Examlex
New Age Pharmaceuticals Inc. produces two limited lines of drugs—one for common maladies and one for rarer conditions and diseases. The majority of its business comes from the tried-and-true drugs that most Americans have been using for many years, but the new growth area in the pharmaceutical industry is in high-priced new drugs. New Age management believes that the company’s research-and-development operations are sufficiently effective and efficient enough to develop six new prescription drugs that will start showing a profit within 12 months of their roll-outs. Currently more than 4 million people use New Age products.
-In determining the quantity of drugs that it will be willing to sell at different prices,New Age management will actually be developing a demand curve.
Neural Crest
A population of cells that arise from the embryonic ectoderm and migrate to form various structures, including peripheral nerves, melanocytes, and facial cartilage.
Vertebrate Embryo
An early developmental stage in vertebrates where the organism is undergoing formation and differentiation of tissues and organs after fertilization.
Nervous System
The complex network of nerve cells and fibers that transmits nerve impulses between parts of the body, coordinating its actions and sensory information.
Circulatory System
The system in organisms (particularly in vertebrates) consisting of the heart, blood vessels, and blood, responsible for transporting nutrients, gases, and wastes throughout the body.
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