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Immunex Races to Meet Demand for Biotech Drug

History
-Bio-tech (combination of biology and chemistry) is a hot arena for potential investment opportunities
-Tremendous potential for new companies seeking to gain a competitive advantage over in market that was still new was not highly saturated with competition.
-Immunex, Seattle based company was the founder of Enbrel, a new found drug that treats rheumatoid arthritis.
- Enbrel had annual sales of $ 750 million

Issues facing Immunex
- Enbrel was a gene based drug that was developed through non-traditional methods
- Bio-tech drugs take longer than traditional produced drugs ( 3yrs vs 5yrs)
- Enbrel was grown from Chinese hamster ovary cells
- Sales and production could have been higher if operation methods were revamped
- Bad forecasting by managers was a key hindrance to Immunex overall success
- Time horizons and uncertainties were also obstacles the company faced
- Drug development takes time; manufacturing......

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Approximate Word Count: 372
Approximate Pages: 2 (250 words per double-spaced page)

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