This website uses cookies to ensure you have the best experience.

# Comprehensive Problem, Medical Research Corporation Essay

866 words - 3 pages

Dr. Harold Wolf of Medical Research Corporation (MRC) discovered a unique electronic stimulator that is said to have the capability of reducing the pain from arthritis. Even though the Federal Drug Administration (FDA) still has to approve the device, and the testing is in the early stages, the interest generated is powerful. Dr. Wolf has received three offers from interested parties and needs to decide which offer would make the most business sense. Offer One includes additional monetary incentives depending on the success of the device, Offer Two proposes a percentage of profits that would increase as sales are expected to increase and the final offer is the setup of a trust fund in an annuity over the next eight years. For discussion purposes here, each offer will be calculated to find the present value and then summarized; the offer with the highest present value will be identified for Dr. Wolf to review.Offer OneIn this offer, Dr. Wolf is expecting a future value of \$4,200,000 in 15 years at a 10% interest rate, in which the probability of the expected future value is 70%. The numbers used in getting the future value is to add the present values of \$1,000,000, \$200,000, and \$3,000,000. The present value for the first offer is \$1,005,446.61 which is an increase of \$3,194,553.40 for the future and since this calculation has a 70% probability of happening, the first offer would be a good decision. See the calculations below:FV=1,000,000 + 200,000 + 3,000,000 =\$4,200,000N =15I =10%PV=\$8,974,419.42Offer TwoIn this offer, 30% of the buyer's gross profit on the product for the next four years is the incentive Dr. Wolf must decide on. Zbay Pharmaceuticals would be the buyer whose gross profit margin was 60%. If offer two were accepted by Dr. Wolf, his future value after just four years would have amassed approximately \$3,138,300. This value assumes that he did not withdraw his profits and let the balance sit and gain 10% interest on the balance of the money and that sales grew by 40% in each of the subsequent years as anticipated by Zbay. Waiting till the fourth year to withdraw funds allowed the unused balance to compound interest payments. In general, this would be a good decision for the Dr. to accept, even considering the tax consequence that he would assume at the end of the four years. With the product not being approved by the FDA, Zbay Pharmaceutical has assumed all the risk which makes the offer even more lucrative.PV:2,000,000 the first year and 40% Growth each additionalFV: \$5,488,000N: 4 yearsPV Profits: \$360,000 year...

## Find Another Essay On Comprehensive Problem, Medical Research Corporation

### Autism and Implications of Evidence Based Research on Therapeutic Interventions in Youth

969 words - 4 pages developmental disabilities. Authors Shane Harvey, Diana Boer, Luanna Meyer, Ian Evan sought to conduct an extensive systematic meta-analysis of the literature published on research studies in regards to problem behaviors in children with developmental disabilities. Harvey, Boer, Meyer, and Evans attempt to replicate as closely as possible a research study first published approximately two decades ago on a comprehensive meta-analysis of behavior

### essay about physical rehabilitation medical - University - Medicine

2060 words - 9 pages effects of therapeutic exercise and physical modalities like short-wave diathermy and ultraviolet radiation on patients with military-related disabilities, back pain, and postsurgical musculoskeletal complications. In 1941 Dr. Krusen published Physical Medicine, the first comprehensive textbook on that topic. He is also credited with coining the term “physiatrist” [5]. During the middle and latter part of the century, improvements in medical care

### Medical Errors: Exploring the Healthcare System's Role in Errors

2699 words - 11 pages to eliminate medical errors and the concept of blaming individual for medical errors does not work towards eliminating instances of medical error occurrence. The importance of designing an effective safety system can therefore not be overemphasized at this point because a comprehensive healthcare safety system attacks the problem of medical errors in three stages (Agency for Healthcare Research and Quality 2003). In the first stage, a

### The primary internal and external influence on the General Motors Corporation

3834 words - 15 pages Corporation. The total expense on employees is almost twice as much as the workers in other industry in the United States, and much more than the employees in competitors' factories, such as Honda and Toyota. (Benders and Morita, 2004) The union is blamed as the reason of the uncompetitive of the General Motors Corporation and the crisis of the automobile industry. However, the methods to deal with the strong political power are the problem to the

### Conventional Medicine vs. Alternative Medicine

1741 words - 7 pages Donsbach, 1992). It is believed, that conventional treatments branched off of CAM treatments because of when they started being in use. There is some research or knowledge about complementary and alternative medical treatments; however, more needs to be done. More research needs to be done so that a plethora of different people can make wise decisions. It is known that most CAM treatments are used for allergies. Complementary and alternative

### Medical Research in the U.K. is Being Suffocated by Excessive Governance and Ethical Review

4647 words - 19 pages research in their local communities.[8] The chief medical officer introduced "pertinent local issues" as a bid to clarify and decrease time delays in determining community considerations.4,[9] This brought some light to standardising approval methods, although other problems remained. It became necessary for multiple research applications to be submitted to each LREC and again the original problem of inconsistencies and

### Corporations and Health Insurance vs. White Collar American

727 words - 3 pages resulted in this family to divorce. This happened so that the spouse could qualify for welfare just to meet the child’s medial financial needs. Families feel that this is the only logical solution to their financial problems. This should not be the only option. What is the problem? The problem with this situation is that the company targeted the family as a liability because the child’s medical situation creating financial burden for the

### Communication and Leadership in Health Care

2474 words - 10 pages Introduction This paper employs multiple research techniques and sources to give a holistic analyst of the partnerships developed with people from different division of a healthcare organization. I identify problems from my personal experience as an Ophthalmic Technician and System Analyst for the Department of Ophthalmology at The Ohio State University Medical Center. The Literature Review, Analysis, and Solutions sections are based on

### Cognitive Behaviorial Therapy to Treat Somotoform Disorders

2585 words - 11 pages distress that would appear to have a medical basis but which cannot be explained by either a general medical condition, direct effect of a substance, or any other mental health disorder. Patients who suffer from somatoform disorders firmly believe that the pain they are experiencing stems from a physical problem rather than a mental one; indeed, that is a fundamental aspect of the disorder. Somatoform disorders range from a simple and persistent pain

### GIS Reports

2266 words - 9 pages Program achieve the above benefits. 1. World-wide expertise in combining evaluation with technology. 2. Understanding of India’s landscape and culture. 3. Technical skills to understand, process, and provide integrated data for evaluation. 4. Evaluation, research, and content area expertise to generate innovative, research-oriented findings and recommendations. Our company, Mosaic Network consists of Mosaic India and Mosaic USA

### Medicinal Marijuana in Texas

2337 words - 10 pages 2014." American Cancer Society. American Cancer Society, n.d. Web. 25 Apr. 2014. . "Cannabis Anticonvulsant Shakes up Epilepsy Treatment." Continuing Medical Education 30.11 (2012): 405. Academic Search Complete. Web. 22 Apr. 2014. "Comprehensive Cancer Information - National Cancer Institute." Comprehensive Cancer Information - National Cancer Institute

## Similar Essays

### Health Care It And Quality Health Care

1321 words - 6 pages Research and Development (RAND) Corporation (2013) believes that this is especially important in the emergency department, where duplicate testing is common due to the high level of medical severity and low availability of patient medical information. HIT can also create dramatic savings through increased safety and efficiency. The RAND Corporation (2005) determined that widespread adoption of HIT systems including CPOE could reduce adverse drug events

### The Role Of Post Marketing Surveillance In Clinical Trial

1241 words - 5 pages a specific time. Controls with same medical problem, who are not talking the drug of interest and who may be examined in parallel. If any adverse reactions exist, prospective cohort studies can be performed to define drug's beneficial as well as harmful effects ( 61). Finally, case control studies. In these studies, patients with harmful effects are recognized to be studied and compared with the controls (sample) designed from the same group

### What´S Medical Tourism? Essay

1362 words - 6 pages , there are not many medical tourist that identify clearly their primary purpose of visiting UK is to have medical treatment. Last, the calculation of cost is based on small samples from the published literature. Thus, the results are not strong enough to represent the findings. On the other hand, the strength of the research methods is the authors using two and more research methods in collecting their data. The authors used comprehensive perspective

### Sun Microsystems, Inc Essay

923 words - 4 pages bandwidth in the workstation product line with uniprocessor, dual-processor, and quad-processor configuration, and is well-suited for simulation, design and analysis, modeling and virtual prototyping, animation, imaging and visualization, medical imaging, research and development and financial modeling. Enterprise Services provides global services and support for heterogeneous network computing environments, including system/network management