Case Analysis - Amgen Inc.: Planning the unplannable The biotech firm Amgen Inc. gives much attention and time to the planning process. Because the outcomes for a company like Amgen are often very unsure and many employees are quite sceptical about the use of such a planning‚ the main issue can be described as follows: What is the added value of planning for a fast-growing company in an uncertain and dynamic environment? To address this issue‚ an analysis will follow based on the following
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Liqi wang Accounting Income tax Both Amgen and Gilead are fully disclosed the income tax information according to GAAP requirements. Both companies recorded income tax in financial statement such as income statement and specified the detailed components of income taxes. Amgen recorded income tax based on pretax income‚ applicable tax rate and tax planning opportunities available in various jurisdictions. Gilead’s income provision was computed under liability method. Both
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Amgen Inc. is a pharmaceutical company based out of California. In 2009‚ there were 15 states that filed lawsuits against the company for accusations of participating in Medicaid kickback schemes. Amgen was out to push the sale of their new drug Aranesp‚ which was developed to treat amnesia associated with chronic renal failure. Despite numerous reports of complaints with the new drug‚ Amgen continued to sweeten the deal for long-term care pharmacy providers to switch Medicare and Medicaid patients
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In today’s society where scientific research is ever present. do individual companies and other groups have a right to lay claim to individual genes in the human body‚ or is the practice of patenting genes a bad idea? In his work entitled “Patenting Life‚” famed author Michael Crichton uses several illustrations of why he believes the practice of issuing patents on human genes is not only a bad idea‚ but goes against common sense. Saying “you cannot patent snow‚ eagles‚ or gravity‚ and you shouldn’t
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Cons of Gene Patenting As of 2010‚ there are 40‚000 patents within the U.S. that relate to the 2‚000 human genes (Wikipedia‚ 2011). A gene patent is when a person owns the rights to a gene and no other person can do research involving said gene. There is some controversy over whether these patents advance technology by providing scientists with a reason to produce‚ or if they restrict the research because of the genes patented (Debatepedia‚ 2011). Patents curb the discovery of cures and the creation
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Ethical Dilemmas in Genetic Patenting – A Utilitarian Perspective On August 16th‚ the U.S. Federal Circuit Court of Appeals upheld that Myriad Genetics in Salt Lake City‚ Utah‚ had the right to patent ‘isolated’ genes that are linked to ovarian and breast cancers.1 This means that Myriad Genetics can prevent others from using the BRCA1 and BRCA2 genes in research. It also means that Myriad can charge high prices from companies that wish to use these genes. This has raised arguments about the ethical
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PHARMACEUTICAL PATENTING IN INDIA:PROBLEM OF PUBLIC ACCESS TO HEALTH TABLE OF CASES 1) Novartis AG v. Union of India‚ (2007) 4 MLJ 1153 2) Bayer Corporation & Others v. Cipla‚ UOI & others‚ 2009(41) PTC 643 (Del). INTRODUCTION A pharmaceutical drug‚ also referred to as medicine‚ is a chemical substance used in the medication or in the preparation of medication for treatment‚ cure‚ prevention or diagnosis of disease. The definition of the term drug includes articles intended for use in
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Introduction Computer technology plays an increasingly important role in our society today. It penetrates more and more areas of our life‚ not only in business environments but also in daily surroundings. A computer cannot operate without instructions. These instructions‚ so-called computer programs or software‚ may be incorporated in the computer or apparatus‚ but are often created‚ reproduced and distributed on media such as CD-ROMs or transmitted on-line. Once created‚ it is often possible to
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An institutional approach to University patenting: A Summary of Elizabeth Popp Berman’s Paper “Why Did Universities Start Patenting” In the paper “Why Did Universities Start Patenting?” by Elizabeth Popp Berman‚ she uses ’institutional theory’ to explain the rise of the university patenting in the USA. Recent Research shows that university patenting was on a rise since the 1970s and thus the impact of Bayh-Dole Act of 1980‚ which gave universities the right to retain title to government-funded
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management The concept of strategy ➢ Strategy is the great work of organization. In situations of life or death it is the Tao of survival or extinction. Its study cannot be neglected. ----SUN TZU‚ The Art of War.2500 B.C ➢ Strategy is about winning. ➢ Strategy is not a detailed plan or program of instructions‚ it is a unifying theme that gives coherence and direction to the actions and decisions of an individual or an organization. Characteristic of a winning strategy ➢ Goals that
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