Management 306 Final Memo Write a business memo responding to one of the followi

Question

Management 306 Final Memo Write a business memo responding to one of the following prompts RU-32 You're the CEO of a global pharmaceutical company. After decades of work (and the investment of hundreds of millions of dollars) your scientists have come up with a major breakthrough. Your new drug, RU-32, is a low-cost anti-diabetic medication that dramatically stabilizes insulin levels. If approved, your company will own the patent on a drug worth billions of dollars. However, during Phase Ill clinical trials, unexpected complications arose, and approval by the FDA is now unlikely. Without FDA approval, you cannot sell RU-32 in the U.S. and most developed countries. However, other countries-primarily developing countries-will allow you to market the drug without U.S FDA approval. You must choose whether to stop all development and cancel the program, or proceed with manufacturing for sale to citizens of developing countries Inform the Board of Directors of your decision. Write a memo explaining your position and your reasons. Be specific and use detailed examples to support your main points. Press-Enterprise A statistic taken from the Press-Enterprise states that the average American worker spends about 1.8 hours of every eight hour work day surfing, etc.), Estimates suggest this lack of productivity costs American business hundreds of on non-work activities (e.g. personal phone calls, internet millions of dollars annually, but workers say focusing eight hours a day strictly on work-related Additionally, workers argue they need to schedule appointments and daily activities when businesses are open. In your opinion, which side makes a stronger case? Write a persuasive memo to your business arguing one side. Be specific and use examples to support your main points s unreasonable and impossible considering we work more hours than ever before. detailed F2 F3 F8 F10

Explanation / Answer

To

The Board of Directors

From: Mr.X

Name of Pharma Company

03.19.2018

The purpose of the memorandum is to provide an insight about the current business challenge we are fa c ing in the area of FDA approval for our new drug ( RU 32). After years of hardship and huge investment in research and development we come up with new drug which is very competitive and unique of its kind. But we are facing challenge in getting approval from FDA USA which is very much required for our market expansion and product launch in US. At the same time without FDA approval we can reachout to some countries outside. My suggestion is to start exploring those countries which will help in getting a steady income out of the new drug and parallely we can workupon the challenges which can finally get a pass from FDA. Otherwise it will demotivate our research team and whole effort will get spoiled.

Kindly let us review on this and inform your opinion which is very important from the business and corporate point of view.

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