Orphagenix,a Small Biotech Firm,avoids Head-To-Head Competition with Large Pharmaceutical Companies

question 11

Multiple Choice

Orphagenix,a small biotech firm,avoids head-to-head competition with large pharmaceutical companies by developing orphan drugs to target diseases that affect fewer than 200,000 people.This is an example of which of Porter's generic strategies?

• A) differentiation
• B) cost leadership
• C) differentiation focus
• D) competitive advantage
• E) cost focus

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Definitions:

Continuous Intravenous Infusion

The constant delivery of fluid or medication into a patient's bloodstream over an extended period.

Intraspinal Analgesia

A method of relieving pain by administering analgesic medications directly into the spinal column.

Local Infusion Pump

A medical device used to deliver drugs directly into a localized area of the body over a set period of time.

Catheter Connections

The junction points or interfaces between a catheter and other medical tubing or devices.