This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Brand Name Drug Industry Dynamics Market approval in the US for new pharmaceutical products is a ... (Read 98 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jul 1, 2018
Brand Name Drug Industry Dynamics Market approval in the US for new pharmaceutical products is a long, arduous, and expensive process. Once approved, patent protection keeps close substitute products from entering for some years. If the demand for a particular product is stable, what would you predict for the profitability after approval and prior to patent expiration?

Question 2

This factor contributes to the winner's curse
 a. your estimate of the value of the object was not the most optimistic
  b. your bid was the highest
 c. there were not many other bidders you had to beat out
 d. you shaded your bid too much


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebenov

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

The prices and profits should be relatively constant over this period. There may be an initial period when the drug maker must inform the potential customers of the benefits of this product that will make demand and prices lower. But, after that, these firms enjoy a stable monopoly.

Answer to Question 2

b


fnuegbu

  • Member
  • Posts: 539
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

A new drug development timeline, with the four phases of drug approval A new drug development timeline, with the four phases of drug approval
Single-dose drug administration. Pharmacokinetic values for this drug are as follows: onset of ... Single-dose drug administration. Pharmacokinetic values for this drug are as follows: onset of ...
Summary of Antidiabetic Drug Classes Summary of Antidiabetic Drug Classes
Example of “drug facts” labeling on the box of an OTC drug. Example of “drug facts” labeling on the box of an OTC drug.
Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ... Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ...
Dynamics of Capillary Exchange Dynamics of Capillary Exchange
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library