BIO375H5 Lecture Notes - Lecture 6: Orphan Drug, Sensitivity Analysis, Medical Device

91 views4 pages
24 May 2017
School
Department
Course
Professor

Document Summary

Before the clinical test you have to submit the ind. After the clinical test you have to submit the nda. Must do market research before selling your product. Why do you want to do market research? (4 major reasons) Birthday cake story: need to know who is the competitor. If the product is not competitive then you may struggle in the market. After you forget it fda approved and ready to insert into the market but the market is not competitive enough then it is useless. Substitute product are not necessarily the same type of product but it has the same indication. Indication: which chemical useful in treating the disease. What if the disease is the same (but different classes) You want to see if it is considered the same indication. Which price you should set for the product so its competitive and reasonable. Don"t adjust the price as high as possible but it should be reasonable.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related textbook solutions

Related Documents

Related Questions