Genzyme’s Gaucher Initiative: Global Risk and Responsibility

Genzymes Gaucher Initiative: Global Risk and Responsibility In melodic phrase to other biotechnology firms, Genzyme began focusing on supplying natural materials (enzymes), fine chemicals and reagents to large search laboratories and pharmaceutical companies. The company rudiments, from the actually beginning, for generating capital to finance new projects was to use revenues to raise hard cash lights and to create a track record that would allow it to blood line further growth. The company was founded in 1981 on the conservative whimsy that it should use revenues generated by selling reagents to generate cash flow and to create a track record that would allow it to computer storage further growth. Key factors that summarize the reasons for the rise of Genzyme from its marginal localisation in the high-risk biotechnology business to become a global player are as follows: Unique letters patent: The scheme to manufacture cerezyme enzyme, a product that treats the sufferers of Gaucher disease was unique. This was because thought and deriving the compound was extremely difficult. At the time this research was initiated, the treatment of choice was bone marrow transplantation, an extremely costly procedure. Producing a product that would reach the barren therefore make great sense as the bio-tech industry had cut throat competition.

This drug would give Genzyme an image putting the need for the needy ahead of monetary gains. NIH Relationship: The long term human relationship with the National Institute of health (NIH) allowed Genzyme access to important reading regarding the procedure to produce Cerezyme enzyme. The relationship with NIH helped Mr. Blair obtain a issue to manufacture and supply enzyme glucocerebrosidase (GCR), that was being used y Dr. Roscoe in research on Gaucher. This contract played along with the strategy to have constant cash flows to finance future projects of the company. strategical Principles: Upon appointment, Henri Termeer initiated several discussions... If you want to get a full essay, come in it on our website: Orderessay

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