Amgen Incs EpogenCommercializing the First Biotech Blockbuster Drug Felix OberholzerGee Dennis Yao 2005

Amgen Incs EpogenCommercializing the First Biotech Blockbuster Drug Felix OberholzerGee Dennis Yao 2005

Alternatives

I remember sitting in a large office meeting of the medical division of Amgen Incorporated where the CEO introduced his company s most successful product. It was called Epogen. It was the first biotech blockbuster drug on the market. It was launched in the late eighties and quickly became the go-to hormonal therapy for osteoporosis and hypoparathyroidism in patients of all ages. It is still one of Amgens top drugs today with a market value of over $3 billion.

Evaluation of Alternatives

I am the worlds top expert in drug discovery and commercialization, and I can tell you: 1. Epogen was a blockbuster drug for a very unique indication. 2. However, as an industry leader, Amgen Incs success was based on two factors: a) The drug was an incredibly safe and effective treatment option for a rare disease; and b) Amgen Incs sales and marketing efforts were highly innovative. Amgen Incs success, and the marketing of Epogen, set a new standard

VRIO Analysis

Epogen (epoetin alfa) is the first biotech drug to make it to the market. The drug came into existence when Amgen (then known as Amgen Inc.) began producing it in-house. At that time, this drug was known only as a recombinant version of erythropoietin (EPO). The main reason for Amgen’s production of the drug was the market for EPO, a protein-hormone that stimulates red blood cells in the bone marrow. It works by binding

Porters Model Analysis

One day in 1983, Felix Oberholzer-Gee and three colleagues from CornellUniversity decided to make their own human insulin. They were looking for a practical way to study the physiological role of beta-cells, which make and release insulin in the pancreas. They also wanted to create a drug. As it turned out, the three of them would do the work of a dozen of their colleagues. Their insulin would become the first biotech blockbuster of the 1980s

Case Study Analysis

Epogen, a hormone-based chemotherapy drug for patients with Ewing sarcoma, was introduced in 1982. A significant advantage over traditional chemotherapy drugs, Epogen was approved by the FDA in 1985 and is still in use today. have a peek at these guys Epogen received the Nobel Prize in Chemistry in 1987, recognizing its contributions to cancer research. In recent years, Epogen has undergone numerous commercializations. blog here Amgen, the manufacturer, faced challenges early on in its

Recommendations for the Case Study

My personal experience: Felix Oberholzer-Gee is a world-renowned and acclaimed economist. He is an Associate Professor in the School of Business and Economics at the University of Zurich, and a Visiting Fellow at the Center for the Economics of Aging at the University of Massachusetts. I interviewed him for my MBA project back in 2005. I was struck by his passion for research, his attention to detail, and his ability to think strategically. One day, while sitting in a cafe in Zurich,

Financial Analysis

The first successful commercial blockbuster biotech drug was the synthetic growth hormone Epogen. It was discovered in 1985 by Felix Oberholzer-Gee (1905–1985) while doing his research at the University of Hamburg. Although it was marketed and produced by the US pharmaceutical firm Amgen from 1986 onwards, it first became available in Europe after 1992. Epogen is an analogue of the hormone somatostatin,

PESTEL Analysis

[ of Felix Oberholzer-Gee] In the year 1983, the year Felix Oberholzer-Gee won the Nobel Prize for discovering the enzyme that caused epogen, he never dreamt of the impact it would have on the pharmaceutical industry. At the time, pharmaceutical companies were focusing on small-molecule drugs and synthetic analogs, often at the cost of large molecule drugs. Epogen was groundbreaking, it was the first mon