...Biosimilars – Does it reduce healthcare cost or not? As the US healthcare costs are skyrocketing, the legislators are making intensive efforts to find new ways to reduce them. One approach is to reduce the high cost of biologic drug products. Having the intention to reduce healthcare costs, the Congress established an abbreviated approval pathway for biosimilars as part of the Affordable Care Act (ACA), which became law in March 23, 2010. The Affordable Care Act authorized the US Food and Drug Administration (FDA) to develop regulations for the approval of biosimilars. As a matter of fact, the benefits of biosimilars to all its stakeholders seem modest due to the complexity of biological molecules, challenging manufacturing processes, expensive clinical studies and the barriers to market access. Unlike chemical-based prescription drugs, biologic drugs are derived from living cells. They are used to treat cancers, immunological diseases and other chronic illnesses. Biosimilars are generic versions of biological drugs that are similar to innovative biological drugs. The Patient Protection and Affordable Care Act (PPACA) became law in 2010. Section XII of the law allows an abbreviated approval pathway for biosimilars. FDA is currently developing a specific regulatory route to govern the abbreviated approval process for biosimilars. There are no biosimilars approved in the US under the law yet, but more than 17 Investigational New Drug (IND) Applications for biosimilar development...
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...Introduction 02 Task 01 2.1 History of Kent Chemical Kent Chemical was founded in USA in the year 1917 as a rubber producing company. Fisher family owned 10% of the stock and was one of the major shareholders. The company had two major divisions namely Kent Chemical International (KCI) and Kent Chemical Products (KCP) and three core business lines were recognized for Kent Chemicals - consumer products, fire protection products and medical plastic in domestic and global market. Kent Chemical Products has grown throughout the years from its core domestic business to an international operation struggling to fully integrate globally. 2.1.1Milestones that ken chemical went through from 1998 to 2007 to increase the revenue from international market For many years, Kent’s overseas operations were regarded as a source of incremental sales through exports, licensing agreements, and minority joint ventures (JVs). But, this view changed in 1998, when Ben Fisher, KCP’s newly appointed CEO, publicized that a more “focused strategic approach to global expansion would be his top priority” * Morales began implementing the global integration strategy by taking majority interested in kents 15 offshore JV s, attaining other overseas companies and generally escalating global presence. Therefore there was rapid international growth from $139 million in 1999 (1% of the revenue) to $598 million in 2007 (27% of revenue) * Regional directors had managed subsidiary and JV managers in...
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...Eastman Chemical Company - Executive Summary Eastman Chemical Company, which was spun-off from parent company Eastman Kodak in 1994, was founded by George Eastman in 1920. Eastman Chemical is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Eastman serves customers in approximately 100 countries and had 2014 revenues of approximately $9.5 billion. The company is headquartered in Kingsport, Tennessee, and employs approximately 15,000 people around the world. See link for detailed company information: Timeline Product Structure Eastman is divided into five business segments including: * Additives & Functional Products * Adhesives & Plasticizers * Advanced Materials * Fibers * Specialty Fluids & Intermediates See Appendix A for detailed segment information. Market Eastman Chemical is part of one of the largest and most important industries worldwide. Chemical production in the United States is valued at $42.3 billion dollars annually. Approximately 1,500 companies compete within this market. While many companies manufacture chemical products, revenue generated from chemical product manufacturing comprises only a small percentage of these companies' total revenue. For this reason, no single industry player...
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...Chemical’s Acquisition of Rohm & Haas (2008-2009) MGT 4066 Professor Jayaraman December 7, 2010 Joseph Dennis Kunal Parbadia Robert Pirkle Will Weston Yash Ghogre Overview In mid 2008, Dow Chemical found itself in an industry that had recently been experiencing some consolidation. As one of the giants in the chemical material industry, it needed to maintain its position as an industry leader or else it would probably lose its foothold near the top. Then there is the target, Rohm & Haas, a smaller chemical materials firm, yet still considered a rival of Dow Chemical. Both companies had been in operation for a combined 200 years and have been creating innovative materials that each and every one of us see or use in our everyday lives without even noticing. On July 10, 2008, Dow Chemical announced the acquisition of Rohm & Haas, which had been approved by the Rohm & Haas Board of Directors. This deal occurred during one of the toughest economic times in recent history, which eventually had a profound effect on not only the financial structuring, but also the final execution of the deal, as you will see in the pages to come. About Dow Chemical The Dow Chemical Company was founded on May 18th, 1897 when Herbert H. Dow established a plan to both manufacture and market bleach and potassium bromide on a factory scale level. In the early years of the company’s existence there was a series of pricing wars between both British and German manufacturers of bleach which drove...
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...McKinsey on Chemicals Number 3, Winter 2011 4 22 40 Chemicals’ changing competitive landscape Innovation in chemicals: An interview with Dow Corning’s Stephanie Burns and Gregg Zank Improving pricing and sales execution in chemicals 10 32 46 A capital-markets perspective on chemical-industry performance Capturing the lean energy opportunity in chemical manufacturing Kick-starting organic growth McKinsey on Chemicals is written Editorial Board: Florian Budde, Copyright © 2011 McKinsey & Company. by consultants in McKinsey’s global Philip Eykerman, Bob Frei, All rights reserved. chemicals practice together David Hunter, Tomas Koch, John Warner This publication is not intended to be with other McKinsey colleagues. Editor: David Hunter used as the basis for trading in the shares of any company or for undertaking This publication offers readers insights into value-creating strategies Art Direction: Veronica Belsuzarri, any other complex or significant financial and how to translate these Shoili Kanungo transaction without consulting strategies into company performance. Design Direction: Veronica Belsuzarri appropriate professional advisers. Design and Layout: Shoili Kanungo To send comments, request Editorial Production: Elizabeth No part of this publication may be copies, or to request permission to Brown, Heather Byer, Nadia Davis, copied or redistributed...
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...authorities in USA and UK. International companies associated with this sector have stimulated, assisted and spearheaded this dynamic development in the past 53 years and helped to put India on the pharmaceutical map of the world. Growth Scenario in 2010 India's pharmaceutical industry is now the third largest in the world in terms of volume. Its rank is 14th in terms of value. Between September 2008 and September 2009, the total turnover of India's pharmaceuticals industry was US$ 21.04 billion. The domestic market was worth US$ 12.26 billion. This was reported by the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers. As per a report by IMS Health India, the Indian pharmaceutical market reached US$ 10.04 billion in size in July 2010. A highly organized sector, the Indian Pharma Industry is estimated to be worth $ 4.5 billion, growing at about 8 to 9 percent annually. Know more out this in our article on Indian Pharmaceutical Industry- Future Trends Also check out Pharmaceutical Market Trends 2010 Leading...
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...Executive Summary In July 2008, Dow Chemical announced an acquisition of Rohm and Haas, a specialty chemicals producer, in an attempt to implement its new strategy of pursuing high growth businesses. The financial crisis that hit in the fall and the termination of PIC joint venture called into question Dow’s ability to finance the deal. Based on the valuation models, paying $78/share for Rohm and Haas remained a good value for Dow post financial crisis as the combined company retained its ability to generate synergies. Dow should proceed with the deal as announced to prevent costly litigations and aim for maximizing long-term shareholder value. To avoid being downgraded to junk status and incurring other concerns of financial distress, Dow should attempt to renegotiate the terms of its financing, particularly its $13 million bridge loan. Table of Contents I. The Firms…………………………………………………...…….p. 3 a. Dow Chemical b. Rohm & Haas c. Petroleum Industries Company II. The Acquisition……………………………………………..……p. 3-5 d. The Rationale e. The Valuation f. The Financing III. The Risks……………………………………………………….…p. 5 IV. The Financial Crisis……………………………………….……...p. 5-7 g. The Macroeconomy and Industry h. The Firms i. The Post-Crisis WACC j. The Post-Crisis Valuation k. The Post-Crisis Financing V. The Recommendations……………………………………………p. 7-8 l. The Options m. The Recommendations ...
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...Regulations | | Customer Location | | Competitors | | Patents | | Customers | | Market Intelligence | | Sub Tab | | Drilling Chemicals / Stimulation Fluids / Production Chemicals / Cementing Chemicals / Workover and Completion Chemicals / EoR Chemicals | | Oil Projects / Natural Gas Projects / EoR Projects | | Drilling Chemicals / Stimulation Fluids / Production Chemicals / Cementing Chemicals / Workover and Completion Chemicals / EoR Chemicals | | Drilling Chemicals / Stimulation Fluids / Production Chemicals / Cementing Chemicals / Workover and Completion Chemicals / EoR Chemicals | | Drilling Chemicals / Stimulation Fluids / Production Chemicals / Cementing Chemicals / Workover and Completion Chemicals / EoR Chemicals | | Oilfield Chemicals / Drilling Chemicals / Stimulation Fluids / Production Chemicals / Cementing Chemicals / Workover and Completion Chemicals / EoR Chemicals | | Actual Data | | 1. Existing regulations that oildfield chemicals should comply with . For instance, US EPA Gulf of Mexico nonaqueous-based drilling fluid stock limitation requirements 2. New regulations under consideration | | 1. Project Location Details 2. Production 3. Start of Operations Date 4. Present Status of Project | | 1. Product List and Other details such as Chemistry 2. Production Facilities 3. Sales of Oilfield Chemicals 4. Business Model (upstream presence, chemicals sold, other services such as field trials for customized solutions or Advanced Chemistry...
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...Bangladesh University of Business & Technology {BUBT} REPORT ON Ratio analysis of KOHINOOR CHEMICAL Submitted To Ms Reshma Nowreen Lecturer on Finance Bangladesh University of Business & Technology (BUBT) Submitted By: Group Name: SNOW WHITE Intake : 22nd Section : 03 Program: BBA Course Title: Managerial Finance Course Code: FIN 302 |Name Of Group Members | |ID No | | | | | | | |Md. Tafazzal Islam | |09103101127 | |22nd ...
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...analyzing a product that is included under the home care division, Ajax, a multi-purpose cleaner used in many different cleaning processes both residential and industrial. The main competitor to Ajax is a product called comet that is very similar to Ajax in that it is available in many different forms and scents and the company that produces it is called prestige Brands and they purchased the product in 2005 from the main competitor of Colgate-Palmolive, Proctor and gamble. Both Colgate-Palmolive and Proctor and gamble are members of an association called the American cleaning institute which oversees the representing producers of household, industrial, and institutional cleaning products, their ingredients and finished packaging; chemical producers; and chemical distributors to the cleaning...
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...that have chemicals in them that are harmful to humans and animals and also to our environment. In today's society consumers need to be more aware of the types of chemicals and ingredients that are being used in beauty and personal products. (1) The chemicals and ingredients in these personal care and beauty can be toxic for humans, animals and the environment as a whole. Some of these chemicals that can't be dissolved can soak into the ground or end up into the ocean which is hazardous to wildlife and marine animals, in particular. (2) Proctor and Gamble and Johnson and Johnson are companies that have a lot of beauty and health products that contain these hazardous chemicals. (3) The ingredients in these products can cause side effects like allergies and skin irritation. (4) Microbeads are used in a lot of beauty and personal health products unfortunately they aren't great for the environment because they can absorb toxins and eventually they end up in our waterways and oceans. (5) Some dandruff shampoos have chemicals such as zinc pyrithioze and they have side effects that can cause irritation to the eyes and skin. (6) FDA and U.S. laws, unfortunately, can't regulate and govern these companies that have these products in the market. They can't even enforce companies that label their products "all natural" or organic. It is at the discretion of the company on how much information they want the consumer to know on what is actually in their products. (1) Chemicals in personal...
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...• ICI establishes its first manufacturing site for the production of Soda Ash at Khewra • 1953The Khewra Soda Ash Company is incorporated as a public limited company • 1965ICI Pakistan acquires Fuller Paints Limited • 1966The name of Khewra Soda Ash Company changes to ICI Pakistan Manufacturers Limited • 1968ICI Pakistan Manufacturers Limited commissions its Speciality Chemicals Plant in Karachi • 1970ICI Pakistan Manufacturers Limited sets up a Pharmaceutical Factory in Naryanganj East Pakistan. After 1971, the factory became part of ICI Bangladesh Manufacturers Limited • 1973Fuller Paints changes its name to Paintex LimitedICI Pakistan Manufacturers Limited sets up a Polyester Plant at Sheikhupura with a capacity of 12,000 tons • 1985Imperial Chemical Industries Pakistan (Private) Limited and Paintex Limited merge into ICI Pakistan Manufacturers Limited • 1987The company changes its name to ICI Pakistan Limited • 1991ICI Pakistan PowerGen Limited is incorporated as a public limited company • 1994ICI Pakistan increases capacity of Soda Ash Plant by 50,000 tons • 1996ICI Pakistan increases Polyester Fiber capacity to 60,000 tons and Polymerization capacity to 91,000 tons • 1998ICI commissions its PTA Plant at Port Qasim Karachi • 2000PTA Business demerges to form a separate entity, Pakistan PTA Limited • 2001Soda Ash Site completes Automation Cogeneration & Debottlenecking Project • 2002ICI Pakistan increases capacity of Polyester Plant by 44,000 tons The Pharmaceutical...
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...Who Founded Dow Chemical Dow Chemical Company, and American Chemical and Plastics manufacturer is one of the globe’s prominent suppliers of chemicals, plastics, synthetic fibers, and agricultural products. Dow Chemical was originated by Chemist, Herbert H. Dow, of Midland in 1897. Dow was to support Midland Chemical Company in 1890 and the Dow Process Company of 1895(Dow Chemical Company, (2012)). What is a SWOT analysis? What does a SWOT analysis deliver in regards to organizations; it is a tool that categorizes the strengths, weaknesses, opportunities and threats of an organization? Once the SWOT is completed, it can determine what the firm can do in completing its objectives and what other accomplishments it can achieve to receive satisfying results (Investopedia, 2012). In running a business a SWOT analysis is a useful tool that assists an organization in operating efficiently it determines what financially and productively what an organization needs to do to succeed. Dow Chemical Company SWOT analysis Strengths The Strengths of Dow Chemical in regards to is worldwide processes, in 2007, Dow had $53.5 billion in sales. 150 manufacturing sites in 35 countries. This organization sells its merchandise in over 160 countries (Datamonitor, 2011). The company has many manufacturing operations one which is located in the Lake Jackson and Freeport, Texas area. With more contractors that are coming into the area to work for Dow Chemical not only has it brought in revenues...
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...“Kent chemical: Organizing for Internal Growth” The case “Kent chemical: Organizing for Internal Growth” by Barlett and Wining shows the development of Kent Chemical, a US-based company, from a local rubber producer into a multinational chemical firm which main product divisions are plastic additives, fire protection products and medical plastics. In order to become one of the leading chemical companies in the world, Luis Morales, the president of Kent Chemical, is struggling, after two unsuccessful tries to integrate the regional and the global business, with his decision what the best way to coordinate the company in terms of the organizational change, structure and strategy is. In theory, organizational change occurs if a company changes from a current non-wanted state into a future desired one. According to Wischnevsky, J. and Damanpour, D. (2006) the company has pass through three different stages during this process; first they have to accept that their present situation is not sufficient anymore, secondly the need to develop a future view for the company and thirdly implementing the necessary measures to succeed. To be able to implement those measure correctly an organizational structure is needed. As Jones, G. R. (2012) states, organizational structure is defined as rules and policies to provide a structure on company level where roles and responsibilities are delegated, controlled and coordinated. The three dimensions of organizational structure according to Hill...
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...Executive summary As a course requirement for course, Commercial Bank Management F-402 the report is on a “Analysis of Credit Risk Grading of Navana CNG Ltd.””, which is assigned to us by our honorable course instructor, Md. Sajib Hossain, Lecturer, Department of Finance, University of Dhaka. We were assigned by our honorable course instructor to collect data of our country’s foreign trade, export and import, top five imported goods, top five exported goods, top five import and export destination and trade of balance from the year 1990 to the year 2012, as per instruction we have collected the data from Bangladesh bank library. In this report we have included the yearly export and import which indicates the total amount of import and export of the country per year. And from those import and export payment receipts we have calculated the trade balance which is the result of the difference between the payment of import and export receipts. We have found out the major import and export goods to understand the foreign trade composition. Among them we have specifies the top five goods that are imported for the consumption and top five goods that are exported to other foreign nations to utilize the excess supply. We have also outlined the top five export destinations and top 5 import destinations to figure out the performance of foreign trade. From the analysis we have found out that our most preferred export countries are USA, Germany, UK, France and Japan. And preferred import...
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