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... research as well as development of new drugs, a firm can benefit for the most part. Also this will consequently help to maintain international competitiveness and accomplishment for a company; when the drug it produces meets other nations set standards.
Economics
/Challenges facing the pharmaceutical industry
There are various threats that face the pharmaceutical industries. Among them include the challenge of surviving and succeeding in a complicated and an indecisive environment.
Details
| language |  | english |
| wordcount |  | 1553 (cca 4 pages) |
| contextual quality |  | N/A |
| language level |  | N/A |
| price |  | free |
| sources |  | 5 |
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Preview of the essay: Challenges facing the pharmaceutical industry
Challenges facing the pharmaceutical industry In regard to the intensity of research output related to pharmaceutical companies, two vital features have surfaced. First, firms have realized that while research goes up the technology arc not only turn out to be more difficult and costly, but also the output level start to turn down. Second, as the magnitude and complication increase, it leads to organisational inefficiencies (Chapman 1999, p.103). This amalgamation of technological intricacy, swelling of cost, ...... research as well as development of new drugs, a firm can benefit for the most part. Also this will consequently help to maintain international competitiveness and accomplishment for a company; when the drug it produces meets other nations set standards.
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Economics
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