Why is it important for a pharmaceutical company to publish data/statistics on drug trials?
Homework Answers
It is important for a pharmaceutical company to publish data statistics on drug trials because in this way they cannot provide fake study results or hide dangerous side effects to get their drug approved which will help them to increase the sales. This is done for public safety concerns and also helps to analyze the company’s manufacturing reliability.
Good luck with your studies!!!
Add Answer to:
Why is it important for a pharmaceutical company to publish
data/statistics on drug trials?
3. A pharmaceutical company is performing clinical trials on a new drug that is intended to...
3. A pharmaceutical company is performing clinical trials on a new drug that is intended to relieve symptoms for allergy sufferers. Twelve percent of the 300 clinical trial participants experienced the side effect dry mouth. What is the population being studied? b. What is the sample being studied? Based on the sample, what percentage of the population do you think would suffer from dry mouth? a. c.
A pharmaceutical company ran a clinical trial to test if drug X cures disease Y. A...
A pharmaceutical company ran a clinical trial to test if drug X cures disease Y. A statistician named Z who is taking BIO 211 was given a task to perform a null hypothesis test. The test was perfect, and the null hypothesis was rejected at the alpha = 0.05 significance level. However, unbeknownst to Z, the company ran 39 extra clinical trials and secretly hired Z’s classmates to evaluate data obtained from each independent trial with the same null hypothesis...
A pharmaceutical company ran a clinical trial to test if drug X cures disease Y. A statistician n...
A pharmaceutical company ran a clinical trial to test if drug X cures disease Y. A statistician named Z who is taking BIO 211 was given a task to perform a null hypothesis test. The test was perfect, and the null hypothesis was rejected at the alpha = 0.05 significance level. However, unbeknownst to Z, the company ran 39 extra clinical trials and secretly hired Z’s classmates to evaluate data obtained from each independent trial with the same null hypothesis...
* 11. A pharmaceutical company is testing the effectiveness of a new drug for lowering cholesterol....
* 11. A pharmaceutical company is testing the effectiveness of a new drug for lowering cholesterol. As part of this trial, they wish to determine whether there is a difference between the effectiveness for women and for men. The data set summarized in the Minitab output below. If we assume that the population variances are equal, what is the 1% critical value? Descriptive Statistics: M, F Variable M N 8 7 N* 0 0 Mean SE Mean St Dev Minimum...
A pharmaceutical company plans to test a potiental anti-cancer drug on human subjects, The drug will...
A pharmaceutical company plans to test a potiental anti-cancer
drug on human subjects, The drug will be administered in pill form.
How would this study be designed so that appropriate controls are
in place?
In many countries such as the US, when a pharmaceutical company discovers a new drug, it...
In many countries such as the US, when a pharmaceutical company discovers a new drug, it can apply to the government for a patent on the new drug. The patent gives the company the exclusive right to sell the new drug for a long period of time, such as 20 years. In other words, the pharmaceutical company is a monopolist in the market for the new drug. Suppose the market demand for the new drug is shown as below: Price...
A newspaper article highlights the fact that the last 2 clinical trials by a pharmaceutical company...
A newspaper article highlights the fact that the last 2 clinical trials by a pharmaceutical company have failed. This is an example of: Select one: O a market risk. b. media risk. c. inflation risk. d. default risk. O e current risk.
You work for a pharmaceutical company that has developed a new drug. The patent on the...
You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17years. You expect that the drug's profits will be $1 million in its first year and that this amount will grow at a rate of5% per year for the next 17 years. Once the patent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero. What is the present value of...
You work for a pharmaceutical company that has developed a new drug. The patent on the...
You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. You expect that the drug's profits will be $ 1 million in its first year and that this amount will grow at a rate of 4 % per year for the next 17 years. Once the patent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero. What is...
You work for a pharmaceutical company that has developed a new drug. The patent on the...
You work for a pharmaceutical company that has developed a new drug. The patent on the drug will last 17 years. You expect that the drug's profits will be $ 2 million in its first year and that this amount will grow at a rate of 5 % per year for the next 17 years. Once the patent expires, other pharmaceutical companies will be able to produce the same drug and competition will likely drive profits to zero. What is...
3. A pharmaceutical company is performing clinical trials on a new drug that is intended to relieve symptoms for allergy sufferers. Twelve percent of the 300 clinical trial participants experienced the side effect dry mouth. What is the population being studied? b. What is the sample being studied? Based on the sample, what percentage of the population do you think would suffer from dry mouth? a. c.
* 11. A pharmaceutical company is testing the effectiveness of a new drug for lowering cholesterol. As part of this trial, they wish to determine whether there is a difference between the effectiveness for women and for men. The data set summarized in the Minitab output below. If we assume that the population variances are equal, what is the 1% critical value? Descriptive Statistics: M, F Variable M N 8 7 N* 0 0 Mean SE Mean St Dev Minimum...
A pharmaceutical company plans to test a potiental anti-cancer
drug on human subjects, The drug will be administered in pill form.
How would this study be designed so that appropriate controls are
in place?
A newspaper article highlights the fact that the last 2 clinical trials by a pharmaceutical company have failed. This is an example of: Select one: O a market risk. b. media risk. c. inflation risk. d. default risk. O e current risk.
Most questions answered within 3 hours.
-
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 11 minutes ago -
Your friend is interested in the characteristics of fast tree
planters. He searched through the records...
asked 18 minutes ago -
. 0.67 g of Ag is deposited electrolytically from
AgNO3 after a certain period of time...
asked 19 minutes ago -
assuming that the boric acid, h3po3 present at the end of the
borax tritation has a...
asked 19 minutes ago -
When a carbonate solution is acidified, carbon dioxide is
produced.
2H+(aq) + CO32-(aq) → H2O(l) +...
asked 58 minutes ago -
A reaction has the following rate law: Rate =
kr[A][B]2. In experiment 1, the
concentrations of...
asked 56 minutes ago -
king owns a large number of public pay phones. as rhe use of
payphones decline deamatically,...
asked 59 minutes ago -
3.7 - A book is sitting on a table. The mass of the book
is 1...
asked 1 hour ago -
Which term describes the process by which a single strand of DNA
serves as a template...
asked 1 hour ago -
LAB FOOD DRING
ANSWER THE QUESTIONS:
Q1. What value is the moisture content versus time and...
asked 1 hour ago -
You are told that an object has zero acceleration. Two forces on
the object are: F_1...
asked 1 hour ago -
The usual starting point for preparing a master budget is
forecasting or estimating:
Multiple Choice
Sales....
asked 1 hour ago