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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2799 |
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After Phase III, Merck would file for a New Drug Application which is then reviewed by the FDA. Phase IV can be used if Managed Care Organizations (MCOs), outside researchers or the FDA requested for more study and evaluation after the drug is approved and goes into the market.
A third strength for Merck is the hiring and appointing of top-notched doctors, researchers, and scientists in the Merck Research Labs (MRL)...
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In 1985, the organization appointed Dr. Edward Scolnick as head of MRL who like his predecessor, Dr. Roy Vagelos, continue to increase MRL profile, access to resources and encouraging researchers to publish their research in science journals. One top-rated biologist indicated that the reason he moved from academic to joining Merck because scientists are valued and first-rate science is done (Gilbert and Sarkar 4)...
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