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March 2nd PowerPoint Presentation

March 2nd

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March 2nd

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  1. March 2nd

  2. 1. Which of the following is true? • The FDA pulled Vioxx from the market • Merck shares are trading about $35 • Pfizer has pulled both Celebrex and Bextra from the market • Merck has several blockbuster drugs ready to release on the market

  3. 2. According to Raymond Gilmarten CEO of Merck • Merck spends about $3 billion a year on new drug development • When a drug goes off patent, you lose about 80 percent of the business in the first year • If you're a smaller company, you could be very well one or two drugs away from failure • All of these are true

  4. 3. According to the current event • Norvir is a drug for hypertension • Abbott Laboratories raised its price for an annual supply of Norvir from $1,600 to $7,800 • Norvir was found to be ineffective, had serious side effects and was pulled from the market • All of these are true

  5. 4. Which of the following is true • I will be having a Journal check next Thursday • Our second mid-term is scheduled for Tuesday March 21st at 8:00 a.m. • Both a and b are true

  6. 5. Which annual awards show where they hand out a golden “Oscar” will be held this Sunday? • The Academy Awards • The Grammys • The Tony Awards • The Espys