Case study of one pharmaceutical transnational - GSK

studied byStudied by 0 people
0.0(0)
Get a hint
Hint

What does GSK stand for?

1 / 15

flashcard set

Earn XP

Description and Tags

16 Terms

1

What does GSK stand for?

GlaxoSmithKline

New cards
2

How large of a company are they?

They are one of the largest vaccine companies in the world

New cards
3

How many of their vaccines were distributed to LIDCs/EDCs in 2014?

80%

New cards
4

What does their missions statement say?

They want to positively impact the health of 2.5 billion people by the end of 2030

New cards
5

What does their R&D focus on?

-Infectious diseases, HIV, respiratory/immunology, oncology

New cards
6

What are some of their most well-known/well-renowned scientific breakthroughs? (‘69)

-In 1969, Ventolin was launched by Allen and Hanburys (a company that was later absorbed by GSK)

New cards
7

What are some of their most well-known/well-renowned scientific breakthroughs? (‘72)

-in 1972, they discovered amoxillin which is a penicillin antibiotic used to fight bacterial infections → it is on WHO’s list of essential medications

New cards
8

What are some of their most well-known/well-renowned scientific breakthroughs? (‘87)

-in 1987, zidovudine (brand name = Retrovir) was launched by Wellcome (another company that was absorbed by GSK) → it became the first approved treatment for AIDS

New cards
9

What are patents?

-Exclusive rights granted for an invention
-They are part of the knowledge economy

New cards
10

How many patents does GSK have globally, and what are the main things they have patented?

-GSK have 14,306 patents globally
-However, they are no longer enforcing their patents in the poorest countries
-The main things they have patented are potential cancer treatments, some of which have over 200 citations in academic articles

New cards
11

How many people does GSK employ in R&D, and how much do they spend per year researching new medicines?

-13,000 people
-They spend more than £3 billion a year researching new medicines

New cards
12

Where are their R&D departments located?

-All are in ACs

New cards
13

Where are their manufacturing locations?

-Mostly in ACs eg the UK, USA, Australia
-They do have some in EDCs eg China, India

New cards
14

What are the characteristics of drug manufacturing?

-High cost → $3 billion spent per year on research
-High risk → unknown whether the drugs they are investing in will work + investors will get a return on the investment, or whether they will turn out to not work
-Need for highly skilled employees as they are working in highly specialised areas

New cards
15

Their global flows for distribution - vaccines

-Have been partnered with Gavi (the vaccine alliance) since 2000 and has supplied it with more than 1 billion doses since 2010
-Helped with supplying the polio vaccine to UNICEF + have contributed billions of doses to the Global Polio Eradication Initiative since 1988 (countries include Afghanistan + Pakistan as polio is endemic there)

New cards
16

What is GSK’s ethical policy?

-They basically try and help out the developing world:
-they provide 3 HIV/AIDS drugs to LIDCs at a significant discount
-investing 20% of its profits from sales in each developing country into that country’s health infrastructure
-granting licences for the manufacture of cheap generic versions of its patented drugs

New cards

Explore top notes

note Note
studied byStudied by 23 people
... ago
5.0(1)
note Note
studied byStudied by 6 people
... ago
5.0(1)
note Note
studied byStudied by 9 people
... ago
5.0(1)
note Note
studied byStudied by 15 people
... ago
5.0(1)
note Note
studied byStudied by 110 people
... ago
5.0(1)
note Note
studied byStudied by 142 people
... ago
5.0(1)
note Note
studied byStudied by 30 people
... ago
5.0(2)
note Note
studied byStudied by 35 people
... ago
5.0(1)

Explore top flashcards

flashcards Flashcard (81)
studied byStudied by 12 people
... ago
5.0(2)
flashcards Flashcard (71)
studied byStudied by 93 people
... ago
5.0(1)
flashcards Flashcard (57)
studied byStudied by 1 person
... ago
4.0(1)
flashcards Flashcard (37)
studied byStudied by 13 people
... ago
5.0(1)
flashcards Flashcard (41)
studied byStudied by 52 people
... ago
5.0(1)
flashcards Flashcard (25)
studied byStudied by 1 person
... ago
5.0(1)
flashcards Flashcard (30)
studied byStudied by 1 person
... ago
5.0(1)
flashcards Flashcard (60)
studied byStudied by 11 people
... ago
5.0(1)
robot