Buy custom Merck & Company: Evaluating a drug licensing opportunity
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Business
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Number of pages / Number of words: |
4 / 887 |
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Merck would be responsible for paying the initial fee, the royalties on all sales and make additional payments as Danavrik completed each stage of approval process. The approval process should take 7 years and the patent will cover 17 years (10 years of exclusivity beginning in year 7). Merck determined the probabilities of success in each of the three phases and also the costs that would be associated with each phase based on historical information...
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Merck would be responsible for paying the initial fee, the royalties on all sales and make additional payments as Danavrik completed each stage of approval process. The approval process should take 7 years and the patent will cover 17 years (10 years of exclusivity beginning in year 7). Merck determined the probabilities of success in each of the three phases and also the costs that would be associated with each phase based on historical information...
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