Ramkumar to ensure the intellectual property protection and commercialization of his formulation targeting coronary atherosclerosis and what might be the possible repercussions of the decision on IMC and Siddha medicine system.
Various options considered include accepting and rejecting Dr. Ramkumar’s proposal in lieu of licensing out of research & the possible impacts of the decision on IMC, its staff and Siddha medicine system.
The recommendation suggested is to sign an agreement with a manufacturer to gain annual royalties on sales of medicinal formulation.

(Word Count: 102 words)

Contents

Letter of transmittal……………………………………………………………………………… 1
Executive Summary…………………………………………………………………………….... 2
Contents………………………………………………………………………………………….. 3
Situation Analysis………………………………………………………………………………... 4
The Problem…………………………………………………………………………………….... 5
The Options………………………………………………………………………………….….... 5
Criteria for Evaluation…………………………………………………………………………… 5
Evaluation of

You May Also Find These Documents Helpful

  • Good Essays

    Enabling mighty competition between commonplace drug treatments and patent-expired fashioned brands is relevant to decreasing pharmaceutical charges and stimulating innovation. However, this mentioned, there are numerous troubling problems surrounding general medicines because of the convenient access to an abundance of illegal generics on the internet breaking the patent ownership and the unregulated companies that produce and supply them. At the same time familiar medicines will have to be approved identical types of depended on drugs, providing the equal fine, safety and efficacy because the normal, that is commonly no longer the case. A conventional drug must endure strict scrutiny before it is licensed and given market approval with the aid of countrywide medicines authorities. In brief, common medicines will have to comply with the same strict standards of great, safety and efficacy as usual pharmaceutical…

    • 490 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Paper

    • 390 Words
    • 2 Pages

    the process and license the process to large pharmaceutical companies for their use in medication…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    755 Dcush Notes

    • 1705 Words
    • 7 Pages

    Pure Food And Drug Act, passed more easily Samual h Adams, a muckraker, exposed the dangers of patent medicines in several sensational articles in Colliers’..…

    • 1705 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    The biopharmaceutical sector is one of the most research and development (R&D)-intensive in the United…

    • 2327 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    David H. Austin (October 2006). Research and Development in the Pharmaceutical Industry. Received From http://www.cbo.gov/ftpdocs/76xx/doc7615/10-02-DrugR-D.pdf.…

    • 4398 Words
    • 18 Pages
    Best Essays
  • Satisfactory Essays

    Case Study2 Merck Company

    • 606 Words
    • 5 Pages

    •Although company is 15 years old, none of its drug was successfully completed by FDA…

    • 606 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Pharmacare Ethical Report

    • 1946 Words
    • 8 Pages

    (4) Analyze the manner in which PharmaCare used U.S. law to protect its own intellectual property and if John has any claim to being the true “inventor” of AD23. Suggest at least three (3) ways the company could compensate John for the use of his intellectual property…

    • 1946 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Protein Assay

    • 476 Words
    • 2 Pages

    PART 10- Exception to requirement for a marketing authorisation. Unlicensed medicinal products can be supplied under certain conditions…

    • 476 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Swot Analysis Waawa

    • 524 Words
    • 3 Pages

    Wawa has revolutionized the convenience store industry. Wawa is doing so with fewer stores than any of its competitors as well. Wawa, the number eighth seller of coffee in the nation, has only 587 stores limited to Pennsylvania, New Jersey, Delaware, Maryland, and Virginia as compared to over 6,000 &-Elevens nation wide. Wawa has made a name for itself through its business strategies in many ways. Wawa forms a sense of community and has a cult like following of loyal customers. It is not only the customers that are attracted to Wawa. There are now vendors that only deal with Wawas. That creates countless jobs and creates a loyal fan base. One bread company moved from Pennsylvania to Vineland, New Jersey, to be closer to the central distribution factory. Wawa has changed the convenience store industry to the point where Wawa is considered a fast food restaurant with a gas station attached, not being a bad thing.…

    • 524 Words
    • 3 Pages
    Good Essays
  • Best Essays

    The pharmaceutical industry, the medical profession and the patient have a unique, symbiotic relationship. The industry makes products which it cannot sell to the patient (consumer) directly. On the other hand, the medical profession cannot treat the patient without drugs produced by the industry. Thus, the industry and medical profession are interdependent with a common aim. It is crucial that this interdependency is based on the principles of beneficence, non- maleficence, patient autonomy and justice.…

    • 1447 Words
    • 6 Pages
    Best Essays
  • Good Essays

    I have to comply under the Medicines Act 1968, and under The Royal Pharmaceutical Society guidelines and the Handling Of Medicines act 2007.…

    • 1577 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Many years ago, India’s pharmaceutical industry was suffering from number of international trade limits due to their violation of intellectual property rights. The Indian companies used to copy patents of drugs made by Western countries and Japan with no responsibility to property rights. This would discourage international investors from investing into India’s drug industry. India was only good for making generic brand drugs because the patents for those drugs were already expired. However, the situation has changed dramatically in recent years due to the rising demand for international trade. Especially, with the induction of India into WTO in 2005, there came the appreciation and protection for property rights. India stopped making those counterfeit drugs. The fact that India is a member of WTO has eased the path for foreign investors to start investing into India’s many industries including drug industry. Due to flow of investments and Western cooperation, India’s pharmaceutical industry has seen unprecedented growth since 2005. According to the case, by 2011, the industry reached $11.5 billion.…

    • 860 Words
    • 4 Pages
    Good Essays
  • Better Essays

    State Capitalism Model

    • 1295 Words
    • 6 Pages

    "The Ethics of Drug Patents." COMM 104 - Course Package Readings. N.p., n.d. Web. 31 Jan. 2014.…

    • 1295 Words
    • 6 Pages
    Better Essays
  • Best Essays

    Lexchin, Joel. "Intellectual Property Rights and the Canadian Pharmaceutical Marketplace: Where do we Go from here?" International journal of health services : planning, administration, evaluation 35.2 (2005): 237-56. Web.…

    • 4286 Words
    • 18 Pages
    Best Essays
  • Satisfactory Essays

    Eli Lily Case Study

    • 489 Words
    • 2 Pages

    It was a right strategy for Eli Lilly that started a joint venture with Ranbaxy to enter the Indian market. First of all, Ranbaxy was the second largest pharmaceutical company that manufactures bulk drugs and generic drugs in India, with a domestic market share of 15 per cent. It had established broad distribution network, and it was the second largest exporter of all products in India. Ranbaxy’s capital costs were 50 per cent to 75 per cent lower than those of comparable U.S. plants. Second, the timing was perfect for Eli Lilly to enter the Indian market. During 1970s, the Patents Act 1970 and the Drug Price Control Order (DPCO) was issued. And India was opening its drug market. Third, there was possibility to conduct cheap clinical trials in India.…

    • 489 Words
    • 2 Pages
    Satisfactory Essays