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Valeant Pharmaceuticals: Scenario 1
From the point of view of an employee at a Big Pharma company
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Your boss approaches you to talk about ways to increase profits. He suggests buying out smaller companies to gain access to their new drug developments (which cuts your own R&D costs) and raising the prices on the new drugs. Do you:
a) Agree and tell him that it's a good idea
b) Tell him to invest in our own R&D
c) rTell him to buy out the companies but don't raise the prices
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