Description: Ten major pharmaceutical companies have decided to collaborate under the guidance of National Institute of Health to develop new drugs for major diseases. This is a major departure from the way pharmaceutical companies have traditionally worked.
Source: CBC
Date: Feb 04, 2014
Link: http://www.cbc.ca/player/News/Business/ID/2434950263/
Questions for Discussion:
- List the benefits of such a collaboration?
- What are the possible motives for pharmaceutical companies to collaborate given that traditionally these firms have worked alone?
- What would happen in the event that a new drug is found? Can it mean that these companies can charge a premium for the drug as there is no competition?
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