Reading Article:”Federal Panel Backs Approval of New Drug to Fight Heart Attacks” 

Reading Article:”Federal Panel Backs Approval of New Drug to Fight Heart Attacks”

  • How would you expect the major producers of statins to respond to the strategies of SanofiRegeneron Pharmaceuticalsand Amgen?
  • Explain why the presence of this new type of cholesterol drug might set off a price war among established producers of statin drugs.
  • Given what you’ve read in the text,how is a price war likely to affect (1) market share and (2) profits?

 

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