GMS 802 Lecture Notes - Lecture 3: Ivermectin, Helminths, Market Town

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 802
• Professor: Jian Guan

Document Summary

Question 1: what are the basic facts: merck & co is one of the world"s largest pharmaceutical companies with sales of 1. 98. Billion and a net income of 307 million. Merck continues to invest hundreds of millions every year into research and distribute them across a wide range of ongoing projects. On average it takes merck & co 12 years and 200 million dollars to develop and bring a new drug into the market. Many potential drugs for rare diseases never end up being produced because of the small chance a company has on recouping their investment and the treatment couldn"t be priced that high. Congress made a decision to encourage companies to produce drugs for rare diseases and how they encouraged them is by proposing tax benefits and exclusive market rights for seven years. River blindness which is also known as onchocerciasis which is mostly found in 35 developing countries.