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The Inner-Workings of Biogen Idec Inc.

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  1. Introduction
  2. Recent developments in the industry
  3. Ethical issues facing the industry
  4. Conclusion

As noted earlier in this report, Biogen Idec Inc. is an amalgamation of strengths. It has been the merger between IDEC Pharmaceuticals and Biogen. These two pharmaceutical giants have been as one corporation only as of November of 2003; therefore, there have been a very small number of developments within the company. The main focus will be on the merger itself.
The merger was completed on November the 12th establishing a global biotechnology leader under the symbol ?BIIB? on the Nasdaq exchange. William H. Rastetter, Ph.D., the company's Executive Chairman, explains, "Based on [their] existing collaboration in oncology, [they] knew that this combination would be an excellent fit, both operationally and culturally.? The Board of Directors of Biogen Idec is consistent of twelve directors, six from each company.

[...] They do not waste resources on workers as the process is highly computerized, but they have a perfect amount of workers to handle all the processes and testing necessary. We believe this is a success for them because every person knows their job well, and is trained in many aspects. The costs of quality are very wisely spent. The time and money spent on prevention and appraisal ensures that the end product is the best it can possibly be. Instead of focusing on correcting problems after they happen to focuses on catching them as they are happening so they can be corrected them or not letting them happen at all. [...]


[...] The Inner-Workings of Biogen Idec Inc. As noted earlier in this report, Biogen Idec Inc. is an amalgamation of strengths. It has been the merger between IDEC Pharmaceuticals and Biogen. These two pharmaceutical giants have been as one corporation only as of November of 2003; therefore, there have been a very small number of developments within the company. The main focus will be on the merger itself. The merger was completed on November the 12th establishing a global biotechnology leader under the symbol on the Nasdaq exchange. [...]

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