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Market approval in the US for new pharmaceutical products in a long, arduous, and expensive process. Once approved, patent protection keeps substitute products from entering for some years.
a. if the demand for a particular product is stable, what would you predict for profitability after approval and prior to patent expiration? Why?
b. what would you predict for the profitability of pharmaceuticals product after the patent expires? Why?
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A statement that expresses the income statement items as a percent of total sales is called:
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what about Bill Maxwell article
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