Developing new drug to treat diabetes

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Use the MBCA PharmaHealth Inc. has been developing a new drug to treat diabetes. It has engaged in numerous studies and used the services of several scientists and doctors. Just before the company was ready to request FDA approval of the drug, another drug company began marketing a similar drug. PharmaHealth's p. 185stock price has plunged. Discuss whether the directors have any liability for their decision.

Reference no: EM133576355

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