1. The alternative that I choose is to do a partnership with Pharmacol. Abgenix wants to be quickly profitable and this alternative would be the most appropriate for this purpose.
This alternative is the one the most in the continuity of what Abgenix usually does which is to start doing test on a certain antibody or in this case cancer treatment. Then Abgenix would sell the access to the research of XenoMouse to Pharmacol, let Pharmacol take the product through human trials, manage the regulatory process and finally take the product to the market after getting the FDA approval.
Since this decision is the most expected by the board of directors, R. Scott Greer the President and Chief Executive Officer of Abgenix won’t have much trouble getting the joint venture agreed. Moreover the different departments at Abgenix, both from research and marketing will see this partnership as a continuity of what has been made before.
The choice of a “hand-off” approach is the one that fits the culture at Abgenix best and won’t meet much resistance within the company. However the choice of the company with which Abgenix has chosen to partner could. On one hand Pharmacol is a good choice because it has the skills that Abgenix lack to get the product through the different steps and to the market, it has the proper salesforce and the right connections to get the product known after the FDA approval and onto the market.
On the other side, Pharmacol is not a company specialized in cancer treatment which is a specific market due to its size (the disease being the second leading cause of death in the USA). Pharmacol realizes that this partnership is a huge opportunity for them which is why the royalties are much higher than with other Abgenix partners.
This partnership is not to be taken lightly. It is at least a 10 year relationship that Abgenix and Pharmacol are getting into. With that in mind, at the end of these ten years the partnership will have brought Abgenix almost $4 billion. This new partnership would open new relationships since Abgenix and Pharmacol have never worked together before.
This is if everything goes according to plan. Is Pharmacol can’t get the FDA approval and the clinical development, the partnership wouldn’t event last 5 years and the profits for Abgenix would be largely reduced.
If we imagine that the product gets the FDA approval, that it passes the clinical trials, and that it is launched on the market, it would have a huge impact on both companies’ reputations. Cancer is a famous disease that costs more than $35 billion just in the USA, being part of its cure treatment would bring Abgenix lots of interest from the biotechnical and pharmaceutical community. This would insure Abgenix to be a viable node in these networks, which is one of the main goals of the company.
Nevertheless, by choosing this partnership with Pharmacol, Abgenix would not partner with Biopart. The latter would have lead Abgenix to develop its field of action by learning how to take a product to the market. Moreover since having a role in a cancer treatment is a great opportunity for both Biopart and Pharmacol and that both companies would have put a great importance on getting the deal signed, Abgenix might make an enemy of Biopart by choosing Pharmacol of at least closing the opportunity for a partnership in the future.
The emotional attachment to ABX-EGF and the great potential repercussion of getting the product on the market is what makes this choice hard to make. Abgenix will have to be careful not to get too close to this product if it would not work. Moreover by having a hand-off approach with Pharmacol, Abgenix wouldn’t have much control over the outcome and need to be prepared if things don’t work out the way they want.
To summarize the different steps by which Abgenix would go through if they sign with Pharmacol: R. S. Greer would have to get the board to agree
Wikipedia, the free encyclopedia Jump to: navigation, search For other uses, see Of Mice and Men (disambiguation). Page semi-protected Of Mice and Men OfMiceAndMen.jpg First edition cover Author John Steinbeck Cover artist Ross MacDonald Country United States Language English Publisher Covici Friede Publication date 1937 Pages 187pp. Of Mice and Men is a novella[1][2] written by Nobel Prize-winning author John Steinbeck. Published in 1937…
Of mice and men The story “of mice and men” by John Steinbeck is about the great depression times. Times when people worked eleven hours or more. Back when people hustle work when possible, people lived on a hand to mouth life. When Lennie was kicked out of weed, Lennie and George went a few miles south where there are green hillsides, golden sands in the sunlight, and warm waters. George and Lennie worked in a field bucking barley under the hot sun. This area had plenty of sunshine but…
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In the novella Of Mice and Men, by John Steinbeck loneliness is a key theme and many characters show this trait. These characters are Curley’s wife, Crooks, Slim, George and Candy. Curley’s wife shows loneliness by always complaining about not being able to talk to anyone and she pesters everyone to talk to her. Crooks shows loneliness be talking to Lennie about what he would do if George didn’t come back from town and he is also the only black person there on the ranch (shows it is what Crooks is…
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Name- Rusha Srinjayi Sen Grade – 9 Subject – English Teacher – Mr.Kent Date – Thursday 20th, November 2014. Of Mice and Men Summative Essay Question : Explain the value of relationships in this story, and how this contrasts to the problem of loneliness. Be sure to include insight about the value of this idea in society. Written by John Stienback, Of Mice and Men, is a story about two uncommon friends, George and Lennie who travel and work from place to place so that they can earn enough money…
Of Mice and Men Literary Analysis Everyone at some point in their life has been or knows someone who has experienced loneliness. In the novel Of Mice and Men by John Steinbeck, the author Mr. Steinbeck incorporates many different themes. A major theme is how loneliness affects everyone is some type of way wether it is one of our main characters in George, a female in Curley's wife, or some one of a different race in Crooks. This comes to show loneliness affects everyone regardless of age, sex,…
English- Control Assessment ‘Of Mice and Men’ Of Mice and Men is a short novel written by the author John Steinbeck, in which he explores the themes of friendship and loneliness. Following the lives of the 1930s ranch workers, and the hope of achieving the ‘American Dream’ and how events can conspire against the realization of ones dreams. For, Steinbeck’s characters, the dream of land represents independence and honour, George and…
Aaron Hoenig 11/7/12 4A Loneliness in Of Mice and Men One of the most important themes in Of Mice and Men by John Steinbeck is loneliness. Multiple characters in this book are lonely, and all in very different ways. Lennie is a very lonely character. Because of his mental capacity people do not understand him. Curley’s wife is one of the most obvious lonely characters because the only person she can talk to is her husband. Another lonely character is George even though on the outside he does…
Of Mice and Men Of Mice and Men is a book written by John Steinbeck in 1937. The book Of Mice and Men is about two men named George and Lennie. George is a smart but smaller man, whereas Lennie is very big and strong but has a mental disability. They find work at a ranch but soon find themselves in a dangerous situation when Lennie has accidentally killed the wife of Curley, who is their boss’s son. Curley vows to kill Lennie, but before he is able to do so George chooses to take the life of his…