Morgan Life Case Study

yale case 08-021 february 15, 2008 Morgan Life Sciences Ben Flaumenhaft 1 Constance E. Bagley2 (The following case is a fictional account, ground on actual fact patterns from judiciary cases) Morgan Life Sciences Inc. was a biotechnology firm headquartered in Waltham, Massachusetts. Initially, it fondness on generic and over-the-counter medications, which it manufactured and distri besidesed to drugstores and supermarket chains. Morgan completed a successful initial public offering in 1994, precisely by the late 1990s, the generics market had become increasingly competitive. Morgan energize lost ground as its larger, low-cost competitors pushed prices relentlessly downward. The Morgan wag promoted Wendy Shaw CEO in 1999. Recognizing that Morgan needed a major promote of course, Shaw cut capital expenditures to the bone. Over the next five eld the union built a decent stockpile of cash, rouse down as its market share shrank. Meanwhile, she persuaded Morgans ro om that the company should invest in biotechnology. Shaw, who held a doctorate in biochemistry, was magnetic and engaging. She quickly assembled a sophisticated, well-connected Scientific consultatory Board. In 2005, the Board made its first big regard when it recommended hiring Andrei Petrozzi.

Andrei Petrozzi The Italian-born Petrozzi was a Professor of Biochemistry at the University of Massachusetts. In 2002, Petrozzi had developed a impertinent kind of monoclonal antibody and shown that it was legal at trash pubic louse in rats. The antibody, which Morgan called mexotinab (MXB), was a possible effective treatment for maxwells Leukemia. (This case describes several drugs and disease s. Although based loosely on real science, t! hey are fictional. Exhibit 1 summarizes these drugs and diseases.) Petrozzi, a self-aggrandising academic scientist, was new to the private field and excited slightly the transition to applied research. After negotiating a generous earnings package, Petrozzi joined Morgan on April 19, 2005 as feebleness President...If you want to need a full essay, order it on our website: OrderEssay.net

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