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New Model for the Pharmaceutical Industry: The Institute for OneWorld Health

  • This case introduces the Institute of OneWorld Health (IOWH), a company dedicated to producing drugs for neglected diseases and the first non-profit pharmaceutical company in the world. Founded in 2000 by Dr Victoria Hale, IOWH took expired and donated patent compounds and developed them through all the stages of clinical testing and approval into drugs to fight the world's most destructive diseases, usually occurring in Third World countries where perceived profitable markets did not yet exist. By 2004 IOWH was at the stage of presenting its first Phase 3 Clinical Trial results for Paromomycin, a drug developed for Visceral Leishmaniasis, which kills as many as 200,000 people each year in India, Bangladesh, Sudan, Brazil, and Nepal. Its next task was to form partnerships with other organisations to manufacture and distribute the drug; the case focuses on Dr Hale's strategy for IOWH going forward, with particular reference to its core competencies and mission. The case encourages students to consider other models with similar aims and to observe how social entrepreneurs such as Dr Hale endeavour to overcome the market failures that exist for basic health care in the world's least developed countries.

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Metadaten
Document Type:Case Study
Language:English
Author(s):Johanna MairORCiD, Oliver Schoen
Publisher:IESE Business School
Publication year:2005
Number pages:33
Release Date:2017/08/03
Tag:Business models; Growth strategy; Innovation; Leadership; Social entrepreneurship; Social responsibility; Underdevelopment; United States
Case number:DG-1480-E
Licence of document (German):Metadaten / metadata
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